Repair My Credit Rating: The Big 3 Consumer Credit Score Reporting Services To Watch Out For

Any person that is making plans to repair their credit rating ought to comprehend a few factors regarding the "Big 3".

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

The key reason why?

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

That's right...

Were you aware that it is actually estimated that the big 3 generate 7 times more income simply by reporting poor credit compared to reporting a good credit rating.

I can sense a bewildered look and so let me explain...

The top 3 generate income every time a prospective lender draws a credit rating for anyone just like you or me looking for credit.

1. It is estimated that someone with a bad credit score attempts 7 times to obtain credit before gaining approval whilst somebody with good credit applies just once and gets approved right away.

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

3. The Big 3 sell all of our contact data to prospective lenders who want to pack your mail box and my mail box with junk mail offers.

You now know how they obtained your name and address.

They generate billions from reporting poor credit.

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

There is however even worse - the Big 3 might in reality flag your legitimate disputes as frivolous therefore shutting you out from obtaining the accurate reporting that you lawfully deserve.

Plainly the 3 main credit rating organizations are not that interested in helping you to improve your credit rating.

Successful credit repair is not just about dispute letters that is barely one part.

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