A little know fact or does everyone know this? Your personal credit score can have a major influence on your personal wealth…or lack of it! Your credit rating is calculated by those clever computers at the offices on the 3 credit reporting authorities. Equifax, Experian and TransUnion.
Posts Tagged ‘Transunion’
Difference Between the Fair Credit Reporting Act and the Fair Debt Collection Practices Act
Wednesday, July 15th, 2009Most of us will use credit at one point or another, for big purchases such as homes, cars and furniture. There is a price for this resource which comes in the form of interest charges and lenders use your past history to determine how much interest you will pay. The process happens when the lender would contact Equifax, Transunion or Experian and request your file. Depending on how good your report is, your interest rate would be determined.
Wining Your Credit Bureau Disputes
Sunday, June 28th, 2009Everyone is aware that probably the three major credit bureaus at the national level (Equifax, TransUnion and Experian) maintain credit reports on you and everyone else. That means they are responsible for maintaining accurate and current data about hundreds of millions. Think about that for a minute – if each person has ten credit references sources reporting about them (and some have many more than that), these institutions are responsible for maintaining records easily numbering in the billions of records data.
Ever Hear About the Alternative Credit Bureau?
Wednesday, June 24th, 2009You know about the “Big 3″ – TransUnion, Experian, and Equifax. And you know that most lenders look to them for FICO scores before deciding if they’ll extend credit to you. Of course, this can be a problem.
