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Are “Credit Bureaus” Government Agencies?

April 26, 2017agencies credit bureaus government

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Are “Credit Bureaus” Government Agencies?

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No. Credit reporting companies are just that – companies. They are in business to make money, and they generate their income by selling credit reports to creditors.

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No. Credit bureaus are for profit companies. They profit from selling your personal information, credit history, and credit score. They are required to follow all laws and regulations set forth by various levels of government and receive no special treatment.