Credit Reporting Agencies
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, www.equifax.com
Experian - (888) 397-3742 , www.experian.com
Trans Union - (800) 916-8800 , www.transunion.com
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.
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Melissa "The Mortgage Maven" Breeland
Residential Mortgage of SC
902 Savannah Hwy
Charleston, SC 29407
Best Phone: (843) 991-6532
Fax: (843) 725-2363