Get Your Free Credit Report

You can get your 3 free credit scores and then decide if you want to keep the credit monitoring or not. This is the best offer to get your complete credit profile without spending any money. And you don't have to sift through dozens of pages of your credit reports to try and figure out how well you are doing. All consumers in the world have to rely on the credit reporting agencies not making mistakes on your credit that could negatively affect their credit sores. Unfortunately like any system the reporting process is not perfect and mistakes happen. The worst part is you have no idea what is going to be reported or has been reported about you on your credit file until it appears on your report. Most people usually discover the mistakes at the worst possible time, like when they get denied for a much needed loan or more embarrassing when it costs them a job!

The credit reporting agencies perpetuate this myth themselves so people will not ask them to remove stuff. Myth: Credit reporting agencies strive to keep accurate reports. In what alternate universe, Again, a credit reporting agency is not an agent of the government, and has little interest in helping anyone out or motivation to be accurate. The credit reporting system has many parts. Primary among them are credit reporting agencies (aka credit bureaus); furnishers (those that feed account and public record information to the bureaus), including collection agencies, creditors, and service bureaus; and users of reports. We will focus on the major players of the credit reporting system and provide an overview of how they operate together to affect your credit.

• Loan-to-value rations
• 660-749 Good
• 39 states and the District of Columbia have enacted legislation
• Investigating credit disputes is something they are only forced to do by the law

When it comes to your credit report and rating, you are totally reliant on credit reporting agencies doing their job properly. Most Americans simply hope that these agencies are doing the "right thing" when it comes to their credit report and rating. The reason I say this is because any creditor that you do business with simply submits information to the agencies and they would in turn file the information on your credit report.

What do the credit reporting agencies do,

There are three major credit reporting agencies: Trans Union, Experian, and Equifax. They are sometimes referred to as "The Big Three" because they are the largest credit agencies in business. What do the credit reporting agencies do, The credit reporting agencies have two main jobs: they collect information about your payment habits from the creditors who you do business with, and they report that information on your credit report. This information can be accessed by credit card companies, banks, and other creditors who want to evaluate your credit history before they extend credit to you or do business with you.

It's not well-known, but if you have recently applied for mortgage credit, the information you shared was probably sold within twenty-four hours of your mortgage application. Credit reporting agencies commonly sell what they term "trigger lists" of folks who have recently contacted mortgage lenders for rates or loan preapproval and have given loan officers permission to check into their credit. These leads are being bought by data marketing companies who then resell the information to lenders who are interested in trying to entice you to use their lending services. If you are a few days late, it might remain a secret, but if you go over 30 days, they've got you. This info will definitely reach your credit report and your score starts to fall. It can take years to build a good score, but months, or even weeks, to destroy a good one.