Discover What the Credit Bureaus Are Hiding
Did you know the credit bureaus PROFIT from mistakes on your credit report? Credit repair expert, Brian Diez, reveals what the credit bureaus are hiding and why.
Credit Repair Secrets
What the credit bureaus are hiding.
What the Credit Bureaus are Hiding
Here's the shocking truth why mistakes on your credit report are so common.
Did you know the credit bureaus profit from mistakes on your credit report? It's true. Let me explain.
When you submit a dispute to the credit bureaus, they send it to countries like Costa Rica, India, or the Philippines, where their employees enter the dispute into a system called E-Oscar for about .50 a dispute.
E-Oscar used to be an independently owned company until the big three credit bureaus bought it up in a joint venture.
The dispute is then sent to the creditor for verification. The credit bureaus, through E-Oscar, charge each lender .25 for this service.
The creditor checks their records, performing no investigation whatsoever, but merely checking to make sure the information was entered correctly, then they return the verification request.
It may not seem like a big deal until you consider that the average dispute has about 12 items. They're paying .50 cents to process, but earning $3 to the lenders. they net about $2.50 per letter. No w multiply that by the millions of disputes they process each month and you can see what a cash cow they have on their hands.
It's now wonder there are so many mistakes on your credit report. And to think they have the technology in place to fix all of them permanently.
This is also why hiring a
When you submit a dispute to the credit bureaus, they send it to countries like Costa Rica, India, or the Philippines, where their employees enter the dispute into a system called E-Oscar for about .50 a dispute.
E-Oscar used to be an independently owned company until the big three credit bureaus bought it up in a joint venture.
The dispute is then sent to the creditor for verification. The credit bureaus, through E-Oscar, charge each lender .25 for this service.
The creditor checks their records, performing no investigation whatsoever, but merely checking to make sure the information was entered correctly, then they return the verification request.
It may not seem like a big deal until you consider that the average dispute has about 12 items. They're paying .50 cents to process, but earning $3 to the lenders. they net about $2.50 per letter. No w multiply that by the millions of disputes they process each month and you can see what a cash cow they have on their hands.
It's now wonder there are so many mistakes on your credit report. And to think they have the technology in place to fix all of them permanently.
This is also why hiring a
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