If you haven’t watched John Oliver attach and rip into all three credit bureaus you need to watch and share this with everyone you know.
Brief excerpt from this show…
“HBO’s Last Week Tonight, host John Oliver took on the credit reporting companies that have the ability to keep you from getting a loan, being a hired at much needed job, and even prevent you from renting an apartment.
As the host noted, there are big three major companies that compile credit information on each and every one of us: Experian, Equifax and TransUnion. They, in turn, provide that information to employers, landlords or lenders.
According to Oliver, nearly 50 percent of employers now use credit reporting as part of the hiring process despite, as a credit report industry executive admitted, there is no correlation between credit worthiness and job performance.
Even worse is what might be wrong in your credit history that you’re unaware of until you need a loan or a job — and by then it may be too late.
Along with a host of smaller — and unregulated companies – – these agencies provide credit scores and criminal background checks that have historically contained bad information up to 30 percent of time.”