How do the Credit Agencies get info?
Date: Thu, 10/01/2009 - 12:18
Is it when you apply for credit or is it sent to them on a regular basis?
Simple. You apply for credit, have credit or default on a credi
Simple. You apply for credit, have credit or default on a credit obligation. They all report
The question was how do they get your updated address, employmen
The question was how do they get your updated address, employment etc
you update your creditors, they update the credit bureaus...it i
you update your creditors, they update the credit bureaus...it is all electronic
Thanks, that is what I needed to know. I thought that they used
Thanks, that is what I needed to know.
I thought that they used the address that you applied for credit bu wasn't sure.
Yeah, two main ways they receive information: 1) When you appl
Yeah, two main ways they receive information:
1) When you apply for credit somewhere, in order to pull your credit report the lender has to submit at least your Name/SSN/DOB/Address to the bureaus. There are other fields they can submit, (like Employer, Phone, etc), but those fields are optional. So that is one way they get new information on you - is from the information you provide to lenders on your credit application.
2) Credit accounts that you already have open report to the bureaus every month. Along with the account statistics, your lenders also report your demographic info (address/employer/phone). So if you update your address or employer with one of your credit accounts, they will end up reporting that new info to the bureaus at the end of the month.
Thank you DebtCruncher. That answered my question perfectly. My
Thank you DebtCruncher.
That answered my question perfectly. My girl friend didn't want the creditors sending anything to her house and I thought that was how they got the information. The last address that was on my report was before I applied for a car loan and then the new address appeared on my report. I am slowly but surely paying them off and only have 2 to go. I am currently working with LeadingEdge Recovery for a Cap 1 cc and will have that debt settled in February then only have 1 more to go for 1300.00 before all my charge offs are completed.. Really looking forward to being caught up and watching my credit score start going up. LVNV took it way down with their addition to my credit report but my credit is still at 551 with TU.
Thanks again for the information.
As far as know, they taking updates from your creditors & credit
As far as know, they taking updates from your creditors & credit update your previous history from credit beuros.
Thanks & Regards
