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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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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It’s kinda like paying for a movie and being forced to sit through commercials before seeing it. I recently reviewed a client’s purchased tri-merged credit report and noticed something I’d never seen before: there were one to two ads per page on the report. The credit report service will remain nameless. […]

Popularity: 22% [?]

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Just received this email today from MyFico.com concerning the huge drop in consumer scores over the Sallie Mae glitch. Generous of them to extend this offer for so long…
Dear Valued Customer,
You may have received a recent Score Watch alert noting a large drop to your FICO® score due to a balance increase on your Sallie […]

Popularity: 21% [?]

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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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