The Three Credit Reporting Agencies
Since the 1980s, lenders and credit grantors have relied on credit report scoring to assess the credit worthiness of potential borrowers. A credit score is a sum derived from credit report information, and it aims to predict how likely a person is to repay debt. Credit report information is collected by the three major credit reporting services - TransUnion, Experian, and Equifax. Lenders often view reports from all three credit reporting services to get the most comprehensive view of a potential borrower's financial profile.
Each of the credit reporting services collects and reports credit history information independently. Because the agencies do not share data, discrepancies can occur. With TrueCredit, you can view your combined credit report quickly and securely. TrueCredit enables you to spot and correct any discrepancies before you apply for a loan - saving you time and money.
Credit Reporting Services Data
Your 3-in-1 Credit Report contains the following types of information, as detailed by each of the three credit reporting services:
- Personal information
- Consumer statement
- Account histories
- Public records
- Report inquiries
- Creditor contact information
To learn more about the data collected by the credit reporting services and how it factors into credit report scoring, visit the Credit Learning Center. You will also find information to help you prevent identity fraud, build your credit history, and improve your credit score. Our Loan Preparation Guide covers mortgages, co-signing, refinancing, car shopping, and more.
Viewing Your Credit Reports Online
With TrueCredit, reports from all three credit reporting services are just a click away. Checking your 3-in-1 Credit Report regularly and learning about credit report scoring are two steps you can take towards better credit. Order your 3-in-1 Credit Report and Score now.
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