What are the 3 Credit ReportsSo what are the three credit reports?
Johnny Oliver Credit Reports
that credit reports have a ridiculous effect on our life. Credit bureaus - the largest of which are TransUnion, Experian and Equifax - and the results they provide for individual clients are of course important, especially considering how they are used. "It' not just a bank that decides if they want to loan you money," Oliver said.
This is particularly difficult when you consider how error-prone credit reports can be. Mr Oliver pointed to a 2013 Federal Trade Commission survey showing that 25% of credit reports had flaws and 5% were severe enough to impair the capacity to borrow. Those flaws can be as small as a credit cardholder error report, as big as a false ID, mistakenly referred to as a criminal of terrorism or sex, and even pronounced corrupt if you live.
"Only one mistake on your credit record, and all of a sudden the whole wide open class treated you like a mean little gal treated the high-school debate team," Oliver said before he imitated a teenage girlfriend who said, "You're nothing, Amberly. Credit bureaus would rather focus on the 95% of reports that do not contain serious mistakes. As a reaction to this, Oliver chose to give a prospect.
"If you keep a record for more than 200 million listeners, that 5% failure affects 10 million," Oliver said. So Oliver decides to find a way to show the agency how horrible mistakes can be. "We' ve created three horrible businesses with name similar to theirs," he said.
Look at Oliver's takeover of credit reports below:
Expert and Yodlee input credit report / aggregate agreement
The credit bureau Experian and the bank giver Yodlee have signed a partner contract to merge and commercialise their offering of finance product and service. As part of the deal, Experian will provide Yodlee's permission-based accounting aggregate solutions for its current direct-to-consumer offerings at www.experian.com and its partner websites. Clients can see, browse and administer all their finance assets on a personalized website.
Yodlee in turn will integrate Experian's credit risk mitigation capabilities into its portfolio of aggregate banking and portal solutions. This includes face-to-face credit reports, credit checks, credit risk assessment, credit risk assessment, credit risk assessment, credit risk assessment, credit management tools and comprehensive credit training. Clients will also be informed of any new activity in their credit files as an important preventative action against ID thievery.
Yodlee Chairman and CEO Anil Arora said, "Credit risk mitigation, coupled with bank consolidation that enables customers to better understanding and managing their present life, makes this a best-of-breed approach that enables customers to most efficiently monitor their ability to meet their changing economic needs. Experian Alton Adams, president of databases at Experian:
"Experian is the first credit information company to provide this high performance finance information tools to the consumer as a result of this strategy."