As Christmas is almost here I thought is a good time to revist a blog from last year looking at credit rating agencies Equifax and Experian. Last year we found that 97% of people could not find their Statutory Credit Report using Equifax. A report that you are legally entitled to for just £2.00.
In the intervening time Equifax has made it even harder to find your report: There were two links on Equifax’s home page to your Statutory Credit Report, now there is just one and it is effectively hidden at the bottom of the page with grey text on a grey background!

The rest of this blog was originally posted on 9th September 2008.
As the credit crunch worsens and identity theft increases, consumers are well advised to check their credit rating on a regular basis.
Credit Ratings are now more important than ever before, so at Think Eye Tracking we conducted independent research on two major credit reference agency websites; Equifax and Experian.
In the UK, people have a legal right to get a copy of their Credit Rating for £2 ($4US). Equifax and Experian allow people to apply for their Statutory Credit Ratings online. Both websites also offer a number of premium services related to credit ratings which range in price.
The research included eyetracking thirty people as they tried to get their Statutory Credit Rating reports.
With Equifax, of the thirty people tested, only one person saw and clicked on the statutory report. The premium services however were very engaged with. This suggests Equifax maybe pushing the premium services at the expense of the statutory one.
Some of the people tested verbalized their confusion and unhappiness:
“They are trying to force me to buy my credit rating for £12 when I have a legal right to for £2, it’s disgusting.”
“I just can’t find it. Am I being stupid?…. Is it really here?”
“I must have looked for it for four or five minutes without finding it before I gave up.”
Finding the statutory report proved difficult for 29 of the 30 consumers tested as the heatmap below shows, there is only one mouse click on the Statutory Credit Report link:

The testing returned far more positive results from the Experian site. 18 of the 30 people tested clicked the statutory report, but 27 saw it. Consumers who did not choose the statutory report made an informed decision to go for Experian’s one month free trial of their premium service.

The eye tracking heatmap above details where people tested focused on the Experian home page. Eighteen of the thirty testedclicked to access their statutory report and 27 saw it. Some of the people tested stated:
“I looked at the statutory offer but went with the free one because it seemed better.”
“Why isn’t the Exquifax one easy like that?”
Companies do need to balance their commercial interests with their moral and legal obligations. This is necessary to gain the trust and loyalty of consumers. At Think we believe Experian has got the balance right by prioritizing their premium service while also giving consumers statutory rights a significant amount of prominent screen estate alongside a compelling commercial offering.
Is Equifax profiteering from the recession?