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Credit Bureaus

BUSINESS
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.
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BUSINESS
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.
REAL ESTATE
February 6, 2000 | KENNETH R. HARNEY, SPECIAL TO THE TIMES
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.
NEWS
July 22, 1991 | CHRIS WOODYARD, TIMES STAFF WRITER
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.
BUSINESS
September 6, 2013 | By Kenneth R. Harney
WASHINGTON - Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they'd have to wait for years before owning again. Fannie Mae, the federally controlled mortgage investor, has come up with a "fix" designed to help large numbers of consumers whose short sales were misidentified as foreclosures by the national credit bureaus. Under previous rules, short-sellers would have to wait up to seven years before becoming eligible for a new mortgage to buy a house.
BUSINESS
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.
NEWS
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.
BUSINESS
January 27, 2013 | Liz Weston, Money Talk
Dear Liz: I paid all of my old collection accounts except for two, which now are beyond the statute of limitations. I would like to find the best way to negotiate with the collection agencies without getting sued. Even though the original delinquency was over four years ago, the agencies are reporting these every month as current debt, which is really hurting my credit score. My intent is to offer a lump-sum settlement amount if they will remove the report from my credit file with the bureaus, or alternately in return for a "paid" notation on my report file.
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