Credit Scores

piggybank Credit ScoresYour Credit Scores. Understanding Credit Scores and the factors that go into determining your credit report score is the first step to securing your financial health. A poor credit score will cost you thousands of dollars in borrowing fees and expenses, and will cause you to get turned down for a credit card or loan. Your credit rating may even cost you a job, as many employers check your credit report as a condition of employment.

The credit score is determined by a number of factors which assess how you are as a credit risk. The primary factor in the scoring algorithm is your bill-paying history. Even a couple of late payments will negatively affect your credit score report.

Next, the credit scoring companies look at your credit utilization ratio, or your outstanding debt as a percentage of all credit available to you. Many personal financial experts recommend that you keep open old credit cards (assuming they don’t charge an annual service fee), so that you can keep those credit lines available and boost your overall borrowing power.

The credit report bureaus will also look at the number of “hard inquiries” on your credit report. The idea is that many credit applications over a short period of time may indicate some pressing need for money, rendering the consumer, at least in the eyes of the agencies, a greater lending risk. It should be noted that only “hard inquiries” count negatively against your credit score. “Soft inquiries” such as checking your credit report or score online, have no effect on your credit score.

Another factor used to rate your credit score includes the length of your credit history. Under this particular metric, you are rewarded for getting a credit card at an early age (assuming you have paid the bills on time). Many financial advisers recommend that you help your child obtain a charge card while in college, so he or she can get a head start on establishing a credit track record. Of course, the parent must determine that the child is sufficiently responsible to have a credit card.

Other factors that go into the calculation of your credit score include whether you have ever filed for bankruptcy or a foreclosure (bankruptcy has a devastating effect on your credit rating) and the variety of credit sources in your credit profile (a mix of credit cards, a car loan and a mortgage, is better than having only one type of credit).

Credit Scores are issued by the three credit reporting bureaus — Experian, Equifax and TransUnion. When you submit a loan application or apply for a credit card, the potential lender will request your credit profile from one of these three credit score agencies. Unfortunately, the credit report information used by one credit reporting agency in determining your credit score may not be reflected in the information used by the others. For example, you may have refinanced a mortgage or paid off a credit card balance. Your TransUnion and Equifax reports may correctly show the old mortgage as paid off and the credit card as up-to-date, while the Experian report may show the debts as still outstanding. The result will be that the Experian credit score in this example will be substantially lower than the other two scores. If the potential lender in this case happens to order your credit score report from Experian, you may be rejected or have to pay more for the loan.

So, it is important that when you review your credit score or report, you make sure that you are looking at your credit information issued by all three credit reporting bureaus. The triple credit score, also known as the 3-in-1 credit score or 3-bureau credit score, shows you your Credit Scores and report information as issued by all three credit reporting companies.

Many consumers are pleased with the Free Triple Credit Score provided by CreditScore360, which includes all three credit scores issued by Experian, TransUnion and Equifax. Here is a link to their site:

Get your Free Credit Scores from all 3 Bureaus Credit Scores

Ensure that you will have access to the best credit terms by staying on top of your Credit Scores.

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FTC testifies before Congress on Credit Report Errors





ftc credit report error testimony 150x150 FTC testifies before Congress on Credit Report ErrorsFTC Testimony on Errors in Credit Reports – The FTC announced on May 7, 2013 that it had testified before a U.S. Senate Commerce subcommittee regarding a recent FTC report which examined the accuracy of credit report information. FTC Testifies on Credit Reporting Accuracy Study, FCRA Enforcement, Credit Education

Maneesha Mithal, Associate Director of the FTC’s Division of Privacy and Identity Protection told the Subcommittee on Consumer Protection, Product Safety, and Insurance that credit report errors can cause consumers to be denied credit, or pay a higher price for loans.

Ms. Mithal explained to the subcommittee: “The Commission recognizes the importance of accurate and complete credit reports, both to businesses that use them to make decisions and to the consumers who are affected by those decisions.”

The December 2012 FTC study found that 26% of surveyed consumers reported a material error in one or more of their three credit reports. Half of the survey participants had their credit score revised after filing the dispute with the applicable credit bureau.

The testimony cited enforcement of the Fair Credit Reporting Act (FCRA) as a high priority for the FTC. Over the last ten years, the FTC has brought over 30 actions under the FCRA.

The testimony highlights the importance of reviewing your credit report to check for potential errors in your credit history.

Many consumers are pleased with the credit report and score report provided by Equifax, which includes all three credit scores issued by Experian, TransUnion and Equifax.

