How Reliable Are Credit Report Companies?
Credit reporting companies are always very reliable. However, like every other human-driven initiative, credit companies that handle the work of making reports often make occasional errors. This is why one is always advised to ensure that the reports given by all the three reporting companies are similar. The three companies usually offer people a report of their credit once every 12 months upon request. The fact that they always live up to this expectation alone shows they are reliable. The companies are also always keen on enforcing the FCRA – Fair Credit Reporting Act – which specifies the standards within which all credit reporting activities should be carried out. The companies are also very reliable when it comes to safeguarding privacy of information that is availed in order for services to be rendered. The Federal Trade Commission is the main consumer’s watchdog in matters of adherence to FCRA by these three companies. Some of the sensitive information that must be safeguarded
Related Questions
- Some other companies include credit repair for a monthly fee and promise to remove a foreclosure from my credit report. Should I just do that instead?
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