The Big 3 Credit Bureaus Credit Bureaus and Credit Reports:
A file known as a credit report or credit profile records your credit payment history. These credit reports are maintained and sold by credit reporting agencies. These credit reporting agencies (CRA's) are also known as credit bureaus. There are 3 main credit bureaus. They are Equifax, Experian and TransUnion (formerly known as TRW). You have a credit record on file if you have ever applied for a credit card, charge account, personal loan, insurance or a job.
Contained on your credit report is information about any debts you have and your credit payment history. Any judgements against you are also listed. The credit bureaus maintain your credit profile but do not make credit decisions. Only credit grantors make credit decisions.
Contact the credit bureaus to learn more about their services:
Equifax
Online: http://www.equifax.com
Experian
Online: www.experian.com
TransUnion
Online: www.transunion.com
Having a good credit rating is very important. Your credit history is inspected and evaluated by financial institutions and businesses when you apply for credit, insurance, employment and even leases. As long as you receive fair and equal treatment, companies can choose to grant or deny you credit based on your credit history. There are a number of things that can cause negative credit for example a loss of income, illness or even a computer error. Resolving your credit problems may take time, persistence and patience but it does not have to be a painful, and difficult task.
Lexington Law Firm works hard to remove negative credit information from credit histories. They are a group of licensed attorneys who are very knowledgeable in the terms of the Fair Credit Reporting Act. Let the knowledgeable experts at Lexington clean up your credit report effectively and legally.
What You Should Know About Credit
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