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Equifax acquires CoreLogic’s Teletrack

Equifax, a global data, analytics, and technology company, recently announced the acquisition of Teletrack from CoreLogic.


Teletracker is a leading U.S. provider of alternative credit data. The Equifax, DataX and Teletrack together make a perfect combination of consumer reporting agencies in the U.S. with data about over 80 million unbanked, underbanked, thin-file, and credit rebuilding consumers. The service providers and lenders will have more alternative data sources for credit decisions. This can support new consumer financial possibilities.

About Equifax

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Equifax is an American multinational consumer credit reporting agency. Founded in 1899 by Guy Wooldford and Cator Woolford and headquartered in Atlanta, Georgia, U.S., it ranks in the top three biggest consumer reporting agencies in the U.S.

About CoreLogic

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CoreLogic is an Irvine, CA-based corporation. The company was established in 2010. It offers property, financial, and consumer information, business, and analytics. It studies data and information assets to give clients customized and analytics data services.

About Teletrack

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Teletrack is a division of CoreLogic. It leads the Specialty Consumer Reporting Agency (CRA). The company offers in-depth information and non-conventional credit data to the alternative financial services business. The clients are able to make the right lending decisions as Teletrack gives differentiated consumer insights to them.

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Mark Begor, CEO of Equifax, stated that their balance sheet, cloud investment, and strong financial performance would enable Equifax to reinvest its cash flow in this strategic and accretive acquisition of Teletrack. This will add more to Equifax’s differentiated data assets. Teletrack’s acquisition is a major stepping stone investment in Equifax’s United States Information Solutions (USIS) business. This will not only add new value to the clients but will also make Equifax a leader in providing alternative data to use in credit decisions.

Teletrack has a record of being a leader in providing alternative credit data markets for over 30 years. It has the capacity to get real-time updates in the form of consumer loan performance data and new inquiries from businesses throughout the U.S. The businesses range from subprime credit card issuers, small-dollar installment lenders to furniture financing companies, auto financiers, and rent-to-own businesses. This data is useful for creating a healthy personal financial profile for underbanked and unbanked people if they apply for loans or other services.

As suggested by the Federal Reserve, there are 63 million adult Americans who are either underbanked or unbanked. These people pay more when they borrow money and have problems in employment and housing. Supporting these people to gain access to mainstream banking services and products needs elaborative information about an individual's financial history. More data discloses more potential customers, more lending opportunities, and a higher rate of approvals. Equifax research suggests alternative data and technology will add 21% more invisible or thin consumers into the mainstream.

Frank Martell, the president and CEO of CoreLogic, said that Equifax and CoreLogic are committed to the growth of solutions that will help people live in the best financial condition. As a result, it will strengthen the local communities.


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