Credit Report Agencies

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Credit Bureaus and other Credit Report topics.

What does a credit reporting agency do?

Credit Report Agencies

Getting credit used to be more complex since there wasn't always an easy way to access credit history information without contacting each lender directly. This led to a point where local credit agencies tracked information about you in that region. Now, a financial institution can easily find out everything they need to know about you by contacting any of the three big credit report agencies.

While they all compete against each other, many financial institutions report your information to each one on a regular basis. This allows your credit report to be reviewed no matter where you go in the United States.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Credit Report Tip Site? Request a Tip Now!


Guru Spotlight
Sheri Ann Richerson