Here is a link to their site:

“Get Equifax 3 Bureau Credit Report and Scores Now!” FTC testifies before Congress on Credit Report Errors


Here are more pages that might be of interest to you:

About Your Credit Score
Your Credit Report and Score

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Your Credit Score

money32 Your Credit ScoreYour Credit Score – Understanding your credit score is the key to ensuring your financial health. Maintaining a good credit score — that is, personal credit scores of 720 or better — will give you access to the best financial products and borrowing rates.

Credit Report Scores range from 349 to 849. Banks and other lenders use the credit report and score to indicate how likely you are to pay your bills on time. Generally, those with higher a credit score are considered to be a better credit risk.

You can check your credit score free at a number of online sites. You will want to be sure that you are getting a Triple Credit Score, or 3 in 1 Credit Score. Only the three bureau credit score or Triple Credit Report provides you with an online breakdown of your credit rating as issued by Experian, Equifax and TransUnion — the three national credit bureaus. Credit reports issued by only one of the three credit score companies may omit important information contained in the information issued by the other two agencies, which may negatively impact your ability to get a loan. So, when you check your credit score, make sure you are checking your Triple Credit Score.

news Your Credit Score

Updated : Mon, 22 Sep 2014 12:11:28 GMT

How to Raise Your Spouse\’s Low Credit Score – TIME

 Your Credit Score
How to Raise Your Spouse's Low Credit Score
TIME
And if you can't handle those terms, ?you might find yourself completing an apartment lease application while you work to rebuild your spouse's credit history,? says Griffin. As the higher scoring spouse, it's in your best interest to help your partner

Publ.Date : Fri, 19 Sep 2014 16:04:41 GMT

How FICO\’s New Credit Score Will Impact Consumers – Huffington Post

 Your Credit Score
The Columbian
 Your Credit Score
How FICO's New Credit Score Will Impact Consumers
Huffington Post
Medical collections will have a lower impact on your credit score. Previously, all collection debts–regardless of type and if they're paid–hurt your credit score equally. The new version will give you a break on medical debt, which is great news for
Some tips on improving your credit scoreKansas.com
TransUnion tells Chagrin Falls woman she has "C" credit, but it's really "D The Plain Dealer – cleveland.com
Singletary: Some tips for building good creditThe Columbian

all 5 news articles »

Publ.Date : Fri, 19 Sep 2014 21:48:58 GMT

Top Websites For Checking Your Credit Scores – Investopedia

 Your Credit Score
Top Websites For Checking Your Credit Scores
Investopedia
While you can check your credit reports from each of the major credit bureaus ? Experian, Equifax and TransUnion ? for free once every 12 months at www.AnnualCreditReport.com, the free reports don't contain your credit score. Lenders and creditors …
What Sets Top Credit Scores Apart From the Rest?Huffington Post
Some tips for your good creditPhilly.com
Reader Question: Does Applying for a Balance Transfer Card Hurt Your Credit?The Dough Roller
Boston Globe
all 12 news articles »

Publ.Date : Wed, 17 Sep 2014 23:27:39 GMT

7 Financial Fails That Are Ruining Your Credit… – Cosmopolitan (blog)

 Your Credit Score
7 Financial Fails That Are Ruining Your Credit
Cosmopolitan (blog)
Your credit score is like your personal Yelp rating. Lenders use it to decide whether they'll let you borrow money to buy a car or a house, take out a school loan, or rent an apartment. Plus, it affects the interest rate on your credit cards. Scores

Publ.Date : Sun, 21 Sep 2014 16:59:26 GMT

BBB: Consumers aren\’t helpless with credit scores – Topeka Capital Journal

 Your Credit Score
Credit.com News (blog)
 Your Credit Score
BBB: Consumers aren't helpless with credit scores
Topeka Capital Journal
For too many American consumers, their credit rating remains a mysterious entity over which they do not believe they have any control. The truth is that there are steps you can take to assure that you are not unpleasantly surprised by the news that
Does Your Credit Score Care Where You Shop?Credit.com News (blog)

all 3 news articles »

Publ.Date : Sun, 21 Sep 2014 15:44:39 GMT

This Law Would Immediately Improve Your Credit Score – TIME

 Your Credit Score
This Law Would Immediately Improve Your Credit Score
TIME
?It probably is time to look at the seven-year reporting period and find out what the data really says,? says Gerri Detweiler, director of consumer education at Credit.com. ?The Fair Credit Reporting Act was passed in 1970 before credit scoring was as

Publ.Date : Tue, 16 Sep 2014 15:55:19 GMT

Can You Raise Your Credit Score 100 Points in a Month? – Credit.com News (blog)

