This reporting bureau, like any other reporting agency, sells your credit report to lenders who request for it. The lenders use your credit report to check whether you are creditworthy. The report does not directly state whether your application should be granted or not, but it will tell the creditors what kind of borrower you are which will then guide their decisions. Apart from creditors, other establishments like insurance companies and employers also use the credit report.

The credit report produced by Experian is made up of information about yourself, your credit activity and financial standing. Because you need to provide them with data that is strictly confidential, you should be aware of the following security measure this bureau takes to protect your identity. In case you are planning to avail of the credit report services of another company, be sure that they could be trusted with the information you give.

Here are the following procedures Experian follows to guarantee that your identity is protected:

The credit report shows your credit account number. If your report gets in the wrong hands, scammers and thieves could access your credit accounts. With this, the agency can guarantee that your account remains protected from these people by dropping several digits from each of the account numbers listed on the report.

Other than that, the bureau sees to it that your Social Security number is NOT mentioned in the reports they send out to the companies who requested for your credit report.

Also, you can have the peace of mind in giving your personal information to such credit reporting agencies that invent products which would secure the integrity of their credit database. Such products are meant to prevent thieves from directly accessing information from the agency.

It also helps to have a security and fraud control department. The department specializes in monitoring the access to the credit database. If there are unusual activities occurring, you are guaranteed to have people who immediately investigate. Other than that, sophisticated software is employed to protect the database from hackers and the like.

One of the indicators of a reputable and trustworthy credit reporting agency is their application of concrete actions against fraud perpetrators. This could be verified through cooperative actions with law enforcers to catch perpetrators.

As much as Experian is a profit oriented company, the agency puts priority to consumers. One of the ways it protects you is by requiring from its clients (lenders and creditors) a permissible purpose under federal law before handing over your credit report to them.

Apart from that, if you seek a credit reporting agency to create a credit report for you, you can be sure that the information you give is secured by having an idea about how they choose their clients. You would not want to disclose information to agencies who give away your credit report to anybody who asks for it.