Credit Bureaus

There may be several small credit reporting businesses in your area, but the ones that they all report to are the "Big Three"... Learn the credit repair process..

Who are they?

What do they do?

Basically, they are information brokers. The "Big Three" Collect data from thousands of sources. They maintain credit files on everyone who has ever purchased anything on credit. They then sell purchasing and payment history information to just about anyone who wants to buy it. This is a lot of information to process properly.

How accurate are they?

Let's See ..., 3 credit reporting agencies, employing thousands of data entry clerks, entering billions of items of credit data. Personal data as well as credit and public record information. Obviously, with all of this going on there is a tremendous margin of error.

Are they governed by law?

Indeed they are. The Fair Credit Reporting Act (FCRA) is the federal law that governs how credit information is collected, distributed, reported and corrected in case of errors. You are entitled to a free copy of the law from any Federal Trade Commission office.


What's the potential for error? According to recent government surveys: 80-85% OF ALL CREDIT REPORTS ARE INCORRECT! It's TRUE! Credit Reports are full of damaging errors and we are being penalized for their mistakes.