TrustRadius

Equifax Credit Risk vs. Experian Credit Risk

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Equifax Credit Risk
Score 6.9 out of 10
N/A
Equifax Credit Risk Insight helps lenders build models help monitor delinquency, default, loss severity and mortgage borrower credit health trends at the loan level, across zip codes, vintages and market segments.N/A
Experian Credit Risk
Score 7.3 out of 10
N/A
Experian Risk Management helps lenders understand the aggregate risk, create appropriate credit risk policies and products, identify and retain profitable customers and automate credit granting decisions.N/A
Pricing
Equifax Credit RiskExperian Credit Risk
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Equifax Credit RiskExperian Credit Risk
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Equifax Credit RiskExperian Credit Risk
Considered Both Products
Equifax Credit Risk
Verified User
Analyst
Chose Equifax Credit Risk
Equifax Credit Risk has a quick platform that is constantly evolving with the objective of benefiting the direct client, reducing response time to the end client. I like that its platform is easy to use and very intuitive. It is very secure because it uses different …
Experian Credit Risk
Verified User
Manager
Chose Experian Credit Risk
Experian has much wider coverage, more reliable data, and gives predictions on default rates reliably.
Top Pros
Top Cons
Best Alternatives
Equifax Credit RiskExperian Credit Risk
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
FloQast
FloQast
Score 9.3 out of 10
FloQast
FloQast
Score 9.3 out of 10
Enterprises
FloQast
FloQast
Score 9.3 out of 10
FloQast
FloQast
Score 9.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Equifax Credit RiskExperian Credit Risk
Likelihood to Recommend
7.0
(1 ratings)
7.0
(2 ratings)
User Testimonials
Equifax Credit RiskExperian Credit Risk
Likelihood to Recommend
Equifax
Equifax Credit Risk is great for getting consumer credit reports online, pre-filled business reports online, and sometimes searching for corporate reports online. Equifax Credit Risk is not suitable for cases where the customer provides the credit application requesting to update banking and business reference information.
Verified User
Anonymous
Read full review
Experian
Experian credit risk is a great tool to assess your customers and take risks appropriately. It is specifically suited to underwrite your customers. It is not so well suited to predict the affluence or spend propensity of your customers.
Verified User
Anonymous
Read full review
Pros
Equifax
  • credit scores for applicants
  • pre loaded reports online anytime
  • consumer reports online anytime
  • credit monitoring alerts
Verified User
Anonymous
Read full review
Experian
  • Climate credit analysis
  • Probability of defaulting
  • Credit risk pricing
Verified User
Anonymous
Read full review
Cons
Equifax
  • Searching for credit and banking references in specific cases is a difficult process
  • Communication channels for giving feedback are not easy to use
  • After filing our complaint, at some point we did not receive a timely and adequate response.
Verified User
Anonymous
Read full review
Experian
  • Algorithm could be more transparent
  • Sometimes the recommended actions don't end up immediately increasing score
  • Too costly
Verified User
Anonymous
Read full review
Alternatives Considered
Equifax
Equifax Credit Risk has a quick platform that is constantly evolving with the objective of benefiting the direct client, reducing response time to the end client. I like that its platform is easy to use and very intuitive. It is very secure because it uses different confirmation methods to log in with your users each time they need to log in.
Verified User
Anonymous
Read full review
Experian
Experian has much wider coverage, more reliable data, and gives predictions on default rates reliably.
Verified User
Anonymous
Read full review
Return on Investment
Equifax
  • With Equifax Credit Risk we can evaluate the Credit solvency of applicant to get a open credit with us
  • With Equifax Credit Risk we reduce the risk of setting an incorrect credit limit
  • With Equifax Credit Risk we reduce the response time of a credit investigation process
Verified User
Anonymous
Read full review
Experian
  • Extracts all data from PDF format which helps us not to miss any data during [the] evaluation process
  • Audit trail changes helps us to analyze anomalies
  • Extremely transparent outputs to take decision
Verified User
Anonymous
Read full review
ScreenShots