Trans Union, Equifax, Exerprian - Credit Reporting Agencies are Deficient

Posted on Friday, May 30th, 2014 at 6:53pm CDT by Steve S.


Company: Trans Union, Equifax, Exerprian

Location: US

Category: Business, Finances

Some years ago we had a disagreement about taxes with the State of New York. The state field a property lien and eventually the issue was settled, the state was paid and the lien released.

Upon being denied a homeowners loan we made inquiry into why. Equifax, Trans Union and Experian were all reporting an unresolved property lien which had been long since resolved, paid and discharged. Why these agencies cannot include resolution of these matters even though they have been resolved years ago is a mystery to me. Perhaps in their zeal to protect lenders from bad risks they are more inclined to report adverse information than to update their records with current information.

Consumers are entitled to one free report annually from each of the credit reporting agencies and should be encouraged to obtain them for review of adverse, incorrect or obsolete information.


Robert Allyn L., 2014-05-31, 09:51AM CDT

You do know it is the responsibility of the lein holder to report that it has been paid?

Don't blame the credit reporting agencies when a single person employed by the State of New York is at fault.

aab52c59, 2014-06-09, 10:12PM CDT

I agree with Robert's response but also wanted to include something else. I find it highly unlikely that one lien from "years ago," as you put it, would stop you from getting a mortgage. I'd bet you got more going on in your credit than just that.

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