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Who are the 3 major credit bureaus?

April 26, 2017Bureaus credit

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Who are the 3 major credit bureaus?

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A. In the United States there are 3 major credit bureaus: Experian, Equifax and TransUnion. Q. What types of information does a credit bureau gather? A. The types of information gathered include your name, address, birth date, employment history, debts, payment habits and public records. Q. How does a credit bureau gather my personal information? A. Credit Bureaus obtain your public records information from the court system and information on your other debts and payment habits from lenders such as banks, retailers and collection agencies. Q. What does a credit bureau DO with the information they gather? A. Credit bureaus make billions of dollars selling copies of credit reports to potential lenders. Q. What is meant by Credit Repair? A. Credit repair is the process of improving one’s credit worthiness by disputing negative information on his/her credit report. Q. What is the Fair Credit Reporting Act? A. The Fair Credit Reporting Act (FCRA) is a Federal law passed by Congress in 1972.