EasyBadCreditRepair.com

TrueCredit is a service provider connected to TransUnion but it monitors the credit solution for the three major credit bureaus: Experian, Equifax and TransUnion. An advantage of using TrueCredit’s services is when you request for a copy of your credit report this does not have any negative effect on your credit score.  Another advantage is that you can request for an updated copy of your Equifax and Experian credit reports every 30 days as oppose to the usual free credit reports. You can also update your TransUnion credit report and credit score once a day. TrueCredit is valuable to people who need a little work on their credit scores.
TrueCredit has new features to help consumers in monitoring their credit report:

• Instant message updates
• Insurance scores
• Mortgage Simulator
• Change checker
• Chat live with virtual agent
• Offers customer support through toll free number
• $25,000 ID theft insurance

The insurance score monitoring allows you to see the basis of the rates that you need to pay insurance companies with. The change checker takes a quick snap shot of your current activity on your credit report. Within 24 hours you will be send an email for any key changes in your credit report. TrueCredit only offers monitoring of credit reports but it does not offer any solutions if there is anything wrong with your credit score or report.

You will be surprise what you can dig in such as having incorrect information on all three credit bureaus. You can easily challenge any errors that you may have like incorrect past addressed or old collection accounts that have already been paid. TrueCredit charges $15 for its services may save you time, money and effort.  This is good savings since if you place a request for your credit report with the credit bureau you need to pay them $50. TrueCredit allows you to freeze and unfreeze your credit report if you find any suspicious activity so identity thieves beware! Knowing your credit score will save you from making several bad decisions such as when good credit card offers abound and you decide to apply for each one of them to see offers the best deal and later you find out that your credit score has been affected because of your numerous applications.

TrueCredit allows you to make your car loan and purchase at the right time when you got a good credit score. You can receive a better car deal with higher interest rates. TrueCredit is offering a 7 day free trial that will allow you to try their service and see your credit report and score for no charge.

The three major credit bureaus maintain records of all of the citizens’ financial payment history. These credit bureaus determine your credit score by using FICO (Fair Isaac Corporation) scoring systems. These credit reporting bureau sells the information that they collect (consumer report) to creditors so that these creditors can be guided on whether they can offer you credit or not. The Fair Credit Reporting Act (FCRA) regulates the activities of the three credit bureaus.

These three major credit bureaus collect the information independently so your credit reports may be different from one credit bureau to another.  Lenders do often request reports from each of these agencies so that they can get your complete financial profile. You can file for a True Credit 3-in-1 Credit Report which allows you to see the all the three credit reports from these respective bureaus. What you see from this report is your creditworthiness which is the same thing that your potential lender sees.

You have no cause for worry if you have a good credit report. You may be able to obtain credits to purchase goods and services, apply for a home mortgage loan, and apply for insurance and employment. However, the same information from these credit bureaus may be used against you. Check your credit reports annually so that you will know what personal information was given to your creditors.

Hard inquiry is when the lender makes an inquiry to one or the three major credit bureaus regarding all the information of your credit history. The information that the lender gets will influence his decision if they will lend you or not. Soft inquiry is when you do your own inquiry regarding your own credit history. If there are many hard inquiries done on your behalf this negatively affects your credit score so apply for a credit loan in moderation.

The contact details of these three major credit bureaus are:

1. Equifax: 800-685-1111 (general) or 800-525-6285 (fraud); P.O. Box 740241, Atlanta, GA 30374; www.equifax.com
2. Experian: 888-397-3742 (general and fraud); PO Box 2002, Allen, TX 75013, www.experian.com.
3. TransUnion: 800-888-4213 (general) or 800-680-7289 (fraud); P.O. Box 2000, Chester, PA 19022; www.transunion.com

Let us discuss about each of these three credit bureaus:

• Equifax is the oldest credit bureau in the United States, they started 1899. They manage the credit histories of individual consumers and businesses. Equifax offers security freeze on reports which prevents inquiries from being made for a certain period of time.
• Experian began credit reporting in the United States in 1996. They collect data from lenders, telecommunications and motor vehicle departments. Experian also offers fraud protection services and they operate in more than 65 countries worldwide.
• TransUnion began in 1968 but started as parent company for a rail car leasing operation. They only begun credit reporting services in 1969 when they purchase Credit Bureau of Cook County. They begun full coverage of the United States in 1988. TransUnion acquired TrueCredit.com in 2002 which offers report monitoring, fraud and identity theft services directly to consumers. TransUnion operates in 24 countries aside from the United States.

