There are generally two reasons consumers need to contact credit reporting agencies. Credit reporting agencies can be contacted to obtain a free credit report or the credit reporting agencies may be contacted to handle a credit report dispute. To contact a credit reporting agency in order to obtain a free copy of your credit report, the best method is to use the website set up to make these requests for all three of the major credit reporting agencies. The three major consumer credit … [Read more...]
Importance of Credit Scores Underscored with FTC Congressional Subcommittee Testimony
April 1, 2010 By Leave a Comment
Credit scores have become increasingly important in our lives, whether we like it or not and their importance and impact is almost certainly going to expand not diminish. The Federal Trade Commission just recently presented a report to the U.S. House Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services regarding actions by the FTC that cover the accuracy of consumers’ credit reports, preventing identity theft, and giving consumers a better … [Read more...]
Fed Announces Rule Changes for Marketing Free Credit Reports
February 25, 2010 By Leave a Comment
The confusion over the marketing of free credit reports by companies that require a subscription to a credit monitoring service or other related products and services to receive the free credit report has resulted in intervention by the Federal Trade Commission. Numerous consumers have seen advertisements touting free credit reports. Most of these advertisements have small disclaimer that explain that there is a requirement that the consumer sign up for a credit monitoring service or … [Read more...]