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Working With Credit Bureaus |
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It is essential to understand that Credit Bureaus are nothing more than
record keepers.
Simply put, they keep a record of who has given you credit, when they gave you
credit, how much credit you are given and whether or not you paid it back on
time. When you want to obtain credit cards, loans, financing for a car or home,
leases, apartments and sometimes even employment, the lender or bank will check
your credit to see your financial history.
Credit Bureaus are paid by the people who request your credit file.
Credit Bureaus have no legal power over you. Banks, police or the government
does not run them; so don't be intimidated by them. They are the Credit Bureaus
because they own large computer systems capable of storing credit information
on everyone in the United States. However, because of the tremendous amounts
of information on their computers, their method of storing information is very
basic and ridden with many errors. Since the bureaus have made so many errors
in the past, all Federal Laws regarding credit information are very much in your
favor.
The Major Credit Bureaus
EXPERIAN
P.O. Box 2002
Allen, TX 75013
(888) 397-3742
experian.com
Trans Union Corporation
P.O. Box 1000
Chester, PA 19022
(800) 888-4213
transunion.com
Equifax, Inc.
P.O. Box 740241
Atlanta, GA 30374
(800) 685-1111
equifax.com |
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| The Baker Team provides professional real estate services to all of Boone County including Columbia, Ashland, Fulton, Fayette, Boonville and all surrounding communities. If you are in the market to purchase your next home or sell your existing home, please contact The Baker Team at (573) 881-0166 or (573) 864-4562 or send email to info@bakerteamrealty.com. |
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