Equifax (EFX) announced the start of its new product, Equifax Dimensions, which gives a more in-depth picture of past credit behavior in order to better predict future credit trends, the company said in a press release.

The new product allows lenders to see up to two years worth of consumer credit activity.

Additionally, users can access up to 24 months of data related to their consumer balance, payment and credit utilization history.

"Equifax Dimensions gives our customers a window to look further into consumer credit trends so that they can make more informed lending decisions to therefore increase profitability," said John Cullerton, senior vice president of product innovation and management with Equifax.