The Major Credit Bureaus
The 3 major credit bureaus are Equifax, TransUnion, and Experian. These companies collect financial information from various creditors and sell this information in the form of credit reports to lenders or others who have a legitimate use for it. Each individual has a right to see what is contained in their credit report at the various credit bureaus. Individuals are entitled to receive one FREE copy of their credit report from each bureau, once every 12 months. The information contained in the credit reports may be as follows:
· Individual’s full name, address, place of employment, and spouse’s name, if married.
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How do I correct a mistake on my credit report?
Everyone should take advantage of their right to obtain a FREE credit report for themselves, every 12 months from each of the three credit bureaus. This is the only way you can monitor your own credit file, without paying high fees to a credit monitoring service. Although the FREE credit report will not include a credit score, it will let you view any negative information included in your file. If the negative information is true, complete and accurate, then you can take actions to start improving your credit situation. Read more
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Tech offers students interest-free loans for bicycle purchase
The Tech Outdoor Pursuits Center has initiated a new program that will allow students to receive a $500 interest-free loan for one year, so they can buy a bicycle.
http://media.www.dailytoreador.com
CreditReportBlog.com commends the Tech Outdoor Pursuits Center in its initiative to promote this program. This program has so many good purposes that we would highly recommend every educational institute in the country try to adopt a similar program.
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Hospitals Peer into Patients’ Credit Reports
Financially squeezed by shrinking reimbursements and expanding uninsured patient rolls, some Atlanta hospitals are using tools to peek into patient credit reports to gauge their ability, and willingness, to pay medical bills.
***Credit Report Blog***Timely medical care is something that should not be denied to anyone, regardless of their ability to pay or not. How can we claim to live in a civilized society, if only people who can afford medical care are given it? This is exactly what we are headed for if the medical establishments are given an opportunity to look through a person’s credit history before they provide treatment. This is a given, whether they admit it or not. Healthcare in the United States is just ridiculous!
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What is “credit monitoring”?
Credit monitoring is a service provided by companies to monitor your credit activity and detect any irregular or suspicious transaction that may occur. Credit monitoring can be helpful in alerting of credit fraud and identity theft. You will also be alerted to such activities as credit inquiries, delinquencies, new accounts, changes in employment and other items that affect your credit history.
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What is a “credit check”?
A “credit check” is the process of reviewing a person’s credit history prior to credit being extended. For example a bank may conduct a credit check, when processing a customer’s loan application. The result of the credit check will determine whether or not the loan is granted.
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