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Creditek Llc company history timeline

1979

Began Diversifying in 1979

In 1979 the company took a big step in that direction, acquiring Elrick & Lavidge, a Chicago firm that performed marketing surveys, and merging it into the company's Marketing Information Services subsidiary.

1979: Retail Credit Company changes its name to Equifax.

1986

1986: The company amasses data on more than 150 million consumers in 28 states.

1988

In April 1988 the company established a marketing services division, whose first project was to develop a direct-mail program to sell home mortgages for a Midwestern insurance company.

1988: The company now covers all 50 states, with revenue of $743 million.

By 1988, TransUnion was operating across the nation.

1990

The company's purchase of Telecredit was complicated by a sizable drop in the value of Equifax stock during 1990, as investors grew concerned about the stability of the company's profits in an economic downturn.

1991

Late in 1991, the company bought out its British partner to form Equifax Europe.

In 1991, a TRW investigator incorrectly reported that 1,400 people in Vermont had not paid their property taxes, which ruined the credit of those consumers.

1992

In mid-1992 Equifax agreed to provide consumers with a toll-free number and to begin investigating disputes within 30 days.

Per a 1992 Fortune article, it underwent new efforts to focus on consumer services.

1993

With the 1993 acquisition of Integratec Inc., Equifax gained a leading provider of debt collection and other back-office services for credit card issuers and other lenders.

1994

By 1994 Equifax had acquired three more healthcare information firms, giving it a substantial presence in claims processing.

1995

In July 1995 Equifax acquired U.K.-based Infocheck Group Limited and TecniCob S.A., a French payment services firm.

As TRW started to grow in the United States, a similar company called GUS was gaining popularity in the UK. In 1995, TRW put its business up for sale and GUS made an offer.

1996

In 1996, the FCRA was amended to extend additional protections to consumers, including the following:

Once GUS bought the company in 1996, it rebranded as Experian.

1997

In August 1997 Equifax completed the spinoff of the new publicly traded ChoicePoint Inc.

1999

The company is now owned by CBC companies, which purchased Innovis in 1999.

2002

In 2002, the business acquired TrueCredit.com and entered the direct-to-consumer market, giving consumers access to services online.

Smyyth is a spin-off from Creditek Corp., which was the leading company in the A/R BPO business, and was sold in 2002.

2006

In 2006, it demerged from GUS and began trading on the London Stock Exchange.

2013

Cartwright joined the company in 2013 and served as our President of United States Information Services (USIS) prior to his appointment.

2015

In 2015, Experian announced a data breach that existed for over two years and affected as many as 15 million consumers.

2018

Credit2B, our revolutionary credit risk information platform, was sold to a strategic acquirer in April 2018 to enable us to better focus on our automating the accounts receivable function.

2019

Damien Johnson says: 05/16/2019 at 7:19 pm Awesome Read Wow Did not know The Entire history of the Agencies but Its Clear to see they were NOT created for Consumers.

In 2019, TransUnion had a data breach that impacted up to 37,000 Canadian consumers.

2020

In 2020, Experian had a data breach that impacted up to 24 million South African consumers and 800,000 businesses.

2021

In February 2021, Experian announced it was investigating the possibility that it was involved in a data breach with its Brazilian customers.

March 30, 2021 | By CreditRepair.com

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Founded
1978
Company founded
Headquarters
Parsippany-Troy Hills, NJ
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