YOU ARE HERE: LAT HomeCollectionsCredit Bureaus

Credit Bureaus

February 24, 2008 | David Colker, Times Staff Writer
Why get identity theft protection for free when you can pay for it? That seems to be the attitude of a number of companies, including Lifelock Inc. Known for the TV ads in which its chief executive displays his Social Security number for all to see, Lifelock sells for $10 a month a package of credit fraud alert tools that people can easily set up for themselves at no cost with one of the major credit reporting bureaus, including Experian Information Systems.
October 29, 1998 | From Bloomberg News
A division of Santa Ana-based First American Financial Corp. agreed Wednesday to settle U.S. Federal Trade Commission allegations that it didn't give consumers a fair chance to dispute inaccurate credit reports. The FTC charged that First American Credco Inc., the largest U.S. provider of specialty credit reports, routinely failed to investigate disputed credit information as federal law requires.
If you're among the millions of Americans whose credit histories aren't quite perfect, answer these two questions: * Have you been trying to improve your credit standing by scrupulously paying your mortgage and credit card bills on time every month? * Would you be upset to learn that your solid, on-time payment performance isn't being documented anywhere and therefore won't help you get a lower interest rate the next time you apply for a home mortgage or an equity loan? Get ready to be upset.
A credit card scam left Bonnie Guiton feeling that she had been victimized twice--first by forgers and then by one of the nation's largest credit bureaus, TRW Credit Data Division. Canceling the forged Visa card and having $5,000 in fraudulent charges erased was simple enough, but she says her anger flared anew when she found that the incident had ruined her TRW credit report. "Why should the consumer have the responsibility of smoking out all the credit bureaus?" Guiton asks.
July 28, 2000 | LIZ PULLIAM WESTON
Cleaning up your credit report is no easy task. The growing importance of credit scores and the rise in identity thefts, however, mean that reviewing--and, if necessary, fixing--credit files should be an annual ritual for most of us. For those with good credit, the chore is equivalent to checking your home's rain gutters before winter. You may face a little cleaning up, but it could help you avoid major damage. For those with poor credit, the assignment will be more onerous.
July 15, 1998 | From the Associated Press
Lance Clem says his credit record once showed a store that no longer existed had closed an account he never had. It took him more than two years to erase that smudge on his credit. His phone calls to credit bureaus ended up where so many phone calls go to die--in some impenetrable answering system. Letters didn't help. "They just weren't paying any attention to me," said Clem, of Denver. Now they must.
August 25, 1996 | From Associated Press
Consumer groups, regulators and industry representatives provided suggestions for combating identity fraud last week as the Federal Trade Commission convened a conference to look into what many believe is the latest credit fraud epidemic. "I think it's fair to say that identity fraud goes to the very heart of the issue of personal privacy. It involves the theft, the misuse, the destruction of an individual's good name and reputation," Commissioner Janet Steiger said.
April 14, 1989 | From the Washington Post
Commissioner Dorcas R. Hardy moved Thursday to bar credit bureaus and banks from using Social Security's massive data files to verify Social Security numbers for commercial purposes. "I have decided after consulting with the policy council and office of general counsel to halt providing negative verifications of Social Security numbers to financial and credit institutions," Hardy said. She said her order would bar the Social Security Administration from processing magnetic tapes containing 140 million names and Social Security numbers submitted by TRW Credit Data, whose operations include gathering information for credit purposes, to determine which names have incorrect Social Security numbers.
December 13, 1988 | RICHARD SIMON, Times Staff Writer
Owners of a defunct Encino company were ordered Monday to refund money to former customers after pleading no contest to charges of falsely promising to provide help in resolving credit problems. Hector Albert Sectzer, 37, of Chatsworth and Ed Peltekian, 25, of Simi Valley entered the plea on behalf of their former business, Credit Improvement Bureau, which operated at 16027 Ventura Blvd., Deputy City Atty. Ellen R. Pais said. Municipal Judge D.
Los Angeles Times Articles