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Each credit line is identified with the company that you owe the debt to. If you see a name on the credit report that you do not recognize chances are the company is a collections agency. This company has purchased your bad debt from your original lender to see if they can collect on it. Creditors report, loans, credit cards, mortgages, on a regular basis electronically. Your file is also updated when you apply for credit, as the information from your credit application is submitted to the credit reporting agencies when they pull your credit report. There are three major credit reporting agencies. Equifax, Experian and Trans Union. These are independent companies from one another, and it is important for you to know that they do not exchange information.

Keep copies and records of all the dispute forms, letters, and supporting documents that you send.

Send copies of your supporting documents. Keep your letters in your computer in case you need to write again. Keep copies and records of all the dispute forms, letters, and supporting documents that you send. In extreme cases this proof is used by attorneys for settlement or in court. Credit bureaus must investigate disputes within 30 days of receiving your complaints.

• Any documents containing personal information, should be shredded
• 39 states and the District of Columbia have enacted legislation
• Open mortgage balances
• 620-659 Fair
• 750+ Excellent
• Pinger Systems/Associated Credit Services Inc., 652 E. North Belt, Ste. #400, Houston, TX 77060

The information the data marketing companies provide is valuable, because it tells lenders everything about your creditworthiness before lenders pitch you their offers. The data is worth a great deal to lenders, and comes with a hefty price tag. 31,395/month for its "platinum" level information, for which Intellidyn promises to let lenders know about every mortgage inquiry or application in any designated area in the U.S. Just what other sort of information is being sold,

This belief is fostered by the fact that creditors make such a big deal about “registering” you as a debtor with a credit reporting agency that the power of the agency itself becomes inflated. In fact, credit reporting companies are nothing more than mega businesses and their true subsidizers are the banks and finance companies. Myth: If you pay a bad debt, the negative report will automatically be removed from your credit immediately. Have you checked your credit report during the last year, 3. Then, if you want to check your score and credit records usually, credit reporting agencies are a very good option, because you get all the information you need, and whenever you need it. These reports contain the same information of the free annual one, plus your credit scores.

If there are, take steps to get them corrected. Errors in reporting do occur, although the credit bureaus would like for you to think they are foolproof. Here are a few more tips to improving your credit rating. · Don't pay off the entire balance on your credit card. Keep about 75% of it paid and keep a 25% balance. This applies to multiple credit cards as well. Where does the information on my credit report come from, Your credit history information is gathered at companies called credit bureaus or credit reporting agencies. There are three major credit reporting agencies, Equifax, Experian and Trans Union. They receive information voluntarily from creditors and the credit reporting agency updates and maintains your credit report file with this information.

It is headquartered in Ireland.

The main job of credit reporting agencies is to collect all relevant information on your credit background and sell this information to interested businesses. The top three agencies in the USA are Equifax, Experian and TransUnion. There are some smaller agencies but these are the top three. To get the information they need, one or more of these 3 top agencies receive their information from creditors and lenders. The largest and oldest of the 3 agencies is Equifax. It is headquartered in Ireland. Next is Experian which started operating in 1996 after buying TRW Information services.