what ARE credit reporting agencies/bureaus, what do they do, and how do they affect the credit carriers in our world today?
The three main credit reporting agencies are Equifax, Experian, and TransUnion. These are the three that are most reliable when you want to get a copy of your credit report safely, without risk of identity theft or other forms of fraud. They are the ones who are best to call when you have a complaint about your credit report, and they are the ones who can most likely fix it, based on how well you prove your argument. The credit reporting agencies are given “reports” of the way you manage your credit from several different sources. Whomever you are borrowing money from on credit, like a bank or a credit card company, probably “tells” on you periodically to the credit reporting agencies, so that they can determine your credit worthiness based on factors like how close you come to reaching your credit limit, how many late payments you have, and how much debt you are in at the present time. This can either be a bad thing or it can be an advantage to you, depending on how well you have mana
