How do banks report credit history to Credit Agencies..TRW, Transunion Equifax?

Feb, 2010 in Transunion Credit Report by C.R.I.

What is the process/method that they use to send information to the bureaus? I’m guessing there is a software that each lender/bank has and at the end of the night/month..at batch file is transmitted to the CRA…??

Any clues??

1 Comment
tagged , , , , , ,

One Comment

  1. kymmie60115
    8 February, 2010

    Check out myfico.com under the credit issues section. There are tons of different explanations. The companiesreally use a computerized tape of your payment history that is reported monthly.

Leave a Reply

You must be logged in to post a comment.

Using Gravatars in the comments - get your own and be recognized!

XHTML: These are some of the tags you can use: <a href=""> <b> <blockquote> <code> <em> <i> <strike> <strong>