Review of the Experian Credit Bureau
The Experian Credit Bureau is one of the three major reporting companies. They keep credit history information about consumers.
They receive this information from lines of credit that you have including; credit cards, store credit, cell phone suppliers, banks, credit unions, or mortgage companies. All these companies report your payment history, balance, and other information to Experian.
They compile all the information they receive from lenders into a credit report. When you apply for any type of new credit, a lender pays to pull your report. Prospective employers are allowed to pay to see your report, also.
They were founded in 1980 in Nottingham, England. Their headquarters are located in Dublin, Ireland, but the company has U.S. operational headquarters in Costa Mesa, Calif., and Nottingham, United Kingdom.
It is the youngest of the three big agencies, but that doesn't mean it is not well respected. They employ approximately 15,500 people in 38 countries and support clients in more than 65 countries.
Annual sales for this global company are estimated to be nearly $4.1 billion. They are listed on the London Stock Exchange under the tag EXPN, and are part of the FTSE 100 index.
In order to check your report, you can visit Annual Credit Report and request a free copy. This can only be used once a year. You can also visit Experian to access your report for a fee.
When you check your report you may find errors. If this is the case, you must dispute these errors.
To dispute an error you must create a dispute letter and mail it to them. In your letter you will provide an explanation as to why the mark is in incorrect.
Reasons include; not my account, out of date, information is wrong, and etc. Its very important to know that getting an error corrected can be very time consuming and cumbersome.
That is why many employ a service to dispute errors on their report. Additionally it can be very frustrating trying to get a bureau to investigate a dispute.
The Fair Credit Reporting Act gives consumers the right to dispute any questionable item on their report.
Contrary to popular belief it is not illegal to dispute an accurate mark on your credit. You will not face arrest, or fine. It is your government protected right to dispute any item on your report.
They receive this information from lines of credit that you have including; credit cards, store credit, cell phone suppliers, banks, credit unions, or mortgage companies. All these companies report your payment history, balance, and other information to Experian.
They compile all the information they receive from lenders into a credit report. When you apply for any type of new credit, a lender pays to pull your report. Prospective employers are allowed to pay to see your report, also.
They were founded in 1980 in Nottingham, England. Their headquarters are located in Dublin, Ireland, but the company has U.S. operational headquarters in Costa Mesa, Calif., and Nottingham, United Kingdom.
It is the youngest of the three big agencies, but that doesn't mean it is not well respected. They employ approximately 15,500 people in 38 countries and support clients in more than 65 countries.
Annual sales for this global company are estimated to be nearly $4.1 billion. They are listed on the London Stock Exchange under the tag EXPN, and are part of the FTSE 100 index.
In order to check your report, you can visit Annual Credit Report and request a free copy. This can only be used once a year. You can also visit Experian to access your report for a fee.
When you check your report you may find errors. If this is the case, you must dispute these errors.
To dispute an error you must create a dispute letter and mail it to them. In your letter you will provide an explanation as to why the mark is in incorrect.
Reasons include; not my account, out of date, information is wrong, and etc. Its very important to know that getting an error corrected can be very time consuming and cumbersome.
That is why many employ a service to dispute errors on their report. Additionally it can be very frustrating trying to get a bureau to investigate a dispute.
The Fair Credit Reporting Act gives consumers the right to dispute any questionable item on their report.
Contrary to popular belief it is not illegal to dispute an accurate mark on your credit. You will not face arrest, or fine. It is your government protected right to dispute any item on your report.
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posted by Credit Counseling at
12:23 PM
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