Posts Tagged Experian
Posted by in Experian on May 12, 2013
Learn why people enjoy working at Experian.
Video Rating: 5 / 5
Posted by in Equifax on April 30, 2013
Question by ..:..JuicyTX..:..: Whats the difference between Equifax, Experian and TransUnion? Which one is the best?
Equifax, Experian and TransUnion! Whats the diffrence between these 3? Which one is the biggest or the best to contact when you need to report you cards stolen or fraud?
Answer by Rick B
Different regions of the country use one over the others. Different companies as well.You would contact all three.
Know better? Leave your own answer in the comments!
Posted by in Equifax on April 24, 2013
I was wondering why I was being denied for a credit card! Come to find out my mortgage company is reporting the correct amount each month but the 3 credit bu…
You can do an Equifax dispute all by yourself! Watch this video and take a look at this link for more info – http://www.chargeoff.net/equifax-dispute.htm.
Video Rating: 0 / 5
Posted by in Experian on April 18, 2013
Question by TJB: Why do the Equifax and Experian show different credit scores?
For example on the Equifax website it says: Experian-750, Transunion-710, Experian-761. On the Experian website says: Experian-690, Transunion-683, Experian-701This is a huge difference. Which website is more accurate Equifax or Experian? Why do the websites differ so much?Dave – thank you for your advice and your are probably right, I am obsessing over my credit scores.Cold – thank you for the website suggestions. I will look into them.
Answer by Dave
Because they all use different scoring systems. It’s a scam – don’t obsess over scores; just make sure the information on your reports is correct.
What do you think? Answer below!
Question by JP: How different is the Experian Credit Score from your actually FICO?
Last year I did my yearly free credit score, which takes your score from all 3 bureaus.. and did one of those free 30 day trials to get my credit score like 6 months ago and it was 517. I havent made any payments to my solitary negative account, but now my score is like 624 on a free experian one i did today. how different are the two scores?
Answer by Ryan M
It is calculated on a completely unlike scale, using different weights, factors, and criteria. The Experion score is generally 100-150 points HIGHER than your actual FICO score….that is due mostly to the Experian score having a higher ceiling.
Give your answer to this question below!
Question by chitownlifer: How do I get a FREE credit report from Transunion, Equifax , and Experian?
I keep getting on web sites that ask for payment for a credit report. And some sites look like scams… I live in IL and thought I was entitled to 1 FREE report per year from each of the reporting agencies. But how do you contact them to get a FREE report.
Answer by Snowbunny
annualcreditreport.com doesn’t ask for any payment card or anything, i printed off my whole report!
creditkarma.com gives you a credit score also at no charge
Give your answer to this question below!
New Easy to Understand Consumer Credit Score is Introduced by Equifax, Experian and TransUnion
Brooklyn, NY (PRWEB) March 15, 2006
Surprisingly good news for consumers were announced by the three major consumer credit reporting bureaus. An unified VantageScore(SM) credit score is being introduced to replace the currently confusing field of multiple credit scores offered by the three competing credit bureaus.
Currently, each credit bureau uses a proprietary credit score to rate credit worthiness of each consumer. Creditors use credit scores derived from credit reports to grant or deny credit, including credit cards, loans and mortgages.
Different creditors use credit scores from Equifax, Experian, TransUnion or FairIsaac. Fair Isaacs produces the best known credit score, known as the FICO™ credit score. Because of the differences in formulas used by competing credit agencies, the same consumer can have either good or bad credit score depending on who does the scoring. This variability in credit score-based credit worthiness creates nightmares for thousands of unlucky credit seekers who score badly with one of the credit bureaus despite having a good credit history.
Credit-Score.org, the authoritative guide to consumer credit scoring, introduced a news section devoted to the new VantageScore (SM) credit score. It helps consumers understand the Vantage Score (SM) credit score and to transition from the current system.
“Introduction of a simplify and unified Vantage Score credit score is a victory for consumers and creditors alike, who until now had to grapple with confusing and often contradictory imputed scoring algorithms,” said credit score expert and editor of Credit Score Online Information Center, David Caro.
