Monthly Archives: July 2015

FICO vs. Vantage Score

FICO now competes with Vantage Score but Equifax, Experian and TransUnion still offer both score options. This is partly because FICO is so widely used and accepted. The goal of the credit bureaus is to wean users off the FICO model and start using Vantage Score instead. Due to the overwhelming...
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Enter The Consumer Finance Protection Bureau

In 2010, the Consumer Finance Protection Bureau (or CFPB) was created, primarily in response to the failures of the financial industry in the several years prior. The CFPB exists for your protection. It is a government agency that now holds most of the your protection authority in the financial markets. The CFPB—according...
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e-OSCAR’s Batch Interface

E-OSCAR is the system that allows data furnishers to electronically communicate with credit reporting agencies throughout the dispute process. Once a dispute is entered into the automated system at the credit-reporting agency, the data furnisher is automatically notified of the dispute through their e-OSCAR online communication system. Data furnishers are provided the...
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Data Furnishers

The Credit Reporting Agencies (CRAs) get most of their information from your creditors and lenders. A creditor or lender is someone who loans money to you. Creditors and lenders sign agreements with the credit bureaus that they will report payment and credit history.   The companies that report information to the...
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