Credit Reporting Agencies
Credit Bureaus are extremely powerful organizations. Going against a credit reporting agency is almost like a military encounter. Fortunately, once you’re armed with the Guerrilla Tactics provided in this report, you can rise to the occasion of winning both the battle and the war!
In the beginning it may appear as if Credit Bureaus have the advantage. After all, if you are an adult living in America, the overwhelming odds are that a credit bureau somewhere knows who you are, where you live, the name of every employer you ever have worked for, how many times you applied for credit, how many times you were denied or approved, and how many time you were late in making a payment. Similarly, it’s all in a credit report that once accessed by a subscriber, will tell them whether or not you should receive additional credit. The ultimate decision is arrived at by looking at the entries in your file.
MAJOR CREDIT REPORTING AGENCIES
1) Chilton Creditmatch Systems, 12606 Greenville Ave., Dallas, TX 75243
2) CIB “Credit Bureau Inc.”/EQUIFAX, P.O. Box 4091, Atlanta, GA 30302
3) Pinger Systems/Associated Credit Services Inc., 652 E. North Belt, Ste. #400, Houston, TX 77060
4) TRW Credit Information, 505 City Parkway West, Orange, CA 92667
There are approximately 5,000 credit reporting and collection agencies operating in the United States today. If a credit problem exists it may or may not be brought to your attention. For example, damaging inquiries and variations may appear in your file without your knowledge. However, if you apply for credit and there is a problem whereby you were rejected, you would be notified by the lender and told that the credit application denial was the result of a credit bureau report.
If you either know or suspect you have a credit problem, there is no way to know what you are up against unless you get a copy of your credit report. This is where any major roadblock to getting credit will surface.
Even before you attempt to obtain or increase credit lines, you should first obtain all credit reports that are available on you. You can accomplish that by calling for one or more of the credit bureaus listed and asking for your credit report. There may be a small fee for this service. However, if your application for credit is denied by a creditor, then you can receive a credit report at no charge from the credit reporting agency. We recommend that you do not wait until a credit card company, bank, or other lender denies your application for credit, before you obtain the report.
Even if you don’t suspect a problem, you should get a credit report on yourself just to identify any false of incorrect information that has been entered into your file. Damaging computer errors, human entry errors, incorrect social security numbers, addresses, employers, and income errors happen all the time. At the very least, you should make certain you haven’t become the victim of computer error. Get more credit tips!! You can even fix your credit on your own!
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