Many times consumers will open up a line of credit hoping to rebuild their credit. it will do you no good if the creditor does not report your payment history to the credit bureaus. Creditors are not required to report anything to the credit bureaus by law. The only requirement is […]

Popularity: 22% [?]

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Equifax was founded as Retail Credit Company in 1899. The company grew quickly and by 1920 had offices throughout the US and Canada. By the 1960s, Retail Credit Company was one of the nation’s largest credit bureaus, holding files on millions of American citizens. Unlike the two other bureaus, the company was formed to […]

Popularity: 27% [?]

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TransUnion was created in 1968 by Union Tank Car Company as their holding company. According to Wikipedia, Union Tank Car Company is a railway equipment leasing company (and car maintenance / manufacturing) headquartered in metro Chicago, Illinois. As the name says, they specialize in tank cars, and covered hopper cars. It was founded […]

Popularity: 25% [?]

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Experian has only been around since 1980 as a data collection company founded by John Peace in Nottingham, England as CCN systems, an information services business owned by GUS plc. The company was formed to collect information on people, businesses, motor vehicles and insurance. It also collects ‘lifestyle’ data from on- and off-line […]

Popularity: 34% [?]

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Frequently, when doing credit counseling, I look at a credit report which is full of pot holes: collections, late pays and charge-offs. Sadly, the initial focus of the client is on removing inquires.
Sure, the removal of inquiries is pretty easy. But it will have a pretty small effect on the […]

Popularity: 20% [?]

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