Disclosures

REGULATED SERVICES

DISCLOSURE

• any disclosure of Consumer report to the consumer to whom it relates, including the Annual report Disclosure.
• a consumer file disclosure is also commonly referred as credit report or a disclosure.

CREDIT REPORT

• Is a summary of your financial history
• it contains information such as mortgages you may have, student loans, and credit cards that may be in your name
• Lenders us this information to make certain decisions about you.
• You can get a free copy of your credit report once a year from each of the nationwide consumer credit reporting agencies.
• Make sure to check your credit report regularly.

WHAT'S IN THE DISCLOSURE?

1. Personally Identifying Information -includes your name, address, SSN and DOB.

2. Credit Accounts -includes your current and past accounts reported by your lenders and creditors.

3. Inquiry Information -includes information about companies that have reviewed your credit file. There are two types of inquiries: soft and hard.

4. Bankruptcy public records -Bankruptcies and related details about them, such as the filing date and the chapter (type of bankruptcy)

5. Collection Accounts -Include past-due accounts that have been turned over to a collection agency.

HOW LONG DO ITEMS STAYS ON CREDIT REPORT?

• Most negative information generally stays on credit reports for 7 years.
• Bankruptcy stays on your Equifax credit report for 7 to 10 years, depending on the bankruptcy type.
• Closed accounts paid as agreed stay on your Equifax credit report for up to 10 years.

NEGATIVE ITEMS

• late payments - Up to 7 years from the original delinquency date (date of missed payment)
• Collection or charged-off accounts - 7 years from the date of your first missed payment that led to the collection of charge-off status.
• Other negative accounts - Up to 7 years from the date of your first missed payment that led to the collection of negative status.

POSITIVE ITEMS

• Active Accounts paid as agreed - Remain as long as the account is open, and the lender is reporting it.
• Closed Accounts paid as agreed - Up to 10 years from the date it was reported

REASONS WHY CONSUMER MAY REQUEST A DISCLOSURE

ADVERSE ACTION STATE FREE STATE REDUCED FRAUD OR EXTENDED FRAUD ALERT UNEMPLOYED CURIOSITY PUBLIC WELFARE ASSISTANCE ANNUAL FREE

TYPES OF DISCLOSURE REQUEST (FREE DISCLOSURES)

• Consumers can receive up to 6 free*additional copies of their Equifax Credit reports per year by creating myEquifax account.
• Consumers can also go to AnnualCreditReport.com and access a free weekly credit report from Equifax.

EXCEPTION - DISCLOSURES

Covid 19

• Due to the Covid-19 pandemic, Equifax currently offers consumers the opportunity to request a free weekly disclosure.

Breach Settlement

• As part of the Equifax Data Breach, Settlement Equifax will no longer charge a fee to consumers for the first 6 copies of their disclosure.

WHO CAN ACCESS A CONSUMER CREDIT REPORT?

• The individual pulling their own credit report or file for personal knowledge.
• Student loan providers
• Landlords or Apartment owners
• Government agencies
• Banks
• Utility Companies
• Employers
• Creditors
• Insurance Companies
• Collection Agencies

REQUIREMENTS- AUTHENTICATION

• Consumers (with the exception of Third-Party requests) are able to use any secure channel to authenticate themselves and provide a request reason in order to request a disclosure.
• You cannot give information out to a consumer who does not pass authentication.
• For consumers who fail the authentication: Submit Documents

1. One document to verify their SSN and
2. One document to verify the current address.

Mailing Address: Equifax Disclosure Request P.O Box 740241 Atlanta, GA 30348

THIRD PARTY CONSUMERS -Third party requests must be submitted via the mail channel due to required documentation. A third party is any person that is not the consumer.

To validate a Third Party's Identity (Select only 1 of any document)

• Driver's License
• State Issued ID Card
• Passport

Items to validate that thew Third Party is the consumer's authorized representative

• Birth certificate of minor
• Court order
• Power of Attorney
• Death Certificate
• Foster care documents

DECEASED CONSUMER -Third parties who utilize a death certificate in order to obtain a deceased consumer report disclosure.

CHANNEL TO REQUEST

Channel / Timeframe / Delivery Method

Phone - 4 business days / Mail Mail - 4 business days / Mail IVR - immediately - 4 business days / Mail myEquifax - immediately / online version Walk-up - immediately / printed version AnnualCreditReport.com - immediately / online version Identity Work Premium - immediately / online version

Delivery type for ADA consumers:

• large print / audio / braille

MAILING DISCLOSURE EXCEPTIONS

• Do not send credit report if there are discrepancies with current address or SSN or name.
• A copy of a credit report must be sent To a United States consumer with an international address.

PROCESSING DISCLOSURES