#the three credit reporting agencies
How to See the Info Consumer Reporting Agencies Have Collected on You
When you apply for a job, auto insurance, life insurance, a bank account, or even set up your electric bill, chances are the company you’re talking to will go talk to some other companies, called consumer reporting agencies (CRAs), to find out your previous history. Under law, you have a right to see what’s in these reports.
You’re probably familiar with the big three credit reporting bureaus, Equifax, Experian, and TransUnion, but many other agencies collect your information for the purposes of selling reports to landlords, insurers, banks, employers, and other companies. According to Annual Medical Report :
There are roughly 400 consumer reporting agencies in the U.S. with three companies dominating the market – Equifax Information Services LLC, Experian Information Solutions Inc. and TransUnion LLC. In addition to the “Big 3″ credit reporting bureaus, there are hundreds of other “nationwide specialty consumer reporting agencies” also collect and sell personal consumer information, such as banking histories, health data, medical payments, tenancy, employment, and insurance claims. These specialty credit reporting companies assemble or evaluate a consumer’s personal information, then sell it to third parties. The Consumer Financial Protection Bureau (CFPB) warns consumers that,
Many important decisions are made on these CRA reports, so it’s in your best interest to make sure the information is accurate, just like you should check your credit report annually (because more than a quarter of reports have errors on them ). You can’t have your information removed from these agencies altogether, but you do have a legal right to see and dispute the information. It could make the difference between getting disability insurance or being turned down for it or even missing out on a job opportunity.
- How to See the Info Consumer Reporting Agencies Have Collected on You #mazuma #credit #union
- Business Credit Reporting Agency: How to Register with the Top 3 Business Credit Bureaus #torrid #credit #card
- How to Put The Credit Bureaus on Fraud Alert #sear #credit #card
- How to Pick the Best Credit Card for You: 4 Easy Steps #credit #reference #agencies #uk
Written by CREDIT