Repair My Credit Rating: The Major Three Consumer Credit Score Reporting Agencies To Look Out For

Anybody who may be making plans to repair their credit rating ought to know a few facts regarding the "Big 3".

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

Exactly why?

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

That's right...

Do you know it is actually approximated that the big 3 generate 7 times more money by simply reporting poor credit compared to reporting good credit.

I can sense a bewildered look and so allow me to explain...

The top 3 generate profits each time a prospective lender draws credit for anyone just like you or even me looking for credit.

1. It is estimated that a person with low credit score attempts 7 times to obtain credit before getting approval whilst somebody with a good credit rating applies just once and gets approved immediately.

2. The Big 3 charge credit card companies every month for reporting bad creditor accounts.

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

Now you know how they acquired your name and address.

They generate billions from reporting bad credit.

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

But there is even worse - the Big 3 might in reality flag your valid disputes as frivolous therefore shutting you out from obtaining the accurate reporting you lawfully deserve.

Obviously the 3 main credit rating organizations are not that keen on helping you to improve your credit rating.

Successful credit repair is not only about dispute letters that is barely one element.

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