The worldwide credit crunch affects consumers and lenders alike, but according to a recent article that appeared in Forbes, this emerging problem also affects credit reporting agencies. The article reported on Experian’s numbers for the last quarter, and they took a significant downturn. Experian is one of the world’s leading credit reporting agencies.“Confidence in the world’s top credit checking companies was severely dented on Wednesday, after figures from Britain’s Experian showed a slump in business in the last six months.
The world’s largest credit checking company said that sales growth in the six months ending in September was 6.0%, despite recording 7.0% in the first quarter, pointing to a significant slowdown in the last three months. Experian said that troubles, particularly in the U.S. market, where it is exposed to the subprime mortgage market, were largely to blame for the slowdown.”
If you need credit repair, you need to take care of it now. Contact a credit repair attorney at Smith & Garg today to schedule an initial consultation.
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