Does anyone pay for Equifax?

[KingHuang]

Hey guys,

Just wondering if you actually pay for this despite there being several free ones out there.

- Any benefits that has proven to be useful?
- Just trying to fix credit score and can't pin point the drop so would it be worth it?

TIA

 

[Viridis]

I pay.

Benefits? Hmmmm. I just like to keep tabs, I guess. I check all my bank accounts and credit cards each morning for transactions I don’t recognise.

i check my credit score regularly to see when it takes a hit. Commbank and HSBC seem quite cavalier in their approach to checks, for example

On the other hand, I just applied for and was approved - with a large credit limit (which I reduced) - for the Qantas card and Qantas (NAB) made no enquiry on my credit file

But when I asked Equifax to reflect that a number of the credit providers were actually closed they weren’t much help - told me to contact the providers and they were even more useless.

It is handy to make sure there are no credit checks on file that weren’t initiated by me

 

[knagelli]

I use the Wisr Credit file to check my credit scores and have generally been quite upto date with my scores/updating any credit enquiries against my account.

Till now never had to pay for Equifax as Wisr has been working out ok for me.

 

[sudoer]

On the other hand, I just applied for and was approved - with a large credit limit (which I reduced) - for the Qantas card and Qantas (NAB) made no enquiry on my credit file

NAB pull your credit file via illion I believe. You don't get an Equifax enquiry, but a new account will end up listed within a month.

On topic: I have a complimentary subscription from a data breach, but I previously paid for Equifax and will continue to do so after. Wisr only updates once every 3 months from memory, and doesn't proactively send me alerts when there are new updates on my file.

 

[SYD]

A few of us have a free Equifax subscription thanks to the Optus data breach. Not sure when that expires but I also just signed up to Wisr…

 

[PineappleSkip]

I’d be inclined to renew mine when the Optus freebie runs out,,,

 

[KingHuang]

NAB pull your credit file via illion I believe. You don't get an Equifax enquiry, but a new account will end up listed within a month.

On topic: I have a complimentary subscription from a data breach, but I previously paid for Equifax and will continue to do so after. Wisr only updates once every 3 months from memory, and doesn't proactively send me alerts when there are new updates on my file.

I get Wisr updates every month, but it’s not super detailed like equifax

 

[VPS]

I have a current subscription to Equifax because of a data breach at a previous employer which expires March 2025.

I've also been offered one by Wise but have to use the code by 30/9/24 - I'm presuming if I try to register again and it checks my ID it will realise it is a duplicate

 

[sudoer]

I've also been offered one by Wise but have to use the code by 30/9/24 - I'm presuming if I try to register again and it checks my ID it will realise it is a duplicate

You can have multiple concurrent Equifax memberships, no problem. I was in a similar spot, except I was already paying and then received a voucher from a data breach which couldn't be applied to an existing account due to a technical limitation on Equifax's side.

I created a new Equifax account using the + trick on Gmail (my [email protected]) and had concurrent Equifax memberships for a short time.

 

[VPS]

You can have multiple concurrent Equifax memberships, no problem. I was in a similar spot, except I was already paying and then received a voucher from a data breach which couldn't be applied to an existing account due to a technical limitation on Equifax's side.

I created a new Equifax account using the + trick on Gmail (my [email protected]) and had concurrent Equifax memberships for a short time.

Excellent thanks - just what I wanted to hear. I've got numerous email addresses so that will be fine.