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.
At the 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.