MEDIA BUZZ! DID YOU KNOW...
WE
Equifax, Experian, and TransUnion each have more than 200 million files on consumers. In a typical month, they receive updates from approximately 10,000 information “furnishers,” which are the entities that supply data on consumers. The furnishers do this on more than 1.3 billion “trade lines,” which are individual information sources on a consumer report such as a consumer’s accounts for a car loan, mortgage loan, or credit card.
GOT
In February of 2013, 60 Minutes ran a report called “40 Million Mistakes: Is Your Credit Report Accurate?” The study indicates that as many as 40 million consumers have a mistake on their credit report. Plus, it’s hard to get them fixed.
NEWS
Most information contained in credit files comes from a small number of large banks and other financial institutions. In fact, the top 50 furnishers provide 72 percent. And the top 100 furnishers provide 76 percent.
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