Under the new scoring system, credit hitting differences between credit reporting companies, Equifax, Experian and TransUnion will be attributed to data differences within each of the three consumer credit files. Credit tally will no longer vary due to the variation in the credit scoring algorithm model since the same formula will be used by all credit bureau.
VantageScore will offer consumers and businesses a highly predictive, and uniformly reproducible credit tally that is easy to understand and apply. VantageScore uses score ranges from 501 to 990.
According to credit-score.org, a credit score of 501 is equivalent to the low possible credit score that signifies significant credit risk. A consumer with a lower credit hitting is expected to have difficulty obtaining credit and will pay higher interest rates.
A score of 990 signifies excellent creditworthiness. A consumer with an excellent credit score is expected to benefit from the lowest possible interest rates and ease of obtaining credit from creditors.
VantageScore assigned score is derived from consumer credit reports managed by Equifax, Experian and TransUnion. According to Steve Brown, a credit consultant from Denver, Colo., accuracy is a big problem when it comes to credit account. “The ‘big 3’ reporting agencies maintain files on roughly 90 percent of all American adults,” says Brown.
“What’s scary are the estimates that roughly eight in 10 reports have serious errors or other mistakes of some type.” He cautions that it is ultimately up to the consumer to make certain the reporting agencies get their information right.
Keeping a constant watch on your credit report and your credit score can be simplified with continuous credit monitoring services. http://www.free-credit-reports.com is a consumer advocacy resource recognized for continuous monitoring of special offers from the credit bureaus. Consumers will find reviews of free credit report offers from Equifax, Experian and TransUnion. Free credit score and report offers are also reviewed and updated monthly.
About Credit Score Information Center
Credit Score Information Center is a swelling respected consumer resource on consumer credit scoring. It helps consumers understand what attributed score is, how attribute score is used and how to improve credit.
For more information, visit the company’s Web site at http://www.credit-score.org
, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
The Fair Credit Reporting Act of 2004 has made it necessary for all credit bureaus to provide free credit reports to the public once a year. By September 1, 2005, all Americans were entitled to obtain their credit reports once a year free of charge. The credit reports can be from the three major American credit bureaus — Equifax, Experian and Trans Union.
The official website to go to for free credit reports is http://www.annualcreditreport.com. This site provides instant online credit report after you file an online application giving your name, address, and date of birth and social security number. Further clarification and modifications in the credit report are provided by the Federal Trade Commission website that which hosts http://www.ftc.gov/credit.
It should be noted that the above is the only official government website providing free online credit reports. Other websites purport themselves to be official by coining similar names similar to the above and claim to give free online credit reports. Most of these websites do provide credit reports but without a credit score. You also have to pay a fee. However, there are some genuine websites that do provide free credit reports once a year as per the FCRA rules.
A free online credit report contains four major sections – a person’s identification, public records, credit history and information about inquiries from creditors. The credit report would carry the FICO score, which may range from 200 to 850. A credit report of 500+ is considered good; while above 720 is considered excellent. It is this scores that creditors base their opinion on whether to give a loan or not. Credit reports also contain information of any financial upheavals like missed payments, etc.
The availability of free online credit reports has made them all the more accessible to the general public. This favors the government, as people become more aware of their credit problems and try to repair them. This helps build building up national economy. Businesses use these reports to constantly monitor their progress, while the general public uses them to acquire loans, insurances, etc.
When did you check your national credit report, was it this year, the previous year or maybe you do not even care about it. In case you do not deem it important to check, this article will alert you of the need to always request for your credit report. This is because it determines approval of your loan application whenever you apply for any loan. The credit report is the collection of credit data from the different credit transactions individuals make with financial institutions. Every lender goes through the credit report of the prospective borrower before approving the loan application, making the credit report a very vital document.
