Jeremy Zongker asked: A Credit Bureau, also known as a Credit Reporting Agency or Consumer Reporting Agency, functions as a central repository of credit and collection records, payment history and certain legal information on consumers and businesses. These records are sold to credit grantors and lenders whenever a consumer or business applies for credit. The [...]
Tiffany Dow asked: As the economy continues to go through major upheaval, banks are becoming increasingly reluctant to loan money – even to each other! The lending boom in which banks and lending institutions loaned money indiscriminately has led to a huge rise in home foreclosures, financial upheaval, and near disaster.The $700 billion bailout has [...]
Jason Hobbs asked: An individual gets his bureau credit repair report from one of the three centralized authorized credit bureaus – Experian, Equifax, and TransUnion. These credit bureaus also provide one free report, which means that an individual can get three reports annually.An individual needs to be always attentive to grab these opportunities for scrutinizing [...]
Eddie Cacciatore, Private Eye asked: I use a service through AMEX that keeps me posted about changes to my credit rating. They check the three agencies, but they call it a PLUS Score. What do they mean? For example: PLUS Score from TransUnion This PLUS Score is based on information from your TransUnion credit report. [...]
Danny Thompson asked: Because of a new federal law passed in 2005, you can now get your credit report free from all 3 of the major credit bureaus (Equifax, Experian and TransUnion).Thanks to this legislation, credit reporting agencies are required to provide you with a free copy of your credit report on an annual basis [...]