Learn more about the credit bureaus and the unknown “VIP’ list!

June 2011

The Credit Bureaus have a VIP list

By | June 2nd, 2011|Credit Bureaus, Equifax, Experian, Transunion|

Published May 17, 2011 | FoxNews.com Sen. Dick Blumenthal wants explanations from the three credit rating bureaus about a New York Times report about a VIP list they allegedly keep that favors the rich and famous over everyone else. The Connecticut Democrat wrote a letter Monday to Equifax, Experian and TransUnion about the reported separate system in which errors and disputes are resolved faster and with more attention than with other consumers, who must rely on an automated system and outsourced customer support to clear up mistakes. “I am deeply troubled by the implication that your companies are neglecting the majority of consumers and providing preferential treatment for wealthy, famous or well-connected persons, and I ask you to confirm or deny these reports and provide more information on your dispute resolution process,” he wrote in the letter. […]

October 2010

FICO or FAKE-O credit scores

By | October 12th, 2010|Credit Bureaus, Credit Score, Equifax, Experian, FTC, Transunion|

Experian and Transunion have been playing the game for some time but now Equifax has jumped into the selling of FAKE-O credit scores. They just couldn’t hold off adding this USELESS product to add to their bottom line! Now all three of the credit reporting agencies are in the business of pushing the FAKE credit scores to the unknowing consumer who thinks they are buying their FICO scores. Shame…Shame…Shame is all I can say. I mean really what is the purpose in selling you a credit score that not one single lender cares about?   […]