The Fair Credit Reporting Act (FCRA) mandated the three national consumer companies to always give a free copy of the credit report to all every year. This makes it compulsory for Equifax, Trans Union and Experian to produce free copies of the national credit reports to Americans every year. You can utilize this opportunity to request for a free copy of your credit report from the three bureaus; this is the first place to start from. Be very careful to apply at the right channel, especially if you are applying online so that you will not risk giving out your personal information to the wrong person, this might cost you a lot at the end of the day if it ends up with those practicing identity theft.
Before applying for any loan, request for your credit report so that you can know your level of credit worthiness. If your request is damaged a repair will be necessitated so as to access the loan facility in the future. The first step towards repairing your bad credit report is to request for the three free copies of your credit report from the three consumer companies, this is because, the three companies report differently independent of the other. So, to get a free national credit report, go to http://www.annualcreditreport.com. You can also apply offline by writing an application or through phone call, after your application, the request will be processed and the report will be mailed to you within fifteen days of your application. Most people prefer the online method of application because it produces an instant credit report, saving you the unnecessary time you spend waiting for the mail.
Did you inquire about your free credit reports lately? If not, the time is right to go to Annual Credit Report and answer a few personal questions that only you can answer and receive your report within hours. The free instance credit reports show your entire credit history dating as far back to when you had your first loan or credit card.
Because your credit report is ever changing, you can request a copy annually for inspection of the confidential records. You will find out who as been paid off, reported slow payment and how much credit you currently have used and any new applications filed. This helps the consumer keep track of credit history while having peace of mind that you are the only one using your identity.
The annual free credit report lists all your current and closed accounts. The report tells whether you paid on time or at a slower rate than expected by the creditors. Because the free instant credit reports are provided as a service, there are no fees associated with receiving your annual free credit report. Of you require your credit score; you may have to pay a small fee for this information.
Understanding your free credit reports requires a little reading, everything comes with an explanation and the layout makes reading and understanding the credit report easy. Once you look at your credit history, you will see your name, any variations of your name you may have used, whether you are married or divorced along with past and present employers and residences.
The free instant credit reports allows you to make any corrections if you find incorrect information that may be affecting your denial of further credit, cheaper interest rates and even a job. If you find inconsistencies in your credit report, right a letter to the credit agency that reports the wrong information and supply documentation to get the details corrected.
Because you receive three separate credit reports, one from Equifax, Experian and TransUnion you need to look at each report to find mistakes or inconsistent reporting. Each agency might report something that the other one does not. Therefore, looking at all three reports for correct information requires asking for all three reports from Annual Credit Reports.
Your free credit reports might not seem important to you right now, but if you ever try to land that great paying job, get the good insurance rate that your neighbor has or even get a credit card or loan, you need to know what your credit report says about you. You may find yourself being rejected because of incorrect information or even accurate information that you never new existed. Get your credit report today.
Yes, it is true: free credit reports are available for you, the consumer. Thanks to an act of Congress, you can get copies of your credit reports annually. This means that Experian, Equifax, and Trans Union – the Big 3 credit reporting agencies – must furnish one free copy of your credit report to you every year. No, you can’t get your free credit reports sent to you automatically: you must take action. Let’s take a look at how you can get copies of your credit reports sent to you today.
Annual Credit Report – By visiting AnnualCreditReport.com you can sign up through the government approved site that will give to you your free credit reports. Each of the three credit reporting companies is listed therein, so select one and provide your personal information to the company of your choosing. Once your information has been verified, a report will be generated for your review. Take a close look at it: if there are errors you need to follow the company’s procedures for contesting mistakes.
Your Credit Score – Not included with your free credit reports but available for a small fee at the same time is your credit score. This is the score whereby members of the credit industry rate your creditworthiness. The higher your score, the better for you and the lower your borrowing rates will be.
Competing Sites – Some consumers prefer to pay for what otherwise are free credit reports. By signing up with companies who offer this service, you can automatically have your credit reports run and sent to you on a periodic basis. Again, you will pay a fee for something you can get for free. In any case, you will pay for your credit score no matter whose service you use.
