Financial Matters: Consumer Lending

Ever since the Great Recession, many people have found it difficult to borrow money for mortgages, cars and credit cards as financial institutions tightened their lending standards. However, things have improved in the last few years and Craig Zuidema, Vice President of Consumer Lending at BayPort Credit Union gave us some insight into what lenders look for.
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Why HIPAA Matters: Medical ID Theft and the Human Cost of Health Privacy and

Why HIPAA Matters: Medical ID Theft and the Human Cost of Health Privacy and
A recent article in the Wall Street Journal describes the problem of medical identity theft, a problem that is rising dramatically. I blogged previously about the problem of medical identity theft, and I believe that significant attention must be …
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Matthew Ryncarz, Fusion IONZ Founder, Victim of Identity Theft
ATLANTA, Aug. 31, 2015 /PRNewswire/ — Fusion Ionz has announced that the identity of its founder, Matthew Ryncarz, has been compromised and they are working with authorities to figure out who or what organization is behind the breach. Matthew Ryncarz …
Read more on PR Newswire (press release)

Dayton Chamber luncheon on Identity Theft with surprise guest speaker
Tues., Sept. 1, the Dayton Chamber of Commerce had a very informative luncheon. Cole's Custom Catering provided a delicious meal. The speaker was W. William Wornardt III, certified identity theft specialist at Legal Shield. There was a surprise speaker …
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Is Transunion the only credit bureau that matters?

Question by darko_d1: Is Transunion the only credit bureau that matters?
Seriously, about a little more than 100% of all important business check your credit report from transunion. Whats the point of the other Experian and Equifax? I looked at all 3 reports and all inquiries were on transunion.

Best answer:

Answer by Casey C
It actually depends on which part of the country you are in. There was a time when these companies were region specific and were independant of each other. In my part of the country, Equifax provides the majority of accurate information when I pull someone’s credit. Also, lenders now utilize all 3 bureaus to get a median score for you.I would guess that you are in the middle of the US somewhere if Transunion seems to get pulled more.These companies have done business with one bureau for a long time and the cost has remained low so they don’t bother to utilize other companies due to cost.

Add your own answer in the comments!