Credit Bureaus
company that provide credit report
Credits reports are furnished by companies known as credit bureaus. Credit bureaus are private company that assemble credit information on individuals and then pass this information on to their subscribers as credit reports. Information for credit reports comes form businesses which subscribes to the services of credit bureaus. These businesses particular banks and lending institution turn in information on anyone within their realm and are usually given an incentives from credit bureaus in form of reduced rates for every reports they requested. The information provided will be added to existing credit report of an individual or in some cases a new credit reports will be generated.
Subscribers of credits reports are normally businesses such as banks, insurance companies, departmental stores, hospital, etc. Credit bureau agency that rehash and relay the credit information that is provided by their subscribers every time a credit reports is required.
The Major Credit Beraus are:
EXPERIAN - experian.com
Tran Union Corporation - transunion.com
Equifax, Inc - equifax.com
The odds are you will have a brush with at least one of these credit bureau every time you apply for a loan or job with a major corporation. These credit bureau along with other small credit agency which are not named here are call credit report agencies.
They are not run by government or police so do not be intimidated by them
Sample of Credit Reports from top 3 credit bureau are available in link below:
Are Information In Credit Reports Always Accurate?
It is a common mistake to think credit bureaus contain accurate or even the same information on any individual. Credit reports are often incomplete and may be inaccurate. Credit reports may also differ from one credit bureau to another. As a consumer you have the right to dispute the error found in your credit report - Fair Credit Reporting Act of 1971
> Resolving Credit Reports Dispute.
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