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Mar15

Credit Bureaus: Understand How They Affect YouThese Agencies Can Profoundly Impact Your Financial Standing

Credit Bureaus: Understand How They Affect You

Posted: March 15, 2013 by Rachel Shepard

Credit bureaus are agencies that research and collect consumers’ credit information. In the United States there are three primary credit reporting agencies: Experian, Equifax and TransUnion. Utilizing standard computations, these agencies collect information and tabulate it in a numerical equation that results in an individual’s credit score. It is important for you to understand not only what credit bureaus collect but also how these reporting agencies can personally impact you.

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