Abolish the three credit bureaus - Equifax, Experian, and Transunion
Millions of American's lives have been ruined by the credit bureaus and their is nothing they can do about it.
* THIS IS VERY LONG, PLEASE READ ALL OF IT - IMPORTANT. *
Hi,
I am a former homeless person. I was homeless for approximately 2 1/2 years. A big part of why I was homeless was that I could not get a job. Part of why I could not get a job was that I had a bad credit score. I learned that the three credit bureaus can say just about anything they want about you and there is little, if anything you can do about it.
Yes, you can send in a letter to any credit bureau disputing a particular item on your credit report. Do they have to take that into account - NO. I disputed one item on my credit report and even sent in a copy of a letter from the company that put the item on my report telling the credit bureaus to remove it. The credit bureaus did not remove the item despite being instructed by the company ( Montgomery Wards) to do so. It stayed on my credit report for the full 7 years.
Also, if you are unemployed, broke, homeless, in the hospital for an extended period (Heaven forbid) and you can't pay your bills for lack of money - all the credit bureaus are going to say is "Pay your Bills". They do NOT, repeat NOT, take any of these items into account when putting items on your credit report.
I CHALLENGE ANY PERSON WORKING AT ANY CREDIT BUREAU TO ANSWER THE FOLLOWING QUESTION:
HOW DO YOU PAY YOUR BILLS WHEN::
1) YOU HAVE NO INCOME OF ANY KIND..
2) YOU HAVE NO MONEY.
3) YOUR TOTAL FINANCIAL WORTH IS $0.00.
AGAIN, HOW DO YOU PAY YOUR BILLS UNDER THESE CONDITIONS?
Answer is you don't. You don't like it but all you are trying to do is survive. You take every penny you make and spend it on housing, food, and, if you still have one, your car so that you will have a much better chance of getting a job.
For various reasons I have gone through 15 years of bad times. I kept going down and down. I would get a job that would last almost long enough for me to get back on my feet and then lose that job, for a variety of reasons. During this time I was doing exactly what I said, I paid for housing, food, and gas for my car (luckily it was paid off). Yes, I could have sold the car, but I didn't and I have since learned (the hard way) how much harder it is to get a job if you use public transportation.
Did I like it - no. I used to have a good credit score. Not the best, but good enough to get approved for a new car in ONE DAY in Odessa, Texas in 1991 by GMC financing. The person who appoved me bowled in a league that I bowled in and the same night that I applied for the car he came up to me and asked if I had applied for a car and I said yes. He told me he was the one who approve my application and said, and I quote "You were easy to approve."
So you don't need the credit bureaus to get approved for something. But they can sure mess you up.
During these 15 years I struggled to survive. I plead guilty to surviving. The result - My credit score dropped almost 150 points. I do NOT deny anything on my credit report, I just
Hi,
I am a former homeless person. I was homeless for approximately 2 1/2 years. A big part of why I was homeless was that I could not get a job. Part of why I could not get a job was that I had a bad credit score. I learned that the three credit bureaus can say just about anything they want about you and there is little, if anything you can do about it.
Yes, you can send in a letter to any credit bureau disputing a particular item on your credit report. Do they have to take that into account - NO. I disputed one item on my credit report and even sent in a copy of a letter from the company that put the item on my report telling the credit bureaus to remove it. The credit bureaus did not remove the item despite being instructed by the company ( Montgomery Wards) to do so. It stayed on my credit report for the full 7 years.
Also, if you are unemployed, broke, homeless, in the hospital for an extended period (Heaven forbid) and you can't pay your bills for lack of money - all the credit bureaus are going to say is "Pay your Bills". They do NOT, repeat NOT, take any of these items into account when putting items on your credit report.
I CHALLENGE ANY PERSON WORKING AT ANY CREDIT BUREAU TO ANSWER THE FOLLOWING QUESTION:
HOW DO YOU PAY YOUR BILLS WHEN::
1) YOU HAVE NO INCOME OF ANY KIND..
2) YOU HAVE NO MONEY.
3) YOUR TOTAL FINANCIAL WORTH IS $0.00.
AGAIN, HOW DO YOU PAY YOUR BILLS UNDER THESE CONDITIONS?
Answer is you don't. You don't like it but all you are trying to do is survive. You take every penny you make and spend it on housing, food, and, if you still have one, your car so that you will have a much better chance of getting a job.
For various reasons I have gone through 15 years of bad times. I kept going down and down. I would get a job that would last almost long enough for me to get back on my feet and then lose that job, for a variety of reasons. During this time I was doing exactly what I said, I paid for housing, food, and gas for my car (luckily it was paid off). Yes, I could have sold the car, but I didn't and I have since learned (the hard way) how much harder it is to get a job if you use public transportation.
Did I like it - no. I used to have a good credit score. Not the best, but good enough to get approved for a new car in ONE DAY in Odessa, Texas in 1991 by GMC financing. The person who appoved me bowled in a league that I bowled in and the same night that I applied for the car he came up to me and asked if I had applied for a car and I said yes. He told me he was the one who approve my application and said, and I quote "You were easy to approve."
So you don't need the credit bureaus to get approved for something. But they can sure mess you up.
During these 15 years I struggled to survive. I plead guilty to surviving. The result - My credit score dropped almost 150 points. I do NOT deny anything on my credit report, I just
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