 Your Credit Score
Credit.com News (blog)
 Your Credit Score
Can You Raise Your Credit Score 100 Points in a Month?
Credit.com News (blog)
Improving your credit score often requires a lot of patience, because a good credit score is built on years of responsible habits. If you've made mistakes, they can be challenging to recover from, but it's a doable goal. Of course, if you want to buy a

Publ.Date : Tue, 16 Sep 2014 04:23:29 GMT

4 Mistakes That Can Kill Your Credit Score – U.S. News & World Report (blog)

 Your Credit Score
Credit.com News (blog)
 Your Credit Score
4 Mistakes That Can Kill Your Credit Score
U.S. News & World Report (blog)
Your credit score is important, often affecting areas of your life that range from where you live to how much you pay for auto insurance. More importantly, it usually determines whether or not you're approved for credit, and could cost or save you
I Paid Off My Mortgage & My Credit Score Dropped 150 PointsCredit.com News (blog)
Building up a credit historyMoneyExpert

all 4 news articles »

Publ.Date : Thu, 11 Sep 2014 12:56:04 GMT

Here is more of the latest credit score news from around the net. Come back daily for the latest personal finance news.

rsslogo Your Credit Score

Updated :

Does Your Credit Score Care Where You Shop?
With all the information our actions generate ? from websites we visit, places we travel to and things we buy ? it?s no wonder why people worry about Big Data affecting their finances. So you may wonder: Does what you buy affect your credit score?
Publ.Date : Mon, 22 Sep 2014 04:42:00 GMT

3 ways your credit card could be your ticket to a great credit score
Thirty-five percent of your credit score is determined by your track record with making on-time payments on your bills. Compared to the other four factors that determine your score, payment history is the largest, so it?s important to prioritize paying …
Publ.Date : Sun, 21 Sep 2014 11:13:00 GMT

How to Keep Track of Your Spending on Multiple Credit Cards
You can see if any late payments are currently affecting your credit score for free on Credit.com. Get the latest tips & advice from our team of 30+ credit & money experts, delivered to you via email each week. Sign up now. Note: It’s important to remember …
Publ.Date : Sun, 21 Sep 2014 21:06:00 GMT

Cosmopolitan: Seven financial fails that are ruining your credit score
Your credit score is like your personal Yelp rating. Lenders use it to decide whether they’ll let you borrow money to buy a car or a house, take out a school loan, or rent an apartment. Plus, it affects the interest rate on your credit cards. Scores can …
Publ.Date : Sun, 21 Sep 2014 10:59:00 GMT

BBB: Consumers aren\’t helpless with credit scores
The truth is that there are steps you can take to assure that you are not unpleasantly surprised by the news that your credit score is too low. Your Better Business Bureau has identified specific ways consumers can improve their credit scores. What is a …
Publ.Date : Sun, 21 Sep 2014 09:18:00 GMT

Missed Paying Credit Card Bill? Your Options
It is the latter that can be worrisome one. A critical factor here is the impact it can have on your credit score, also known as Cibil score. No wonder informed credit card holders dread the fact of missing a bill payment. There are two chief reasons why …
Publ.Date : Mon, 22 Sep 2014 01:08:00 GMT

Boost or Build Your Credit Score with a Loan to Yourself
NEW YORK (MainStreet) ? It?s the maddening vicious circle of consumer credit: you need a credit score in order to qualify to get credit. For young adults just starting out, or recent immigrants with solid incomes but no credit files, it can be a …
Publ.Date : Sat, 20 Sep 2014 02:28:00 GMT

Simple Ways to Raise Your Credit Score
If you’re like most people, the recession took a toll on your finances and probably your credit score. So how do you get it back to where it needs to be? While it usually takes seven years for any negatives marks to be removed from your credit report …
Publ.Date : Thu, 07 Nov 2013 06:27:00 GMT

Triple Credit Score
Credit Score Range

The first step to ensure your financial health is to check Your Credit Score.

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Three Credit Scores

money21 Three Credit ScoresExperts recommend that you review your Three Credit Scores to get the most accurate view of your credit profile. By viewing your 3 Bureau Credit Score or 3 Credit Report Score, you will get all three credit scores from all 3 Credit Reporting Agencies. When you apply for a mortgage, refinancing, credit card or auto loan, the bank, charge card issuer of other lender will order your credit score from one of the three credit bureaus – Experian, Equifax and TransUnion. Each credit bureau uses its own credit scoring algorithm to calculate your credit scoring. It is important to review your Three Credit Scores from all 3 credit reporting agencies to get the most accurate view of your credit score.

