Experian vs. Equifax

They’re fighting for your subscription, Find out how they compare!

Equifax and Experian are the UK's two largest credit checking companies. Knowing which one to choose could mean the difference between getting your loan approved or getting it denied.

This website will help you decided which one is the best for your needs.

just want to know the winner? Skip to Final Verdict

1

Why you need a credit check

Experian or Equifax, both offer similar services.

Why do I need a credit check?

If you need a loan, mortgage, overdraft, credit card or even mobile phone contract the companies you're buying from will often use a company such as eqifax or experian to gauge if you will be able to keep up the payments or pay back the loan.

A credit check doesn't just inform the companies using them whether or not you should be offered a product, but also informs them what kind or how good of a product they should give you. For example, a good credit rating will allow you to get lower monthly payments on loans or mortgages.

2

Companies each cover

Different companies use different credit checking agencies

More companies use Experian than Equifax

Lenders and the Credit Reference Agencies Used
Lender
Credit Reference Agency used for credit searches
Equifax
Experian
Callcredit
AA
Abbey
Alliance & Leicester
American Express
Bank of Ireland
Bank of Scotland
Barclaycard
Birmingham Midshires
Bristol and West
Britannia
Cahoot
Cambridge BS
Chelsea BS
Citibank
Co-op Bank
Direct Line
Egg
First Direct
Halifax
HSBC
ICICI
Intelligent Finance
Leeds BS
Liverpool Victoria
Lloyds TSB
Lombard Direct
Marks & Spencer
MBNA
Mint
Morgan Stanley
Nationwide
Natwest
Northern Rock
Portman BS
Post Office
Prudential
RBS
Sainsburys Bank
Scottish Widows
Skipton BS
Stroud + Swindon BS
Virgin
Yorkshire BS
3

Pricing

Now the all important question;How much is this going to cost me?

Equafax is currently the cheaper option

Whichever you feel suits you needs best, Experian or Equifax, they both offer a 30 day free trial of their services. However you will need to put in your credit/debit card number to activate both free trials and often these services rely on you forgetting to unsubscribe. So make sure you unsubscribe if you're only interested in getting one free credit report.

However, it's also a good idea to subscibe to these services as they'll alert you as soon as something happens on your credit report. Applying for a loan or credit card without realising a company has mistakenly put a black mark against your name can often lead to rejection and another black mark! A self fullfilling prophecy.

Equifax costs £9.95 per month.

Experian costs £14.99 per month.

Feature Roundup

Experian Equifax
Lenders who use it 39 26
Features Email monthly reports Email monthly reports
Contract Length None None
Free trial 30 days 30 days
Price £14.99 £9.95

The Final Verdict

If you can only choose one, Experian (CreditExpert.co.uk) is clearly the one to go for.

More companies use it as their credit referencing company so it's a more useful product. Both are free for 30 days as long as you cancel your membership within that time, but Experian (CreditExpert.co.uk) costs £5.04 more if you wish to continue your monthly subscription.

In my opinion, the added features are worth the added cost.

give it a go yourself!

Sign up to Experian

Or if you still fancy Equifax, click here to join →