CFPB Report on All Consumer Reporting Agencies

CFPB Report on All Consumer Reporting Agencies The CFPB has published a new report on all of the credit reporting agencies that report information on consumers. Besides the three national agencies, the report includes information on agencies that provide reports on employment screening, tenant screening, consumers’ use of bank accounts, medical histories, and other specialized areas of interest to creditors. Under the FCRA, consumers have a right to ask for a copy of their reports from these agencies.

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Getting and Keeping a Good Credit Score Depends on Your Credit Reports

Getting and Keeping a Good Credit Score Depends on Your Credit Reports Your credit scores depend on what is in your credit reports. Your credit reports have information on how you have used credit, how much credit you have available, how much credit you are using, whether you made payments when due, and whether any creditor has sent an account to a debt collector. Credit scores are numbers that designed to predict how likely you are to pay back a loan. The most basic and important actions you can take to get and keep a good credit score are as...

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Whether to Dispute Errors Online or by Letters

Whether to Dispute Errors Online or by Letters We and other consumer advocates have long advised consumers to send disputes to the credit reporting agencies by mail rather than using the agencies’ online option. The main reason for using old-fashioned mail was that there was no way to send in documents to the agencies to show the consumer is right and the reports are wrong. Now, however, the bureaus online systems allow consumers the ability to upload documents, such as documents showing proof of payment. Consumers understandably like the online option because it is easier and faster. There is still...

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Useful List of all Credit Reporting Agencies

Useful List of all Credit Reporting Agencies Most people are familiar with Experian, Equifax and Trans Union, but there are many more credit reporting agencies (CRAs) that are unknown to most people. The Consumer Financial Protection Bureau has published a list of all the CRAs. The publication lists the CRAs that provide free personal consumer reports with their latest company name and report request information, information consumers may use to link to the Bureau’s original content. It also provides names of parent and subsidiary companies so readers can research company names in the Bureaus Consumer Complaint Database. The list has...

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Channel 7 Interview with Mixed File Victim

Channel 7 Interview with Mixed File Victim Last night, Michael Finney of Channel 7 in San Francisco interviewed our client Lisa Allen about her experience with the credit reporting agencies. When Lisa was just a child, the Social Security Administration mistakenly gave her social security number to the guardian of a another Lisa Allen who lived in another state. The mistake occurred because their names were the same and their birthdays were only ten days apart. As the two Lisas went through their teen years, Experian, Equifax and Trans Union mixed their credit files meaning the other Lisa’s credit files...

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