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Repair My Credit Rating: The Top Three Consumer Credit Score Reporting Services To Watch Out For

Author: Craig

Anybody that is making plans to repair their credit rating ought to fully understand a few things about the "Big 3".

The Big 3 credit scoring agencies are Equifax, Experian and Trans Union and they in fact do not want you to fix your credit.

Exactly why?

Simply because the big 3 are private, for profit companies and these private for profit corporations generate billions from reporting poor credit.

That's right...

Did you know that it is calculated that the big 3 generate seven times more money simply by reporting poor credit compared to reporting a good credit score.

I can sense a puzzled look so allow me to explain...

The top 3 generate an income each time a potential lender draws a credit rating for someone like you or even me looking for credit.

1. It is determined that a person with poor credit attempts 7 times to obtain credit before receiving approval whereas a person with a favorable credit record applies just once and gets accepted immediately.

2. The Big 3 charge lenders every month for reporting bad creditor accounts.

3. The Big 3 sell all of our contact details to potential creditors who would like to pack your mail box along with my mail box with junk mail offers.

Now you know how they obtained your name and address.

They make billions from reporting poor credit.

When the credit dispute companies, or you either fire off rounds of dispute letters or even are sent "verified as accurate" response letters this is actually the Big 3 blowing you off.

But there is worse - the Big 3 might in reality flag your legitimate disputes as frivolous thus shutting you out from getting the accurate reporting you lawfully should have.

Obviously the 3 major credit rating organizations are not that interested in wanting you to improve your credit rating.

Effective credit repair is not only just about dispute letters that is barely one aspect.

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