Credit Bureau
5 Big Reasons For Understanding Your Credit Rating!

How to get a Free credit bureau report. Using this Special Report, 5 Tips on disputing credit report errors and understanding your free yearly credit report, Guide!

Nearly 2,000 bureaus operate in the United States. But only three large regional bureaus control 90% of all reports.

  1. Experian Credit Information Service (formerly TRW) P.O. Box 390 Allen, TX 75013-0949 (800) 682-7654
  2. TransUnion Corporation P.O. Box 390 Springfield, PA 19064-0390 (513) 771-3090
  3. Equifax Credit Information Services P.O. Box 65873 Atlanta, GA 30348 (800) 685-1111

Any request for information from a bureau is processed simply by entering your name and social security number in a computer linked by modem to the bureau. In moments your profile is retrieved and returned to the creditor.

The local bureau retrieves your credit history from one of these three bureaus with which it has a formal affiliation. But it is these three large credit bureaus that compile and disseminate your free yearly credit report

The local bureau merely acts as a middleman for its local creditors. But creditors can and do bypass the local bureaus and go directly to the big three.

Credit Bureau Facts

How do the bureau or agencies, obtain information about you?

With modern technology; it is easy for a agency to assemble your full profile and disseminate it with a touch of a button. Computers flow information between you and your creditors quickly and simply.

Whenever you apply for credit you also unintentionally provide considerable information about yourself:

  • Your Social Security number
  • Job
  • Salary
  • Current and previous address
  • Bank accounts
  • Credit cards
  • Other references

Depending upon the application and amount requested, you may also disclose your assets, liabilities, alimony payments, lawsuits, judgments and bankruptcies.

Former and current creditors also furnish information to the bureau either as an automatic subscriber or hunted subscriber. Automatic subscribers supply this information regularly (usually monthly):

  1. Date they first extended credit
  2. Your largest balance
  3. Repayment terms
  4. Payment timeliness
  5. Debt collections or charge-offs on your account
Banks, credit unions, finance companies, major department stores, collection agencies and major credit cards are automatic subscribers. Limited subscribers do not provide two-way information. Instead, they only buy information from the agencies.

However, they may let the bureaus know that you did not pay on time. They can do little to help you but they can damage your credit if you do not make timely payments.

Smaller banks, credit unions, hospitals, insurance companies, apartment managers and local merchants are often limited subscribers.

Information from public records is also available to a bureau. Private agencies search public records and provide this negative information to a bureau.

Banks, savings and loans and credit unions may also belong to a Loan Exchange. The bank then forwards information to the exchange about you and the loan you applied for.

The Loan Exchange provides a detailed profile of your history to supplement information available through the bureaus.

Have you had enough of working hard to make money ... just to find that your paycheck comes in one day and goes out the next to pay your mortgage, your loans, and your bills?

Denied? Due to bad credit?

Return from Free Credit Bureau Report to Credit Repair, no need for an attorney.

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