The Major Credit Bureaus

July 12, 2008 · Filed Under Credit Bureaus, Everything Credit, Free Credit Report · Comment 

The 3 are , , and . These companies collect financial information from various creditors and sell this information in the form of to lenders or others who have a legitimate use for it. Each individual has a right to see what is contained in their at the various . Individuals are entitled to receive one FREE copy of their from each bureau, once every 12 months. The information contained in the may be as follows:

·        Individual’s full name, address, place of employment, and spouse’s name, if married.

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3 bureaus’ credit scores can be widely varied

July 7, 2008 · Filed Under Credit Bureaus, Credit Score, Everything Credit · Comment 

Most lenders look at a consumer’s to decide whether to grant a loan and how much to charge. Consumers can buy a report on their , but these scores vary — sometimes widely. “There is a pervasive myth that there is one ,” said Rod Griffin of Experian.

http://detnews.com

.com advises that everyone get a copy of their FREE from each of the 3 . Although most of the time the information should not be too different on all the , your may vary somewhat depending on few bits of info that one may or may not have. Before applying for any type of loan, a consumer should be aware of where they stand, in terms of their . Read more

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Credit Restoration Service Announces Contest for the Worlds Worst Credit Report

July 2, 2008 — Lee Harrison is looking for the world’s worst . They will clean the worst each month for 6 months for free. To enter the contest, applicants must send a copy of their , , and CSC.

http://www.mmdnewswire.com

– Well, this sounds like a great deal if you are the lucky, chosen few. With the enormous number of Americans sinking in debt these days, there will the company is likely to be flooded with applicants for this new “contest” to find the worst in America. If you think you’re situation is bad, there will probably be many others with stories 10 times worse.

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Free Credit Report - Your rights

You are entitled to a once every 12 months. Each of the 3 national consumer reporting companies( , , and ) is required to provide you with one, at your request. If you require another copy of your report within the 12-month period, the reporting company can charge you upto $9.50 per copy or more.

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What are “Credit Bureaus”?

” are companies that collect information about consumers’ financial activities. There are : , and TransUnion. They collect information from parties that have given you credit in the past, such as stores that may have given you credit cards, or banks that you may have obtained loans from. They then sell this information in the form of a to anyone who has a legally recognized reason to request it. This would include:

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