What is the function of credit reporting agencies?
Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase these files
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\n CRAs \n. \nA credit reporting agency (CRA) is a company that gathers and sells financial history information information on where you work and live, how you pay your… bills, and whether you've been sued, arrested, or filed for bankruptcy. They can be called "credit reporting agency" "reporting agency" or simply "CRA". The most common type of CRA is the credit bureau. \n. \nThe information that a credit reporting agency sells about you to creditors, employers, insurers, and other businesses is called a consumer report (or a credit report).
The are a number of companies that will do this for a price. If you file an eviction lawsuit and get a judgment, this can be picked up automatically by the credit reporting… agencies. Furthermore, recording a judgment lien will also put this on the debtor's credit rating. However, since this is not always the case all landlords should report their tenants behavior and payment history to the link in related links.
Only credit grantors and courts report to the credit reporting agencies. With all due respect to Andrea: There isn't a court in the country that reports to the credit bureaau…s. Courts maintain public records of all types, like births, deaths, marriages, arrests and convictions, and records that pertain to financial matters. These are judgments, bankruptcies, foreclosures and tax liens. Independent contractors visit local court houses and scan those public records into a computer. The records are then sold to data clearing houses (LexisNexis being one of those). The data clearing house then sells the records to the credit bureaus. If your question pertains to a judgment in which you were the defendant, then this is something that would adversely affect your credit. Why would you want to report it? If you are referring to a judgment that you were granted against someone else, you can be confindent that it will get picked up and reported to the credit bureaus without your intervention. If your question pertains to a satisfaction of judgment (the disposition of this type of legal action), then have the satisfaction recorded at the same court house where the action was filed. You can also send a copy of the satisfaction to the bureaus with a letter of dispute. This will begin an investigation that should result in the disposition being reflected on your credit.
Answer . There really isn't a actuall need for any of them. Its all about money and competition. If there were only one then they could (and would) charge whatever they wan…ted. Its just like any other business.
Answer . You must be a subscriber with the credit bureaus to report information on a consumer.
Answer . You can SUE anyone. It just means to ask. You're asking the courts to step in to correct damage.\n. \nIf you're asking if it's possible to WIN a lawsuit, probabl…y not. You would have to demonstrate that they made a mistake and when the corrected information was presented to them from a verifiable source, they refused to resolve the problem.\n. \nRather than get "sue happy", why not spend the same effort trying to get the problem resolved?. Answer . \nhttp://www.bankrate.com/brm/news/special/19990820.asp
Any lendor or lending institution.
By disputing negative or errorenous information on your credit report. You can do it yourself or hire a reputable credit repair firm.
You pray to god
Consumers don't report their own credit history to credit reporting agencies - Lenders do. However, you can file a consumer alert with each of the agencies that will put your …statement on file.
Credit Rating Agencies rate the credit-worthiness of securities instruments.. The reason for doing so is for investors to gain confidence that what they are buying is what th…ey think it is.. The big players in the industry (pension/insurance funds) have mandates which prevents them from investing in securities below a certain rating.. You could say that they act as a means of protecting society from excessive speculation using 'social' funds (pension/insurance) by fund managers who are out to speculate short term by taking excessive risk.. Duncan of Canary Wharf
Your question does not actually specify the object "phh", and is TOO VAGUE to answer.
Free Credit Report offers free credit reports from three different companies. You can choose which one you want to use. Expedia is usually the most reliable. While getting you…r credit report is free, you usually have to pay for your credit score.
Credit reporting agencies are agencies who are dealing with credits.If you want to investigate somebody with regards to her or his previous credit performance, then credit rep…orting agencies are the place for you to approach.
There are very many countries with credit reporting agencies. Credit agencies use them to receive their data quickly. If there is a credit agency in any particular country the…n more than likely there is a reporting agency.
Credit reporting agencies can be found in a number of locations. The most common locations are the yellow pages, on online at equifax, gcs-credit, and consumer.ftc.