The Credit Info - Repair Kit by Scott McKay - HTML preview

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3. Credit Bureaus

There are three major credit bureaus that are responsible for keeping a

 

financial blueprint of anyone who has a social security number. A very large

 

misunderstanding is that the different credit bureaus are not each responsible for

 

creating an individual’s credit score. There are other companies that use the

 

information on your credit reports to evaluate your worthiness to receive credit

 

and determine what your credit score will be. The major credit bureaus are the ones that lenders and banks inform when a borrower is making their payments on

 

time or falling behind on their payments.

 

The three major credit bureaus are Transunion, Experian, and Equifax. They

 

are all independently owned and offer other services for both your personal and

 

business needs. They offer services like fraud protection, decisioning technology,

 

and marketing tools. If you are looking to research each of these bureaus directly

 

you will find their direct links at IncomeandCredit.net. Contacting these

 

companies directly is the only way to correct or repair any mistakes that may be on your credit reports.