Are Utilities Reported to The Credit Bureaus? Not yet, but soon?
Are Utilities Reported to The Credit Bureaus? Not yet, but soon? Credit Cards by John Ulzheimer Share Share Email On September 9th 2012 a bill called the Credit Access and Inclusion Act (HR 6363) was introduced by Representative Jim Renacci from Ohio. The bill suggests that public utilities should report account information to the credit […]
Are lenders required to report to the credit bureaus?
Are lenders required to report to the credit bureaus? Auto Loans by John Ulzheimer Share Share Email Repeat after me…There isn’t a law that requires lenders to report to the three major credit bureaus – Equifax, Experian and TransUnion. It’s entirely voluntary. And, the credit bureaus can pick and choose with whom they want to […]
Per CFPB, If You Furnish Information To The Credit Bureaus You Better Perform An Adequate Investigation When Disputes Are Filed
Per CFPB, If You Furnish Information To The Credit Bureaus You Better Perform An Adequate Investigation When Disputes Are Filed Auto Loans by John Ulzheimer Share Share Email Today the CFPB (Consumer Financial Protection Bureau) put companies that provide information to the credit bureaus (“data furnishers”) on notice that when the receive a dispute from […]
Why Did The Credit Bureaus Deny My Credit Application?
Why Did The Credit Bureaus Deny My Credit Application? Bankruptcy by John Ulzheimer Share Share Email The credit bureaus denied my credit application!! Wrong! This is one of the common fallacies abut credit bureaus. Credit bureaus compile the credit information supplied by data furnishers such as credit grantors (credit card issuers, mortgage lenders, auto finance […]
Do The Credit Bureaus Determine My Credit Rating?
Do The Credit Bureaus Determine My Credit Rating? Bankruptcy by John Ulzheimer Share Share Email The three major credit bureaus in the U.S, compile credit information from many data providers including credit grantors such as banks, credit unions, finance companies, mortgage lenders, auto lenders, retailers and credit card issuers. In addition, they compile information from […]