A credit bureau, also known as a CRA, is accountable for making sure that
credit reports are fair and accurate, and that the privacy of that information
is protected. America's economy is founded on the readily available
credit and maintenance of high standards within the credit industry, and
these bureaus are the institutions that safeguard your credit report.
The three largest credit reporting bureaus in the United States are Experian,
Equifax and TransUnion. These bureaus may have slightly different information
about your spending history, but all three credit reports should align
within one or two statements and the scores should be the same. In order
to determine which credit reporting bureau is the best, you need to check
which source your lender will use. Before making this decision, it is
wise to get your free annual credit report that is sponsored by the government
first. This will give you a good idea of how your report looks from each
of the three bureaus, and may make it easier to decide.
As a consumer, we have the right under the law to review our credit report
and have any false, inaccurate, incomplete or unverified information removed
from our record. If a credit bureau violates the law, you may be eligible
to receive monetary damages with the help of a Los Angeles civil litigation lawyer.
The Mirkhan Law Firm, we are focused on helping defrauded and mistreated consumers find a legal
resolution to their complaints and receive compensation for their troubles.
Choosing to file suit against a large credit reporting agency or an intimidating
creditor can be a frightening ordeal, but we are here to help. When you
contact a Los Angeles business lawyer at our firm, you can rest assured
that your rights will be protected and that your best interest will be
taken care of. Call today to talk to a legal expert about your credit report.