As with any report, check your free credit reports for errors. Experian, Trans Union, and Equifax all have procedures listed outlining how you can challenge errors. Make certain that you follow their directions to have wrong information expunged from your report. It could save you money on your next credit card loan, car loan, or home mortgage.
Certainly, there aren’t many things that are absolutely free in this life. Congress has seen fit that free credit reports are offered to American consumers in all 50 states. Run each report at least once annually and check it for mistakes as they commonly occur. Who knows, but those free credit reports could reveal identity theft issues too saving you much grief and aggravation if caught in a timely fashion.
There some confusion out there when it comes to free credit reports. You have likely seen the many articles that are floating around that state that you can get your free credit report, but just what does a free credit report consist of? In this article will will look at the differences in the 3 different types of credit reports advertised and learn more about which one is the most beneficial to have.
Type #1) Single Credit Bureau Report
One type of credit report is one where you can get a report from only one of the three bureaus. These three bureaus are Equifax, Trans Union and Experian; most of the time with this type of report you will have to choose one of these companies to get your report from. This may not help you very much because each of the three bureaus differs a bit in the content they report. You would probably benefit more from a 3-1.
Type #2) 3-1 Credit Report
A 3-1 report would include a report from each of the three bureaus. The advantage to this is you get all three reports. The downside is that you get only one score from one bureau. It would be more sensible to receive all three of the bureaus scores. Mortgage companies look at the three scores and usually go by the one in the middle. I would only be logical to see what they see if you are attempting to get a loan.
Type #3) 3-1 Credit Report With Credit Scores
This brings us to the third type. This is the 3-1 credit report that included all three scores. This is the best offer there is due to the fact that this is what lenders look at. You will want to ensure that you know what you are getting when you request a credit report.
Every consumer is entitled to one free report from each of the three bureaus annually, but this does not include a credit score. By using the services of on of the popular online free credit report sites, you can get instant access to not only your credit reports but your credit scores as well. You would be best off off obtaining a 3-1 with all three scores so you can have a clear view of what lenders are looking at when deciding whether or not to approve your loan.
Your free triple score credit report is very important because identity theft is huge and on the rise in America and elsewhere. What’s even worse about identity theft is it’s a crime that occurs without you even knowing it. You can learn that you’ve been a victim of identity theft years after the crimes has taken place.
Maybe you sold your house and applied for a new loan only to find out that some criminal has taken your creidt score and flushed it down the toilet. Or maybe you start getting bills in the mail for items you’ve never purchased. Either way, identity theft is a horrible experience to go through.
One of the ways you can protect yourself from identity theft is through your free triple score credit report. You are entitled to a free credit report from each of the credit reporting bureaus each year. That would be from TransUnion, Equifax, and Experian. When you download your credit report, you need to go through it carefully and look for anything unusual. If you find anything out of line, then you might need experienced help. There are reputable attorneys who specialize in this sort of problem.
When you find out you’ve been a victim of identity theft, it really takes the wind out of your sales. It’s degrading and humiliating. Not to mention the fact it makes you feel very vulnerable and powerless. There are, however, several steps you take take to protect yourself.
One thing you can do is to contact your bank or credit card company and see how much identity theft protect costs. Another thing you can do is to look into any of several companies, which guarantee your identity. This costs a fee, but the peace of mind can surely be worth it. Another thing you can do is to lock your credit report, or put a fraud alert on it.
One you lock your credit report, no one can make any purchases using your information without having to verify vital information. To make your identity even more secure, you should shred all sensitive information. Bank statements, credit card statements, anything that shows your social security number should all be shredded.
Another thing you can do is to be very careful about giving information out over the Internet, especially over a non-secure server. If you make any purchases online, make sure that this is over a https: connection not just an http: connection. Also, you want to make sure your information is encrypted.
A final thing you can do to protect your information an protect your free triple credit score report is to never, ever give out information over the phone to a company that you didn’t call. Make sure that you’re not being scammed by the person on the other end of the phone call.
Maxine Sweet, Vice President of Public Education for Experian, discusses the difference between a credit report and a credit score and how to request a credit score. For more information, visit: www.experian.com