TrueCredit is a credit monitoring service offered online by TransUnion. For $14.95 of monthly payments you will receive all of the three credit reports containing your credit scores plus credit monitoring as well.  TrueCredit will alert you when there are changes in your credit report be it positive and negative so that it can be easier for you to remedy a situation just in case you need to repair your credit or you are planning to file for any type of loan. TrueCredit offers a 7 day free trial when you sign up.

As a TrueCredit subscriber you can avail of the articles and tools that come with your service so that you can manage your credit better. Before you apply for any loan preparing your credit rating is important and crucial to help you negotiate on a better deal and lower interest rates. TrueCredit assist you to all of this and will also help you file a dispute against a credit bureau that has made a wrong tally of your credit score.

Your credit score can affect your ability to get a mortgage, insurance, house loan and a job. It is always wise to stay on top of keeping your credit score and report in a healthy state. People are taking an active stance on taking charge of their finances with the help of services like TrueCredit.  Some companies may struck a seemingly good deal with you to monitor your credit reports and score and yet amidst all that they do not stand and deliver but rather sneak in an overpriced recurring charges for monitoring. TrueCredit is different from them since this company provides transparent service.

In their website TrueCredit states what services you will get if you avail of their offer:

• Unlimited access to your credit reports and credit scores fast and secure
• 24 hour notification of changes in your credit report
• $25,000 ID theft insurance at no added cost
• TransUnion, Experian, Equifax monitoring
• Free trial period

You can choose to do self monitoring of your credit reports and scores but you ran a great risk because something might be happening in the next few months’ without you knowing what it is until it cost you your finances. If you have the help of TrueCredit monitoring you will be able to have the advantage of being warned in advance so that you can look for measures to repair any damage on your credit history. TrueCredit was reviewed and was found to be a leader in the field of accurate credit reporting since they immediately send notifications via email aside from the easy account set up. TrueCredit’s history shows that it is a company that is dedicated towards improving their service.

In 1968, TransUnion was created as the parent holding company of Union Tank Car Company, a rail car leasing company. They started as collecting manual business intelligence information about consumers. In, 1969 after purchasing Credit Bureau of Cook County (CBCC) a credit reporting agency was born by the name of TransUnion. After they acquire CBCC, they began to replace the accounts receivable data with automated tape-to-disc transfer, which cut the cost and saved the time in updating consumer files by leaps and bounds.

They also introduce the first online information storage retrieval data processing system. This system gave creditors access for fast and valuable consumer credit information. In the 70s and 80s, TransUnion has expanded their facilities and capabilities by investing in technology. Because of this in the late 80s they were able to achieved full coverage of the United States. They are maintaining the credit records of individual market active consumers in the country. TransUnion’s business soon expanded upon the purchase of major city credit bureaus, with service agreements with local owners of bureaus not for sale. In 1981 The Union Tank Car Company sold TransUnion to the Marmon Group.

In the 90s, TransUnion extended their operations beyond the credit reporting industry. They have branch out by offering real estate solution to lenders by offering them access about prospective real estate clients.

In 2002, TransUnion joined the direct-to-consumer market by acquiring TrueCredit.com. Right now they are helping millions of consumers by protecting and improving their credit through the help of TrueCredit.com Presently, TransUnion operates in 250 offices across America and 24 other countries and five continents as well. Right now they are based in Chicago, Illinois. TransUnion’s main business is based on credit reporting and data services for businesses. This company sells credit reports through Truecredit.com. They also do employment screening thru their PEER (Pre-Employment Evaluation Report). Aside from these services they do healthcare evaluations and a whole range of data-driven business risk management solutions.

Consumer lenders such as banks, credit card companies and credit unions use the information that TransUnion gathers to compare their consumer credit worthiness and credit risk. A good credit score can help these lenders guarantees them that their borrowers can pay them back.
Aside from consumer credit reporting, TransUnion provides other services such as identity theft protection, fraud protection and credit monitoring. TransUnion is required to investigate allegations of discrepancies on their consumer reports. An individual’s credit report is affected by his overall credit score so if a discrepancy is found, the individual can file for a dispute.

To obtain a free credit report from TransUnion individuals can visit their website and click “Free Credit Report”. The actual credit score as reported by each agency is not included in the annual free credit report. Individuals can pay a company’s fee to get their credit score or to directly to their lenders. TransUnion’s website also provides contact information should consumers need to place a “fraud alert” on their report because of identity theft or fraud.