However, this does not mean that you never pay these debts. While discussing negotiating with creditors covered in Chapter 4, you will read how to include in your negotiated settlement a provision for how it is to be reported. To not do so can severely hurt your chances of restoring your good credit. Credit bureaus are empowered with governmental authority. Rather, they must adhere to the government authorities and laws overseeing their operations.
Credit bureaus are like any other business.
They buy and sell products and services to turn a profit. No special authority exists. Verify the Accuracy of Your Employment References. Get a Copy of Your Personal Credit Report. A Consumer Guide to Repairing Bad Credit.