Resultsbee.com

Luckily, there are set time frames for how long information remains on a credit report. In general, information more than seven years old from the date of last activity (ten years for bankruptcies) must be removed from file.

The primary purpose of credit bureaus is to ensure that creditors have the information they need to make lending decisions. Typical clients for a credit bureau include banks, mortgage lenders, credit card companies and other financing companies.

Credit bureaus get information from creditors, such as a bank, credit card issuer, or auto finance company.

There are several credit reporting agencies in the U.S., but most people are familiar with the big three: 1. Equifax 2. Experian 3. TransUnion

There are several credit reporting agencies in the U.S., but most people are familiar with the big three:Equifax: P.O. Box 740241, Atlanta, GA.Experian: P.O. Box 2104, Allen, TX.TransUnion - P.O. Box 1000, Chester, PA.

Credit bureaus act as information brokers for consumer credit history. They are normally presented as agencies that sell their services to banks, mortgage lenders, credit card companies, retailers and other businesses that grant credit.