Credit Reporting Agencies

Posted By Marshall Walker @ Dec 29th 2008 1:53pm In: Mortgage

Creditors voluntarily report information about you to Credit Bureaus. A credit bureau is a clearinghouse for credit history information. The bureau may also be referred to as a Credit Repository. Credit grantors provide the bureau with factual information on how their credit customers pay their bills. Each bureau assembles that information, along with public record information obtained from courthouses, into a file on each consumer. There are three major credit bureaus:

Equifax - (800) 685-1111,
Experian - (888) 397-3742 ,
Trans Union - (800) 916-8800 , 


These national agencies maintain centralized databases containing the credit records of more than 170 million Americans. Credit bureaus generate over a half-billion credit reports a year.


Credit bureaus do not rate credit

Credit bureaus do not approve or reject consumer applications for credit

Credit bureaus report the information.

 Courtesy of Melissa Breeland The Mortgage Maven!


Melissa "The Mortgage Maven" Breeland

Residential Mortgage of SC

902 Savannah Hwy

Charleston, SC 29407

Best Phone: (843) 991-6532

Fax: (843) 725-2363

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