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

Anyone who may be making plans to repair their credit rating has to fully understand a few facts about the "Big 3".

The Big 3 credit scoring agencies are Equifax, Experian and Trans Union and they actually do not want you to improve your credit.

Why?

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

That's right...

Do you know it is calculated that the big 3 make 7 times more money by simply reporting poor credit than for reporting a good credit rating.

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

The Big 3 make money each time a prospective lender pulls a credit rating for anyone like you or even me wanting credit.

1. It is estimated that a person with low credit score attempts 7 times to get credit before gaining approval whilst a person with a favorable credit record applies only once and gets approved straight away.

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

3. The Big 3 sell our contact data to prospective creditors who would like to fill your mail box and my mail box with junk mail offers.

Now you know how they acquired your name and address.

They generate billions off reporting poor credit.

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

But there is even worse - the Big 3 might in fact flag your legitimate disputes as frivolous therefore shutting you out from getting the accurate reporting you legally deserve.

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

Effective credit repair is not only just about dispute letters that is only one part.

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