|
| ||||||
|
|
||||||
|
The Internet's best resource for credit repair information. |
||||||
|
Credit Repair Services ____________ About Credit Consumer Reporting Agencies (CRAs) Credit Repair - Do It Yourself? Credit Counseling Organizations ____________ Credit Related Articles
|
Consumer Reporting Agencies (CRAs) |
Debt Consolidation
Debt Consolidation FAQs Learn all there is to know about debt, including 'good' debt and 'bad debt', how to manage debt and how to avoid facing a debt crisis. Learn how to assess your
financial health and net worth and all about setting and reaching your
financial goals.
|
||||
|
Many people remain unaware that the three major nationwide consumer credit reporting agencies, called Consumer Reporting Agencies (CRAs), are not government run agencies. Each Consumer Reporting Agency is a for-profit nation wide credit corporation that operates by gathering and selling private, personal credit information to clients. These clients include creditors, insurers, employers, landlords and the multitude of companies that solicit individuals for credit and insurance offers. The information they collect is also sold to clients operating telemarketing and mailing list companies. Most legitimate credit repair companies don't work for your creditors or any credit reporting agencies - they work for YOU! Dealing with Consumer Reporting Agencies can be a frustrating and difficult task. There are times when the smart thing to do is hire professional credit repair services.
 Read Our Credit Repair Company ReviewsConsumer Reporting Agencies are governed by the Fair Credit Reporting Act. Over the years, many people, including Congress, have expressed great concern about these companies and the profound impact the information they provide can have on an individual's life. Recently, the three major CRAs agreed to pay a settlement of over 2 million dollars, negotiated by the Federal Trade Commission, for violations of the Fair Credit Reporting Act. The companies have acknowledged that mistakes sometimes occur on credit reports, yet many people have expressed concern that they do too little to address corrections. The fact is - it is up to every individual to ensure that the credit and personal information contained in their consumer credit report is accurate and up to date. It is up to the consumer to prove that information contained in these reports is inaccurate. Find out what the each credit bureau has to say about you! Consumers can only assess the accuracy of credit reporting by requesting a copy of their credit report from each Credit Reporting Agency. The three primary CRAs can be contacted at the addresses below. Equifax
P.O. Box 740241, Atlanta, GA 30374-0241; (800) 685-1111.
P.O. Box 949, Allen, TX 75013; (888) EXPERIAN (397-3742).
760 West Sproul Road, P.O. Box 390, Springfield, PA 19064-0390; (800) 916-8800. Consumer News! A 2004 amendment of the Fair Credit Reporting Act allows each US citizen to request free copies of their credit reports from each of the Consumer Reporting Agencies every 12 months. Read about the law and how to get your free credit reports. In addition, many credit repair companies offer free credit evaluations online with no obligation necessary. This is often an excellent choice in a consumer's pursuit to assess their credit standing.
|
||||||
|
Copyright 2003-2010 All
Rights Reserved. |
About Consumer
Reporting Agencies