Q.What type of information do credit bureaus collect and sell?
A.Credit bureaus collect and sell four basic types of information, including:
- Your identification and Employment Information. This routinely includes your name, birth date, Social Security Number, employer, and spouse (if any). It may also include information about your employment history, home ownership, income, and previous addresses, if a creditor requests this type of information.
- Payment History. This generally includes a list of your accounts showing how much credit has been extended and whether you have paid on time.
- All creditors who have asked for your credit history. Credit Bureaus are required to maintain a record of all creditors who have asked for your credit history within the past year, and a record of those persons or businesses requesting your credit history for employment purposes for the past two years.
- Information of Public Record. Credit bureaus may also include events that are a matter of public record, such as bankruptcies, foreclosures, and tax liens.
the three main credit bureaus are equifax, experian, and transunion. the credit bureaus will share your loan application, credit report, credit reports. credit score can affect a business loan, credit scores impact on business loans