Here is the latest Triple Credit Score news from around the Web. Come back daily for the latest credit score news.

news Three Credit Scores

Updated : Mon, 22 Sep 2014 12:11:29 GMT

How FICO\’s New Credit Score Will Impact Consumers – Huffington Post

 Three Credit Scores
The Columbian
 Three Credit Scores
How FICO's New Credit Score Will Impact Consumers
Huffington Post
This means that consumers who have little to no credit history but pay rent on time will get a boost. Since payment history and the length of that payment history currently account for approximately 50 percent of your FICO credit score, more consumers
Some tips on improving your credit scoreKansas.com
TransUnion tells Chagrin Falls woman she has "C" credit, but it's really "D The Plain Dealer – cleveland.com

all 5 news articles »

Publ.Date : Fri, 19 Sep 2014 21:48:58 GMT

Top Websites For Checking Your Credit Scores – Investopedia

 Three Credit Scores
Top Websites For Checking Your Credit Scores
Investopedia
Credit Karma also gives you three additional credit scores: your VantageScore, your auto insurance score and your home insurance score. The VantageScore is another credit score that ranges from 501 to 990 and also gives you a letter grade from A to F.

and more »

Publ.Date : Wed, 17 Sep 2014 23:27:39 GMT

BBB: Consumers aren\’t helpless with credit scores – Topeka Capital Journal

 Three Credit Scores
BBB: Consumers aren't helpless with credit scores
Topeka Capital Journal
A credit report is an examination of your credit history. Reports are maintained by three credit reporting agencies: Equifax, TransUnion and Experian. Every 12 months you are entitled to a free credit report. Your credit score is not available for free

and more »

Publ.Date : Sun, 21 Sep 2014 15:44:39 GMT

FICO Or FAKO? The Limitations of Free Credit Scores – Investopedia

 Three Credit Scores
FICO Or FAKO? The Limitations of Free Credit Scores
Investopedia
Another limitation of getting your credit score from only one source is that your score with each of the three credit scoring bureaus is usually different. The different scores are due to variations in which bureaus creditors and lenders report your

Publ.Date : Thu, 18 Sep 2014 00:42:04 GMT

Is There Such a Thing As a Free Credit Score? – Motley Fool

 Three Credit Scores
azcentral.com
 Three Credit Scores
Is There Such a Thing As a Free Credit Score?
Motley Fool
The majority of these services will indeed give you a credit report and some version of a credit score, but only after you've entered your credit card information and agreed to a trial subscription of whatever credit monitoring service the company is
Crunching the credit-score numbersazcentral.com
The Color of Money | How to improve a credit score: Pay on timeColumbus Dispatch
There are no shortcuts, but you can boost your credit scoreHeraldNet
Pittsburgh Post-Gazette
all 12 news articles »

Publ.Date : Sun, 14 Sep 2014 18:16:22 GMT

Column:Taking the mystery out of credit scores – Marshfield News-Herald

 Three Credit Scores
Marshfield News-Herald
 Three Credit Scores
Column:Taking the mystery out of credit scores
Marshfield News-Herald
Each of the three major credit bureaus (Experian, Equifax and TransUnion) worked with Fair Isaac to come up with the scoring method. One version of the FICO credit rating scale is located at http://www.buzzle.com/articles/credit-score-rating-scale.html.
Credit score overhaul introduced in HouseThe Hill
The bill that could radically improve your credit scoreWashington Post
Giving Credit Scores a Post-Crash OverhaulBusinessweek
Insurance News Net
all 25 news articles »

Publ.Date : Fri, 12 Sep 2014 10:00:10 GMT

What Realtors need to know about credit scores – Inman.com

 Three Credit Scores
NY1
 Three Credit Scores
What Realtors need to know about credit scores
Inman.com
In 2004, Experian and TransUnion created their own credit scores, the Plus Score and the Trans Risk Score, followed by the Equifax Credit Score from Equifax. These scores are offered to consumers by the three credit bureaus for a fee, or for free with
6 Tips to Improve a Credit Score FastMotley Fool
Credit Cards: How Many Is Too Many?CBS Local
Medical debt to weigh less in credit scoresGainesville Sun
NY1 -The-review
all 17 news articles »

Publ.Date : Wed, 03 Sep 2014 18:11:41 GMT

FICO Changes Expected To Boost Credit Scores, Lower Consumer Mortgage … – The Mortgage Reports (blog)

 Three Credit Scores
Boston Globe
 Three Credit Scores
FICO Changes Expected To Boost Credit Scores, Lower Consumer Mortgage
The Mortgage Reports (blog)
To build your credit score, credit bureaus use debt information made available by creditors to the three major bureaus — Equifax, TransUnion, and Experian. The FICO Score 9, though, is expected to raise the FICO model's scores because, in part
No shortcuts to boost your credit scoreBoston Globe

all 15 news articles »

