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Are the consumer credit reporting bureaus agencies empowered with some kind of governmental authority?

April 26, 2017agencies authority Bureaus consumer credit Empowered governmental

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Are the consumer credit reporting bureaus agencies empowered with some kind of governmental authority?

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Credit reporting agencies have NO legal authority. They are simply private companies that are in the business of selling and maintaining personal credit information. Their income is generated by companies who pay them to maintain, update and supply your personal credit history.