Credit reports often play a major role in an individual’s financial life. These reports are created and housed — automatically and without permission — by the big three credit bureaus: Equifax, Experian and TransUnion.
Credit bureaus act as the defacto gatekeepers to much of the financial marketplace. But too often, they fail to act in the best interest of consumers.
If a credit bureau makes a mistake or includes irrelevant information on a credit report, it’s the consumer that pays the price. Credit reporting problems can keep people from getting mortgages, good interest rates or even a job.
That’s why PIRG is working to give consumers the tools they need to protect their credit, and is advocating for greater accountability on the part of credit bureaus.