Posts tagged ‘Bureaus’

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Tens of Millions of Credit Reports are Wrong and Credit Bureaus Basically do

Tens of Millions of Credit Reports are Wrong and Credit Bureaus Basically do
“The credit reporting dispute system is a travesty of justice,” said Chi Chi Wu, attorney at the National Consumer Law Center said in a Congressional testimony last year. “it is a perfunctory process that consists of nothing more than forwarding the …
Read more on Ring of Fire

FTC Issues Follow-Up Study On Credit Reporting Accuracy
The 2012 study found, among other things, that one in five consumers had an error that was corrected by a credit reporting agency ("CRA") after it was disputed on at least one of their three credit reports. The study also found that about twenty …
Read more on Mondaq News Alerts (registration)

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Q&A: Do Credit Bureaus Really today what they are doing?

Question by 332960013451: Do Credit Bureaus Really today what they are doing?
Do credit Bureaus certainly provide any concern when the credit is messed up or not. Do they even today what they are doing?

Best answer:

Answer by chuck
I think they recognize what they are doing. We need to keep something in your mind inside dealing with them. They almost function for the collection agencies plus lenders. It is within the greatest interest for those to have bad products about a report because it reduces the score plus enables the businesses to charge we high interest rates. They will just follow state plus federal guideines whenever dealing with a rights plus thats just in the event you inform them which we recognize what a rights are (whenever composing letters plus such). The CRA’s aren’t a neighbors. Remember that

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