Credit Attorney, P.C.
  1.800.811.9935  
 (Refcode: 1000-1-WWW)
   Credit report repair law firm since 2001. Over 50,000 clients served.    Contact Us  |  Client Login
 
Our Services
Our Firm
FAQ
Accolades
Sign Up

Enroll

Home > FAQ > Credit Bureaus FAQ Apr 19, 2014

About credit bureaus

1) What is a credit bureau?
2) What exactly do credit bureaus do?
3) Who are the three major credit bureaus?
4) Are the credit bureaus government agencies?
5) Who is Fair Isaac?
6) How can I contact the credit bureaus?

1) What is a credit bureau? [top]

A credit bureau, credit rating agency, or consumer reporting agency (CRA) is an agency that compiles and distributes your credit and personal information to creditors.

2) What do credit bureaus do? [top]

Credit bureaus gather information about you and your credit history on an ongoing basis. This information may include payment habits, number of credit accounts, balance of accounts, and length and place of employment. Lenders, such as credit card companies and banks, provide this information to the bureaus in return for the ability to request credit information about you. Each of the credit bureaus collects information differently and uses its own proprietary method to determine your credit rating. Your credit rating measures your credit worthiness—the ability to pay back a loan—and affects the interest rate applied to your loans.

3) Who are the three major credit bureaus? [top]

The three national credit bureaus are Equifax, Experian, and TransUnion. In the United States most credit history information is collected and managed by these three agencies.

4) Are the credit bureaus government agencies? [top]

No. All three consumer reporting agencies are national, independent, for-profit companies owned by their shareholders, and they are regulated by the Fair Credit Reporting Act (FCRA), the federal law which covers credit bureaus and credit reporting.

5) Who is Fair Isaac? [top]

Fair Isaac Corporation is the developer of the the FICO® score, the worldwide standard for measuring a consumer's creditworthiness and credit risk. All three credit bureaus use Fair Isaac's specialized software that uses the information on your credit history to calculate your FICO® score.

6) How can I contact the credit bureaus? [top]

Equifax.com | 800.685.1111
Experian.com | 866.200.6020
TransUnion.com | 800.888.4213




"Thanks for doing a great job! I'm impressed with the results!"
     - Diane, TX

Service Features


Home | Our Services | Our Firm | FAQ | Accolades | Sign Up | Contact Us | Client Login
Disclaimer | Terms Of Use | Privacy Policy | Opt-Out | Receipt | Confirm

Copyright © 2001-2008 Credit Attorney, P.C.&trade (Dana Facemyer, admitted in Utah) and Credit Attorney California™ (Adam Fullman, admitted in California). All rights reserved. The services of Credit Attorney, P.C. and Credit Attorney California may not be available in all states. Credit Attorney, P.C. and Credit Attorney California collectively may be known as "Credit Attorney," "we," "us," or "the firms."
RTS0920987931