Federal Credit Bureau?
June 12, 2008 · Print This Article
So many people have the mistaken idea that the major credit bureaus in the United States are under the total control of the Federal government. This belief is so widespread that many people think that there is a Federal credit bureau! The companies that send Americans a free credit report once a year are not owned by the government. They get no kind of government funding. The only thing that the government does is make laws that state some things that the Federal credit bureaus can and can not do.
This law is called the Fair Credit Reporting Act. This law states that the three main credit reporting companies, Trans Union, Expedia, and Experian, must be accurate in their record keeping and recording of the personal credit information of America’s consumers. The credit reporting companies must also by law protect the privacy of consumers and their information.
The Fair Credit Reporting Act states that a consumer must be notified in writing if any of the information in their credit file has been used against them, such as when you are turned down for any type of insurance or a job because of bad credit. Normally, you will get a letter in the mail when this happens, and the credit bureau that was used will be listed at the bottom so that you may contact them if you feel the need.
The Fair Credit Reporting Act gives you the legal right to dispute anything that is in your credit report that you do not think is correct. All three credit bureaus have a thirty day period in which to investigate your file. If they cannot verify any of the information that you claim is incorrect with the company who issued the credit to you, or find that you are correct and the information is wrong, they have to delete the information from your file.
The Fair Credit Reporting Act also states that if you are turned down for a job, credit, or any kind of insurance, you have 60 days from the date you were refused to request a copy of your credit report so you can check things out for yourself. You will receive a letter about this as well, and it will tell you which credit reporting company was used.
If you are turned down for credit or insurance because of inaccurate information in your credit report, once it has been corrected, you have the right to request that the credit bureau send a corrected copy to anyone who requested a copy in the last 6 months. If you were turned down for a job anytime within the last two years, you can request that the companies you applied to be sent a copy as well.
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See all three of your credit reports and credit scores with your 7-day FREE Privacy Matters 1-2-3 trial membership.
I was told that it is against the law to put medical bills on your credit report. Is this true?
i am writing to your because my pay check is being garnish for 1900 dollars and its not fair. I have all the bills and documents stating what I owe and a collection agency wants me to pay more what I am need to pay. Please help me….All I owe is 200 dollars to ATT& T telephone company.
Maybe english in your part of the world is different then in my part but your complaint states that you are being garnished $1900.00 per month by a collection agency and all you owe is $ 200.00 to ATT…………………….
So if that is true then call ATT customer service and let them solve the mystery and go to your local Justice of the Peace Court and file against the Collection agency ((Get them in a court room before a judge))) and hire a lawyer and sue the Collection agenct but if you owe 200.00 and just $200.00 then why is the collection agency still garnishing your Wages .. You should have been cleared up before you ever had a collection agency take your moneys to begin with .
I don’t think ATT would ever get a collection agency to bother with a overdue bill when they have their own collectiors
Dear Sirs
I want your help regarding emails receiving by us from the organization FEDERAL CREDIT BUREAU, I have never contacted directly but my company buys a lot of merchandise from suppliers in USA so regularly, two or three per month, we do transfers to U.S. banks. I wonder if this organization is serious and not a fraud. Below you will find one of hese emails.
Thank you
Asunto: Your Credit Score down to 607.
De: “Federal Credit Bureau”
Fecha: Jue, 24 de Diciembre de 2009, 11:27 am
Para: **removed**
Prioridad: Normal
Opciones: Ver Encabezado | Version para impression | Bajar este mensaje como un archivo | View as plain text
Your Credit Score down to 607. You need to download your credit history file from Federal Credit Bureau website and carefully review it. Use your personal hyperlink.
————————————————————–
Federal Credit Bureau
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Hi Lazaro Corona Peña – this looks like an email phishing scam to me.
Reread the first paragraph in the article above – there is no such company as the Federal Credit Bureau.
For some reason Equifax is telling me that my social security number does not exist and I cannot get my credit report from them but Trans Union and Experian both have my information and can pull my credit report. I have tried speaking with Equifax and the csr continuously tells me that my ssn does not exist and a supervisor is never available. What can I do?
Everything you need to know about credit report scores. « trade line: The United States Federal Bureau of Finance …
no your certainly not reading me right,where in my statement does it suggest that i think GB is telling the truth,i think its you who has a lot to learn if for one minute i have anything good to say about beck,ive read my statement over & over again & i just don’t get where you’ve got the idea that i think beck is telling the truth,could you please enlighten me
Latest news … Better Business Bureau gives top rating to SACU: San Antonio Federal Credit Union has been awarded…
ya ebay jsut refunded a customer that still has my item. All my sales were stated final. Ebay still refunded them even though i took all the proper actions in giving the buyer exact item they ordered. I am leaving ebay…
Credit reports exist for everyone who has ever borrowed money or opened a bank account. They record information about all your financial activity. When you are thinking about borrowing money, buying a car or a house, or consolidating your existing debt, you should remember the importance of credit report.
I was having a lot of problems with my credit report too and didn't know how to fix it. I went to this site, , and they really helped me fix up the credit report and now my score is over 650
Do you think that paying a bunch of high fees to someone to get you out of debt makes sense? Think about it, you could take that money and start paying off your debt. Regardless of what these companies claim, they will wreck your credit! Just do a little research on the Federal Trade Commission's website and you will see.
history, including credit card accounts, revolving credit accounts, … Arizona Senate Research Staff, 1700 W. Washington, Phoenix, AZ 85007 …
Filename : CREDIT REPORT SECURITY FREEZE.pdf
Fullpath : /briefs/Senate/CREDIT REPORT SECURITY FREEZE.pdf
Publisher : azleg.gov
Found at Friday, 13 Aug 2010 GMT
Further searches : briefs senate credit report security freeze pdf or issue brief or site:azleg.gov
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bank, a credit card company, or any other. business gives you credit, it may send … to provide you with an instant approval status based on your score. …
Filename : FCACCreditReportScore.pdf
Fullpath : /resources/FCACCreditReportScore.pdf
Publisher : freecreditfixes.com
Found at Wednesday, 18 Aug 2010 GMT
Further searches : resources fcaccreditreportscore pdf or understanding credit report credit score or site:freecreditfixes.com
I have the same blue geo!!!
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Unsecured Loans For Bad Credit – Manage Your Status and Credit Report
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I use the same site mentioned by others. You also want to get the scores, which are not free, but worth the $6 to $8 each that they cost. Do you have a debit card? They'll take that.
You can also go to the individual sites…Experian.com, Transunion.com and Equifax.com.
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Fraud on credit I gotta report that
Debt tagging prompted a Federal Trade Commission investigation of Credit Bureau Collection Services, or CBCS.
Remove medical collections from credit report BY:Author Michael Malloy
Turns out politicians are greedy.
Or for Keith; politicians is greedy.
Article by at 2010-09-01 07:52:27
Categorized in Credit,
Love this series of videos! I’m on the upswing with my OWN credit, and I’m working very hard to instill the importance of credit and money management in my kids. This was great information. I really appreciate it and will DEFINITELY share it with my sons (the oldest one is 16).
My Background Check Blog – Know What Your Credit Report Looks Like …: When it comes to applying for loans, many …