Nowadays, there are more and more lenders requiring their customers to provide the credit history document from credit reporting agencies if they want to get any loan. This post, InfoCreditFree will introduce people where can you check your credit score.
After checking the credit score from credit reporting agencies, if people have a bad credit rating, you still get a personal loan for people with bad credit. Such as best loans for people with bad credit, low-interest personal loans for bad credit, online loans for poor credit…
CREDIT REPORTING AGENCIES
People no longer need to rely solely on free credit reports from every major office that people enjoy every year to find out where the finances stand because of the wealth of personal finance applications, websites, and services available.
1. What are the credit reporting agencies
A credit reporting agency (CRA) is a company collectings information about where customers live and work, how they pay their bills, whether you are sued, arrested, or filed for bankruptcy. All of this information is incorporated into a credit report. CRA will then sell the credit report to creditors, employers, insurance companies and others. These companies will use these reports to make decisions about extending credit, work and insurance policies for people.
You have the right to place a free copy of your credit report from each major credit reporting agency (Equachus, Experian and TransUnion) on an annual basis. This site is the only government-authorized site that provides you with a free copy of the credit report.
You can also contact credit bureaus directly if you need to dispute the information in your report, place a fraud alert or freeze on your credit file, or have other questions.
- Equifax or by phone at 1-866-349-5191
- Experian or by phone at 1-888-397-3742
- TransUnion or by phone at 1-800-916-8800
2. How do the credit reporting agencies do?
Major credit bureaus receive credit-related information from companies which you do business with. They also get related public records, such as mortgage collateral or bankruptcy information, from state and local courts, and include this information in your credit report.
Credit bureaus collect and hold consumer credit information then sell it to legitimate businesses for review. For example, a company that you have registered for credit will have a valid need to view your credit history. Your information may also be sold to companies that want to screen you for their products and services.
Credit reporting agencies can only provide information and analytical tools to help businesses make decisions about whether to give you credit and what kind of interest they will charge for you. The office did not make a decision.
3. Three credit reporting agencies
Credit institutions are likely to receive a variety of information and data that may be included in a credit report. Equifax, Experian, and TransUnion are the three largest credit reporting providers in the United States. They are known for receiving standard credit information and providing a comprehensive credit report on the borrower’s basic credit history. They set industry standards for reporting and scoring.
Equifax, based in Atlanta, has 7,000 employees and operates in the United States and 18 other countries including Argentina, Chile, Costa Rica, Brazil, Canada, Ecuador, India, Ireland, Mexico, El Salvador, Honduras, Paraguay, Peru, Portugal, Russia, Spain, United Kingdom, and Uruguay. Especially dominant in the south and east of the United States, it claims to be the market leader in most of the countries in which it is present.
Experian, headquartered in Costa Mesa, California, originally handled reports for the western United States. Now, the company claims to be the global leader in information services. The company has about 16,000 people in 39 countries and is headquartered in Dublin, Ireland, with operations in Nottingham, UK and São Paulo, Brazil.
TransUnion is a global leader in information and credit management services. The Chicago-based company has operations and branches in 33 countries. It employs approximately 3,700 people.
Obviously, people must have an excellent credit rating if want to get low monthly payment loans. For check and get the current credit score document, you can get information from our previous article “How many places can I check my credit score in the US?“.
Some loans for people with bad credit people can refer are financial loans for bad credit, low-interest loans for poor credit, loans for ppl with bad credit, loans for very poor credit rating…
Hillary (Team Content) – Info Credit Free