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There are two types of inquires, soft and hard. A hard inquire is when you have applied for something and is initiated by you, for example, you have applied for a loan or mortgage or completed a credit application for a credit card or even applied for insurance. These hard inquiries are the ones that appear on your credit report and are visible to creditors when they access your credit report. The Fair Credit Reporting Act is the federal law that governs credit reporting. The primary agencies that collect public record and credit account information and furnish consumer credit reports on a nationwide basis are known as the Big Three: Equifax, Experian, and Trans Union. There are also hundreds of regional agencies, which likewise compile consumer information on a regional basis. Such agencies may compile the same type of information found in the national bureaus, yet may also be more specialized in the data they compile. For example, some provide specialized consumer reports, including business/ commercial reports, employment, check approval, and tenant screening.

• 350-619 Poor


• Monthly payments


• Personal credit information besides just marketing application information


• Loan-to-value rations


• Pinger Systems/Associated Credit Services Inc., 652 E. North Belt, Ste. #400, Houston, TX 77060


• We know that Credit bureaus are still enormous corporations with enormous power


• Chilton Creditmatch Systems, 12606 Greenville Ave., Dallas, TX 75243

These "last resort" loans may not be desperate attempts to get credit, but lenders view these accounts as unfavorable. How many inquiries falls into this category and how many are very recent may indicate financial problems. Approximately 10% is the Matrix. Last to influence your scores is the mix of you have. The most popular credit reporting agencies in the country are those the Federal Trade Commission calls "the big three": Equifax, Experian and TransUnion. Equifax Credit Information Services, Incorporated is a publicly traded company on the New York Stock Exchange. The company operates internationally and is a nationwide consumer credit reporting agency within the U.S. Equifax is obligated under the Fair Credit Reporting Act to provide American consumers with one free copy of their individual credit report each year.

There are several places that people can go to get these scores. They can be located and ordered from a very long list of web sites that are all over the internet. Many of these sites charge a one time fee for them or charge a membership fee in order to acquire these reports. These sites want people to order from them and find out that their site would be good for all of their financial needs. This is a very popular way of promoting their website and trying to gain views.

Although, there are others these are by far the most important and the ones I will discuss below.

Myth: Trying to get stuff removed from your credit report is illegal. Again, this is just not true. There are illegal and unethical ways to tamper with your report, but many people have incorrect or outdated items on their report and it is perfectly legal to try to have those removed or updated. In the United States today there are 3 big credit reporting agencies in operation. They are Equifax, Experian and TransUnion. Although, there are others these are by far the most important and the ones I will discuss below. Credit reporting agencies are agencies who record all our credit transactions. You can view this information by requesting a credit report. This can help you maintain and improve your credit since you know where problems lie. Credit reporting agencies monitor the spending habits of people rather closely. This has its good and bad sides.