So question number one, who is the oldest other credit reporting agencies? Is it Experian Equifax or TransUnion? The oldest is Equifax. Equifax began a long time ago and is the second largest Experian of all this isn't the question. Experian is the oldest TransUnion is the youngest and the smallest question to the credit bureaus, Experian, Equifax, and TransUnion are government agencies. Now because they're so large, a lot of times people think that they are government agencies but they are not.

They were all started as for profit entities and companies to gain profit for their shareholders. Number three, checking your own credit report will lower your score. The answer to this is false. Checking your own credit report will not lower your score. Unless you have somebody else do it for you say a car loan if you have a friend that that does car loans. If you have a friend of the mortgage business, and they pull it for you that it would but if you pull it yourself through any one of the credit monitoring systems or annual credit report, it does not lower your score.

Number four, closing old credit card accounts can help your credit score that is false. Closing old credit card accounts Typically will hurt your score, because part of the scoring is on the history of credit. And the history of credit takes in the longevity, how long you've had credit. If you close it, it reduces that age. The government overseer for the credit bureaus is the Department of Homeland Security, the FTC, HUD, or the Housing and Urban Development, or the attorney general's office. The answer to this question is the FTC, the Federal Trade Commission, not out of the FTC.

Under the Dodd Frank act, they started the Consumer Financial Protection Bureau and that was started to protect consumers. So the FTC is the correct answer.