An Equifax credit report is a picture of how you, as an individual, have paid back the companies from whom you borrowed money and/ or how you have met other financial obligations. Your Equifax credit report, sometimes referred to as your "credit history" or "credit file", contains personal information gathered from many sources on an ongoing basis. Most companies that have extended you credit will provide information for your consumer credit report to the three major credit report agencies. Your Equifax credit report is an indispensable tool for consumers and lenders. Lenders will use information on your Equifax credit report to make a variety of decisions based on their criteria. From mortgages, car loans, and credit cards to utilities, auto and homeowners insurance, student loans and employment, your Equifax credit report is the lifeblood of your financial health.

Source:http://www.credit-factor.com