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Tuesday, January 19, 2010

Experian's profits rise at expense of Latin American's credit history accuracy

Experian has reported a 1 percent increase in its third quarter revenues over last year, thanks primarily to a 16 percent jump in its Latin American revenues.  Experian did not report profit figures, so we do not know how much revenue Experian is actually making off us inventory ... I mean consumers. 

"Looking ahead across our major businesses, we see further stabilization in parts of North America, we are still cautious on the U.K., while the outlook for Latin America is robust," said CEO Don Robert.  "For the fourth quarter, we expect modest improvement in organic revenue growth."

Experian has its corporate headquarters in Dublin, Ireland, and operational bases in Nottingham, England, Costa Mesa, California, Plano, Texas and Sao Paulo, Brazil.

Its amazing how much profit a company can make when they don't have to pay for the inventory they sell, namely our credit information.

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