Who Creates The Credit Report?
Credit reports are assembled by a credit bureau. A credit bureau is a clearinghouse for credit history information. Credit grantors provide the bureau with information on how their credit customers pay their bills. The bureau assembles this information, along with public record information, and creates a file on each consumer. Credit bureaus do not approve or reject consumer applications for credit; they merely report the information provided by credit grantors. There are three national credit bureaus: Experian (formerly TRW), Equifax and TransUnion. These agencies do not share information with one another, so to see your complete credit profile, you need to get a report from each agency. How Long Do Negative Items Stay On A Credit Report? The length of time a negative mark can stay on your credit report starts from the time you were late or when the late payment went into collection, not from the last time you made a payment on the account. Negative information generally can be report
