I want to know if being a US citizen, with a socia security number allows credit bureaus to report information on me and make a credit file because I just want to know what law allows them to do this and if there is anything I can do to remove my information from the credit bureaus, or can I control what credit bureau gets what information?
The government has too much control.
2007-11-29 06:57:40 · 7 answers · asked by mstdean518 2 in Business & Finance ➔ Credit
OC1999 is correct.
The credit reporting agencies are in no way part of our Government.
The only way to not have information reported to them is to never fill out a application for any type of credit in your life, because once you do you have agreed to the creditors you applied with to report your account information to the credit bureaus.
As far as removing information as long as the information is correct you can not legally have it removed.
2007-11-29 07:32:14 · answer #1 · answered by ? 7 · 0⤊ 0⤋
They are just Credit REPORTING Agencies, they are private companies and not part of the Government. Although they must follow specific government regulations such as the Fair Credit Reporting Act in the information they do keep.
The only way to keep your history from these companies is to never have a history. This means never apply for or use any credit. Once you apply and use credit the company you are getting the credit from will report you to the companies. But once it is on your file, you can not remove valid information until the reporting period for that information has passed. For example, negative information such as Charge-Off's are allowed to only be reported for 7 years from the date of the First Delinquency. Past that time that listing must be removed.
2007-11-29 07:20:02 · answer #2 · answered by OC1999 7 · 0⤊ 0⤋
You could try putting a freeze on your credit report at all three credit bureaus. They will still collect information on you but the freeze keeps them from supply that information to others. Of course, this can be a problem if you apply for credit, car insurance, or a new job.
2007-11-29 07:18:04 · answer #3 · answered by bdancer222 7 · 0⤊ 0⤋
You can only dispute errors on your credit report and ask to have them removed. You cannot stop the credit bureaus from reporting anything. They are there for a reason. If we all could control what they reported, they would be a big waste.
2007-11-29 07:03:58 · answer #4 · answered by Emanon 6 · 1⤊ 0⤋
No, there is no way. You can only remove incorrect information.
The government may have too much control, but the credit reporting bureaus are not government agencies, nor are they funded by the government.
2007-11-29 07:06:54 · answer #5 · answered by Anonymous · 2⤊ 0⤋
No, nothing you can do, If there was no one would allow them to maintain a database on their credit history. Credit reporting companies are private companies. Not government agencies.
2007-11-29 07:05:53 · answer #6 · answered by Jan Luv 7 · 2⤊ 0⤋
Well, they shouldn't have any information on you unless you've applied for credit. If you've applied for credit then the lender has the right to report that information on you. If you've never applied for credit, then no, they have no right to have any of your information.
2007-11-29 07:01:30 · answer #7 · answered by Tracker 6 · 0⤊ 0⤋