#bureaus

$2000, 3-year-old medical collections. Should I write certified dispute letters to collections agency and the three bureaus?

( www.reddit.com )

$2000, 3-year-old medical collections. Should I write certified dispute letters to collections agency and the three bureaus? Hi everyone, I basically just wanted to know if I should write dispute letters to both the collections agency and all three credit bureaus? If so, I do them all at the same time right? Or wait for a response from the collections agency? I’ve been seeing conflicting information on these things, and I can’t figure out what to do. I have never once…

Reddit Personal Finance 341 2024-11-20

Cancel oldest (20 yrs) card? How many years do the bureaus care about for credit history length?

( www.reddit.com )

Cancel oldest (20 yrs) card? How many years do the bureaus care about for credit history length? Spouse has an old cc he’s had since a teen. It has a terrible APR and a lower credit limit. We never use it. Just got a letter saying if we don’t use it within 50 days it’ll be closed. Part of me would love to see it go but will closing a card that old be bad? I know we each have our own credit scores but I’m a little uncertain how the credit hi…

Reddit Personal Finance 211 2023-08-05

Is it a conflict of interest for the credit bureaus, Equifax/TransUnion to act as sole gatekeepers of credit scores using their own rules, then profit selling products to “fix” them?

( www.reddit.com )

Is it a conflict of interest for the credit bureaus, Equifax/TransUnion to act as sole gatekeepers of credit scores using their own rules, then profit selling products to “fix” them? Their products only improve their own bureau’s scores, so people trying to improve their credit get suckered all the way around by both companies or risk one score being even more out of sync with the other than they often already appear. Essentially Equifax and Transunion determine their own algorithm that is used to determine everyone’s scores…

Reddit Personal Finance 150 2023-07-18