Equifax is one of the largest credit reporting agencies in the world. It collects and maintains information about consumers' credit histories, which helps lenders decide whether to approve loans or credit cards. By analyzing this data, Equifax provides credit scores that reflect an individual's creditworthiness, influencing financial decisions for millions of people. In addition to credit reporting, Equifax offers services like identity theft protection and credit monitoring. These services help consumers keep track of their financial health and protect against fraud. With its extensive database, Equifax plays a crucial role in the financial system, impacting both individuals and businesses.