Posted on Tuesday, 2nd February 2010 by Admin
Credit Tip! The credit bureau must prove each credit record on your credit report. If this is not possible, it must be stricken from the credit report.
If you’ve ever applied for a loan or credit card, chances are your lender acquired and examined a copy of your credit report before deciding whether or not to grant you credit.
Your “Credit Report” is a record of your credit history and it’s prepared by agencies called “Credit Bureaus”, or “Consumer Reporting Agencies.” These are private organizations and have no affiliation with the United States (or any) government. There are 3 maj