| The three major credit bureaus are in business for | | | | expense! |
| two main reasons only and those reasons are to | | | | This under reporting is a good reason for making sure |
| make money and be profitable for their shareholders. | | | | that your credit report is accurate and that there are |
| They make their money by selling consumer | | | | no older accounts on there that could drag your score |
| information to other businesses who lend money. With | | | | down further. |
| this information those businesses can assess the risk | | | | Accounts that are negative such as charge offs, |
| level of potential borrowers. | | | | collections and late payments can also be removed |
| What they do not make their money from is making | | | | but they will require a little more work on your part, but |
| sure your credit report is 100% factual and accurate, in | | | | they can be removed. The easiest way to get your |
| fact they do not even verify what they are reporting. | | | | credit score increased and your credit report cleaned |
| Different Credit Scores From Different Sources | | | | up is by doing self credit repair. This is a simple |
| In order to protect themselves against lawsuits the | | | | process but one that does require you follow a proven |
| credit reporting agencies will often supply customers | | | | method. |
| like mortgage brokers and car dealers with reports | | | | There are many online kits or books you can buy to |
| that have lower scores then you would get if you | | | | help you through the process. Just make sure any self |
| bought one directly from them. | | | | credit repair kit you buy has credit dispute letter |
| This is their way of safe guarding themselves from | | | | templates and a proven plan to follow as well as |
| any legal issues that could arise from defaulted loans. | | | | updated information! |
| They basically are protecting themselves at your | | | | |