Ready to report a judgement to the three major credit bureaus? Here’s what you need to know. Let’s begin with a definition. A judgement is a final decision made by a court of law in a lawsuit or criminal proceeding. Details related to a judgement are filed by a court […]
e-OSCAR and Credit Disputes: What You Need to Know if You Report Credit
November 29, 2019 By Leave a Comment
Everyone makes mistakes, even when it comes to reporting credit. In fact, at least 42 million times mistakes appear on consumer credit reports. A 2012 study by the Federal Trade Commission (FTC) found 20 percent of consumers have verified errors in their credit reports. In one in 20 of those […]
What Is e-OSCAR and Why Should You Care?
August 30, 2019 By Leave a Comment
As you learn more about reporting consumer credit to the bureaus, it’s easy to get lost in all of the industry’s terminology. Credit reporting is full of cryptic acronyms like CRA, DF, FICO, and FCRA. While each of those has a place in your credit reporting vocabulary, it’s important that […]
Take Your Automotive Loan Reporting on a Test Drive
August 7, 2019 By Leave a Comment
One of the fastest ways to determine a consumer’s loan risk is to research his ability to repay an automotive loan. Late payments? Missed payments? Refinancing? It’s all there on credit reports, and it can determine if the risk of making the loan is worth it. So how do you […]
Are There Still Only Three Major Credit Bureaus? Or Four?
July 26, 2019 By Leave a Comment
When the average person thinks about consumer credit reporting, usually only the “big three” credit bureaus immediately come to mind. Of course, Equifax, TransUnion, and Experian certainly gain the most media attention. Most lenders and consumer credit programs, including the Consumer Financial Protection Bureau, only mention these three bureaus. They’re […]