Today, there are numerous consumer credit bureau and agency that will come to you regarding you as consumer in all your dealings with them. There are many credit bureau agencies that have more recent versions of the Better Business Bureau Act (BBBA). They are authorized to keep your credit records and information in clear view, and to give you written reports that will inform you of any changes in your debt status in the future. This is because they are working with the agency to “prove” you healthy debt. However, the BBBA requires that a bureau or an agency must get written permission from the consumer before doing anything.
The Consumer Credit Reporting Agencies (CCAs), on the other hand, are prohibited from providing consumer’s information to any third party unless they obtain their permission first. The CCA states (pdf):
Nothing in this Act shall be construed to prevent the reporting of credit information by non-citizen reporting agencies who knowingly obtain the information at their own expense, such as, but not limited to, the Department of Justice.
When you request the reports of someone else from an agency, you have certain additional protections against damaging your credit report.
How the Fair Isaac Corporation helps consumers by compiling and analyzing cases and data relevant to their cases
Fair Isaac Corporation is a national, nonprofit, and fully-paid credit-reporting and free-market organization, which provides free information about businesses, individuals, and small businesses, as well as legal changes that may impact the accuracy or timeliness of the reports you receive. To file a dispute about a credit report you received, simply fill out the complaint form and send it certified mail. You can dispute information in your file free of cost, provided you send in at least 25 mailed notices.
To get additional instant-credit-reporting credit reports from Equifax, Experian, and TransUnion, contact the individual companies through Web sites maintained by Experian and Equifax, as well as by mail. You can even send in your contact information online or over the phone for consumer advocacy groups and other nonprofit organizations.
You can request a free daily summaries of your complaints at the end of each monthly billing statement. The daily summaries give additional links to third-party files maintained by the Fair Isaac Corporation.
When you bring in complaints about the kinds of charges your company is breaking into and/or the names, addresses, and phone numbers of interested parties, you can expect to learn a lot about the company and the people it’s breaking up with. The complaints that end with ‘fines’ and ‘lack of compensation’ are the ones that the Fair Isaac Corporation values the most. This information, along with information about the categories of charges you bring in, is why you should bring it when you’re really only bringing in general consumer complaints.
When you’re sorting through information, you should realize that your Fair Isaac Corporation report can change over time, and it has certain protections that apply when you get it. Be certain to read through the full agreement with the company you decide to bring in ‘junk data.’ These files are exactly what you need to know about the various companies that conduct credit repair:
Consumer Assistance Reports
If you notice a mistake on your report and the credit reporting agency is unaware of it, you can just report it and the error will be removed from your file automatically at no charge.
The Federal Trade Commission has laws in place to protect consumers from businesses that use your information without your express written permission.
There are certain types of disputes and credit repair that can be done under the Fair Isaac Corporation’s ‘Consumer Assistance Agencies’. These agencies are nonappointed, legally-appointed non-affiliated counsels who are free to do whatever they want with any information about anyone they like under their control, and have not made a policy on treating any other organization as your source. They may investigate your dispute, find that you’ve paid a fee for such an investigation, or even charge you to resolve the dispute. The final decision of the FTC investigation can be decided later on by you or the agency.
You also can ask for an investigation of any charges that appear on your report, unless there are facts to support a contrary result. The Equal Rights Act states that a ‘Notice of Rights’ can be filed with each of the three national consumer reporting companies – Equifax, Experian, and TransUnion.
If the agency tells you they’ll investigate your dispute – but you win’ or they allow the investigation – they will accept compensation for your effort – even if you lose the lawsuit.