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I apologize if this has been done before, but in your opinion/experience, what is the WORST of the three credit reporting bureaus? (Trans-Union, Experian, or Equifax). And why?
As the former owner of a credit reporting agency, I go back to the old days before there were even merged reports! TransUnion has always lived by its own drum, it's very hard to get info removed from them, etc. I could go on and on and on!!
I sold my firm to a firm who was a servicer for Experian. I stayed on and did the corporate thing for a while. I had first hand experience with Experian (obviously) and began a pilot program with Equifax to rescore consumer's scores when there were errors on reports.
That program was successful and that's why you see rescoring being more common today. Got nothing for it but in this area, I feel like I know more than Suze Orman!!!
Very true. I think that is why most banks will pul all three and transunion has had that rep for years. I have always pulled Experian. As far as business credit reports, Experian has a long way to go. Good post.
Believe it or not, we (DH & I) have never had any problems / errors with any of our credit reports. We have moved around quite a bit - owned 5 homes. I don't know how we have been so lucky - but we have not had any issues!
I disputed 4 different pieces of info in my Experian credit report:
1) It said I hadn't made a loan payment in over a year, which was totally false and easy to verify with my bank.
2) It had an incorrect address for me. In fact, according to both Yahoo Maps and Google Maps, the address didn't even exist.
3) My ss# was wrong!!
4) My phone number was incorrect.
I sent corrections to the address listed in the credit report, then received a letter from Experian saying I had to prove my identity by supplying copies of my driver's license and a utility bill. After complying with the request and resending everything, I got a second letter from them stating that they "were not able to use it" and that they couldn't make any corrections to my file.
The folks at Experian are truly certifiable idiots. And we wonder what caused the credit debacle.
I have had serious problems with all three! Wrong names , wrong address, someone elses info on my records. Have a very hard time getting it corrected. I think all three need a major overhaul , in fact the whole credit reporting system. They work harder to knock you down than to help you!!
When my brother was buying a house he notified me that one of my credit cards was appearing on his credit report with Experian. I called the credit card company to make sure they had the correct information, and were reporting the information correctly, and they said they were, I confirmed the SS# with them. I called Experian about the lack of my credit card on my report and they were trying to blame the credit card company, I then had to go online and file a dispute, eventually about a month later they cleared it up. I have had no problem with the other 2 companies.
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Credit reporting agencies
They have to be kidding
