Function of Credit Report and Credit Bureaus
Credit Reports are the financial bio-data of an individual. A credit report proves how well you have managed your finance. They say that a man who can manage his finance well can manage his life well. When a person takes excess credits and is unable to pay them back in time, he gets into debt. A clean credit report is very essential for a person to be eligible for future loans.
Credit Bureaus are private companies that maintain your credit history. They collect credit information reported to them by banks, mortgage companies, departmental stores and other creditors. These information are then compiled into a credit report.
The Credit Report gives you a thorough evaluation on how you have managed your credits in the past. Companies review your credit reports to determine your credit worthiness. With a clean credit report and sufficient income, you can easily qualify for additional credit. But a poor credit history creates a negative impact on your credit report and thus lowers your chances of availing further credit.
When a creditor denies your request for credit based on information in your credit report, the creditor must indicate that and name the bureau that provided the information. As per laws, bureaus are required to share with you all information they have on file about your credit, past and present.
But sometimes even when you are aware of everything you can't help being in debts for some unavoidable situations. In recent times when debt figure has increased a lot, debt consolidation packages are most effective. With debt consolidation you can not only pay back the debts but also avail proper guidance to restore your finance. Your credit history remains unaffected with debt consolidation credit repair packages.
Related Forum Discussions
- LVNV Funding LLC-What to do if you find it on credit report
- CIC Credit Report keeps showing on my paypal – who are they?
- Midland Credit Management Inc listed on my credit report
- Credit report shows lvnv funding listing – Why is it so?
- Does bankruptcy ever come off credit report?
- PDL Assistance Complaints-Feedback on this debt consolidation company
|
#1
04-07-2006, 06:06 AM
|
|
Junior Member
Join Date: Jul 2005
Posts: 96
Credits: 2,515
|
|
Sub:
Function of Credit Report and Credit Bureaus
Does anyone have the addresses for the 3 Credit bureaus? I want to send some validation letters for listing on my reports. Thank you for your assistance.
__________________
LOVE WHO YOU ARE. Look in the mirror in the morning and smile and say "I am too blessed to be stressed!" 
|
|
#2
04-10-2006, 08:42 AM
|
|
Member
Join Date: Mar 2006
Posts: 124
Credits: 2,835
|
|
Sub:
Kathryn, here are the addresses.
Experian, PO Box 9556, Allen, TX 75013 Equifax, PO BOX 740241, Atlanta, GA 30374 TransUnion depends on which state you are in. Let me know what state and I can let you know which address is applicable for you. These are the dispute addresses only. The addresses for customer service, ordering your report, etc. are different.
|
|
#8
07-06-2006, 06:44 AM
|
|
Senior Member
Join Date: Nov 2005
Posts: 3,109
Credits: 46,877
|
|
Sub:
You need to call one of the credit bureaus, then go through the menu and once you place the alert, it will automatically be placed on all 3. Then you can choose to place a 6 month or 7 year alert on the report. I highly recommend the 7 year report. If you have a police report, send a copy to all three agencies.
|
|
#13
01-11-2007, 12:10 AM
|
|
Sub:
Shawnda--
I live in OH also and the address I have for Transunion is: P.O. Box 2000 Chester, PA 19022 __________________
BROWNSUGAR!!
|
|
#15
01-11-2007, 01:53 PM
|
|
Sub:
Your Welcome
__________________
BROWNSUGAR!!
|
Linear Mode
