The Consumer Finance Protection Board (CFPB) maintains a list
of consumer reporting companies that includes a section listing low income and subprime reports.
National
consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that, in turn, use it to evaluate your applications for credit, insurance, employment, or renting a home.
Universal Acceptance Corporation, on behalf of CarHop, furnishes consumer account information to all three major
consumer reporting companies on a monthly basis.
Tesla
told Consumer Reports the company has improved the software for the Model 3's anti-lock braking system to adapt to variations in how the brakes might be used and to respond to different environmental conditions.
The Consumer Financial Protection Bureau (CFPB) has issued CFPB Bulletin 2012 - 09 reminding nationwide
specialty consumer reporting companies that they must give consumers an easy way to get a free copy of their specialty reports.
A recent report by the Consumer Financial Protection Bureau outlined a number of problems it found with the big three
consumer reporting companies along with suggested reforms that could help consumers improve the accuracy of their own credit reports as well as those all - important three - digit scores.
Contact the toll - free fraud number of any of the three
consumer reporting companies below or visit their websites (you only need to contact one of the three companies to place an alert on all three).
You may order reports from each of the three
consumer reporting companies at the same time, or you can stagger your requests, ordering one from each company throughout the year from the central address.
If you believe that a company has taken adverse action against you, such as dramatically increasing your home insurance or denying employment, then the
relevant consumer reporting company is required to give you a free copy of your consumer report.
The Consumer Finance Protection Board (CFPB) maintains a list
of consumer reporting companies that includes contact information for some of the major employment screening companies.
The Fair Credit Reporting Act (FCRA) requires each of the three
nationwide consumer reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.
Consumer reporting companies are very diverse information marketing enterprises.
If you dispute
the consumer reporting company's account even after the reinvestigation, make sure that your credit report includes your summary of the problem.
You can get a free copy of that report from
the consumer reporting company if you ask for it within 60 days.
If your credit report has inaccurate information,
the consumer reporting company is required to investigate items that you dispute.
If so, the lender has to tell you that, and give you the name, address, and phone number of
the consumer reporting company that provided the information.
If you find errors, dispute them with
the consumer reporting company involved and tell the lender about the dispute.
The companies that supply inaccurate information to
the consumer reporting company also must reinvestigate the items you dispute.
To get your annual free credit report the three nationwide
consumer reporting companies have set up one central website, toll - free telephone number, and mailing address through which you can order your free annual report.
Consumer reporting companies must maintain a record of all creditors who have asked for your credit history within the past year, and a record of individuals or businesses that have asked for your credit history for employment purposes for the past two years.
Under the FCRA, both
the consumer reporting company and the information provider are responsible for correcting inaccurate or incomplete information in your report.
When you place an Initial Fraud Alert on your credit report, you're entitled to order one free credit report from each of the three nationwide
consumer reporting companies, and, if you ask, only the last four digits of your Social Security number will appear on your credit reports.
If an investigation doesn't resolve your dispute with
the consumer reporting company, you can ask that a statement of the dispute be included in your file and in future reports.
To take advantage of all your rights under the FCRA, contact
the consumer reporting company and the information provider if you see inaccurate or incomplete information.
You also can ask
the consumer reporting company to provide your statement to anyone who received a copy of your report in the recent past.
The Fair and Accurate Credit Transactions Act of 2003 (FACT Act), requires each of the nationwide
consumer reporting companies — Equifax, Experian, and TransUnion — to provide individuals with a free copy of their credit report, upon request, once every 12 months.
If the provider reports the item to
a consumer reporting company, it must include a notice of your dispute.
If this happens to you, write to
the consumer reporting company and the creditor that provided the information, detailing the inaccuracy.
Recent amendments to the FCRA expand consumer rights and place additional requirements on
consumer reporting companies.