- Open mortgage balances
- We know that Credit bureaus are still enormous corporations with enormous power
- Personal credit information besides just marketing application information
- Investigating credit disputes is something they are only forced to do by the law
You may even find that your way was even more effective.
When trying to repair my credit I was told that it was impossible to do this alone. That was a total Lie. Many turn to credit consultant agencies for help, but why turn to them when you can do the same and with just as much accuracy. You may even find that your way was even more effective. Did you know that the Fair Credit Reporting Act Clearly states that if information that is contained in your credit file can't be verified then it must be deleted after a investigation and 30 days has past.
The Big Three also compile public record information.
A good rule to follow is to check your reports regularly to check for their accuracy.
Creditors feed the credit reporting agencies with account information and such personal history as date of birth, employment data, and address information. Service bureaus scan public record documents (found at courthouses and county offices) that contain such information as judgments (court documents declaring that one party owes another money), bankruptcies, liens, and criminal records. The service bureaus furnish this public record information to credit reporting agencies, which house it in their databases. A good rule to follow is to check your reports regularly to check for their accuracy. By knowing if your reports are accurate you have a powerful tool to manage your finances and if your score is lower than you want you can have the opportunity to improve it. Credit scores are used by many institutions and employers in evaluating risks. A good credit score is important and could be the key to better deals and opportunities.
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