A recent court order requires the three major credit-reporting bureaus — Experian Group Ltd, Equifax Inc. and TransUnion LLC — to clean up the credit files of millions of consumers who have filed for Chapter 7 bankruptcy. The problem: Old debts, which are typically forgiven by the courts in a bankruptcy filing, are still being […]

Popularity: 19% [?]

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In other (more lengthy) words, your credit score will not be “calculated” in the same way contingent on which credit reporting agency you request it from.  With so much emphasis on a consumer’s credit score in today’s tumultuous economy, when you request your credit score, you want to see the same score that a potential […]

Popularity: 20% [?]

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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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Under the FACT Act which passed in 2003, if a consumer pulls their annual free credit report to which they are entitled once a year, the credit bureaus have 45 days to investigate disputes rather than 30 days. Apparently, since it doesn’t specify which kind of time frame this can happen, it means FOREVER.
This […]

Popularity: 8% [?]

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I received the initial letter on 2/18/08, but this played out nicely and thought I would share as it is a good reason why the consumer should NEVER roll over to a collection agency.
I’ve posted all the updates.
“Three years ago I switched cell phone providers. I am fairly sure I settled up with the old […]

Popularity: 14% [?]

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