Answer:
Function of equifax:
Equifax collects and provides data through the NCTUE, an exchange of non credit data including consumer payment history on telco and utility accounts
Function of experian:
It sells decision analytic and marketing assistance to businesses, including individual fingerprinting and targeting
Function of transunion:
It markets credit reports and other credit and fraud-protection products directly to consumers
Explanation:
Function of Equifax:
(i)It is the largest of the three largest credit agencies
(i) Equifax collects and provides data through the NCTUE, an exchange of non credit data including consumer payment history on telco and utility accounts
(ii)Equifax also offers services to the credit consumer sector in addition, such as credit fraud and identity theft prevention products
Function of experian:
(i) It is credit service
(ii)It also sells decision analytic and marketing assistance to businesses, including individual fingerprinting and targeting
(iii)Its consumer services include online access to credit history and products meant to protect from fraud and identity theft
Function of transunion:
(i)It is the smallest of the three largest credit agencies
(ii)It markets credit reports and other credit and fraud-protection products directly to consumers