Annual Credit Report

Find Information on How to Get Your Free Annual Credit Report and Credit Score.

Equifax Credit Report In Florida

The State Of Mississippi Against Experian

Credit reports are a necessary evil. Creditors pull a copy any time you borrow money, landlords use them to determine whether you are a safe bet, and employers in some states still use them to determine your ability to manage financial affairs.

No Built-In Protections

The problem is, credit reports are routinely riddled with errors. Debt management companies work with clients every day who are hounded by inaccurate information and in need of credit repair. Like being accused of robbing a convenience store when you are actually home in bed, it is up to you - the consumer - to disprove inaccurate information included on your report and repair credit. The three major credit bureaus have thus far made it a practice to do little more than collect data and sell that information to those who want to see it. Whether or not that data is correct is of little concern as long as they continue to make a profit.

States Become Involved

Now comes news that the state of Mississippi has sued the world's largest credit bureau, Experian. The lawsuit contends that paperwork errors and sloppy consumer protection are rampant. Experian has gone so far as to report that some consumers are on a terrorists watch list. While it is Mississippi leading the fight against the massive agency, 32 other states are currently investigating the industry as a whole.

They ask how fair it is for a person to be denied a job or loan due to errors included on a credit report. According to Mississippi Attorney General Jim Hood, the company knows that the credit files of millions of Americans contain grievous errors, and yet refuse to do anything to correct the situation. Credit bureau are not the consumer's friend and do not exist to give credit tips or help the consumer build their credit score. Even as states come after them, it seems that as a whole the industry refuses to back down.

Three Major Bureaus, Three Sources of Trouble

All three of the major credit bureaus - Experian, TransUnion and Equifax - gather information from banks, landlords, debt collectors, and any other source that might provide a snapshot of personal finance habits. Although it is an open secret that these credit reports are often laughably inaccurate banks and some prospective employers still look to them to help determine a person's financial stability.

The Mississippi suit also alleges that Experian provides no easy way for consumers to correct those glaring mistakes, regardless of how an individual may be impacted by the errors to their report. When Experian does respond to a customer complaint, more often than not they find in favor of the debt collector or banking institution that reported the black mark. After all, it is essential to keep their paying customers happy.

Neither the credit bureau or its trade group, the Consumer Data Industry Association, are willing to discuss the law suit or answer any questions about their lingering practices.

Credit repair is hard enough. Trust in our team to help you with your credit needs. You can find us by searching key credit repair either with Bing or Google.

http://www.keycreditrepair.com

Original article published on amazines.com

Next page: Eport Equifax Credit Report Decifering


Bookmark/Share This Page:

ADD TO DEL.ICIO.US ADD TO DIGG ADD TO FURL ADD TO NEWSVINE ADD TO NETSCAPE ADD TO REDDIT ADD TO STUMBLEUPON ADD TO TECHNORATI FAVORITES ADD TO SQUIDOO ADD TO WINDOWS LIVE ADD TO YAHOO MYWEB ADD TO ASK ADD TO GOOGLE ADD TO MAGNOLIA ADD TO NING ADD TO RAWSUGAR ADD TO SPURL ADD TO TAGTOOGA

  Bookmark and Share

Recommended Products

Get The Debt Help You Need

First Choice Capital Resources - offers a fast, secure, and private way to borrow the Cash you need! Borrow Cash now and have ample time to pay it back.

Get up to $5,000 to use in any manner you like
60 second Cash approval
Great repayment terms
Bankruptcy and poor credit OK
Fast, secure and confidential

Getting the cash and credit you need has never been easier. Fill out one simple online profile and we will match you with multiple lenders. No lines, no hassles and no paperwork! Click here to Sign Up Now.

Credit ENHANCEMENT

Receive Full-Service Credit Enhancement

Start getting your credit back to where it should be by monitoring and managing negative items that may be unjustly counting against you on your credit report. We recommend a company called Riverwalk Credit Solutions to help you correct inaccurate credit items and get your score as high as possible.

Get immediate access to your credit profile, quickly analyze your credit items, and instantly begin disputing the errors and inaccurate items on your credit report.

  • A full-service credit enhancement program for a low, affordable price.
  • Fully compliant with all Federal regulations, including the FCRA and CROA.
  • Improve the accuracy of your credit reports at all 3 major Credit Bureaus.
  • It's easy - we're here to help you every step of the way.
  • Begin your Credit Enhancement now. It takes just minutes to get started.

Click here to fill out the form on the next page and a credit specialist will contact you to discuss your