Publ.Date : Wed, 10 Sep 2014 02:08:45 GMT

Here is more of the latest credit report and personal finance news:

rsslogo Three Credit Scores

Updated :

How Many Credit Scores Do You Need to Get a Mortgage?
You actually can still get a mortgage if you don’t have all three credit scores. Here’s how, and what to be prepared for. Rating From Each Bureau Lenders look to a homebuyer’s credit for the likelihood of a delinquency. The higher the credit score …
Publ.Date : Mon, 10 Feb 2014 00:00:00 GMT

Think you have three credit scores? You may have 50 or more
You probably know you have a credit score, and that score dictates much of your financial future. You might know you have three credit scores, thanks to aggressive advertising from companies that sell access to them. However, those hardly scratch the …
Publ.Date : Tue, 19 Mar 2013 01:30:00 GMT

Do You Need 3 Credit Scores to Get a Mortgage?
In order to get a mortgage these days, home buyers are typically required to have three credit scores ? one scoring model calculated three times based on each of your credit reports at the three major credit bureaus. However, one problem that I see …
Publ.Date : Thu, 30 Jan 2014 03:25:00 GMT

3 credit score questions you never thought to ask
The answers might surprise you. 1. What are my three credit scores? When we hear chatter about credit scores on the news or from our friends, usually the talk is about a single, monolithic number. For instance, “My credit score is 700″ or, “It’s important …
Publ.Date : Sat, 05 Jul 2014 06:28:00 GMT

Three credit scores no longer needed for mortgage lending
Reality? That requirement is no longer the benchmark. Securing a mortgage without three credit scores is doable, and here?s how: ? Credit score per bureau: The basis for how lenders view the credit, is the degree of likelihood of a delinquency on a …
Publ.Date : Thu, 23 Jan 2014 23:19:00 GMT

How Your Credit Score Determines Your Auto Loan APR
Equifax and Experian), you actually have three credit scores, each of which might differ. Say you get 780, 707 and 804 ? don?t panic! There will always be minor discrepancies in every score (due to the bureaus? own individual reporting criteria and …
Publ.Date : Wed, 27 Aug 2014 04:13:00 GMT

How Your Credit Score Can Save (or Cost) You Tons Of Money
Using our three credit scores of 760, 690, and 620 … Many apartment communities will not rent to anyone with a credit score below the mid-600s, and those that will rent to low-credit tenants may ask for a hefty additional security deposit.
Publ.Date : Sun, 09 Feb 2014 12:25:00 GMT

How To Overcome The Most Common Barriers To Homeownership
(You?ll actually have three credit scores ? one with each bureau. Lenders generally look at the median score.) Most lenders consider a credit score above 740 to be healthy, while anything below 600 is considered poor. If you don?t know your credit …
Publ.Date : Fri, 06 Jun 2014 08:03:00 GMT

rsslogo Three Credit Scores

Updated :

How Many Credit Scores Do You Need to Get a Mortgage?
You actually can still get a mortgage if you don’t have all three credit scores. Here’s how, and what to be prepared for. Rating From Each Bureau Lenders look to a homebuyer’s credit for the likelihood of a delinquency. The higher the credit score …
Publ.Date : Mon, 10 Feb 2014 00:00:00 GMT

Do You Need 3 Credit Scores to Get a Mortgage?
In order to get a mortgage these days, home buyers are typically required to have three credit scores ? one scoring model calculated three times based on each of your credit reports at the three major credit bureaus. However, one problem that I see …
Publ.Date : Thu, 30 Jan 2014 03:25:00 GMT

Three Bureaus, Three Scores: Why You Have Multiple Credit Scores
This post was contributed by our Financial Literacy Movement partner Lexington Law. According to FICO, the company that pioneered credit scoring, ?there will almost always be some minor differences in your scores across the three credit bureaus? If …
Publ.Date : Thu, 24 May 2012 08:46:00 GMT

3 Myths I Used to Believe About Credit Scores
During my time writing about credit and personal finance, I?ve learned a lot. And the more I learn, the more I realize how clueless I was about credit scores. My parents instilled in me smart financial habits, like saving up for big purchases and …
Publ.Date : Thu, 21 Jun 2012 17:25:00 GMT

Simon Says: Why You Have 3 Different Credit Scores
Q: I have three different credit scores with the three credit reporting agencies. Why is it that someone can have three different credit scores? A: Mike, this is common question, probably perpetuated by repeated TV commercials for companies that offer …
Publ.Date : Tue, 06 Aug 2013 13:08:00 GMT

FICO Changes Expected To Boost Credit Scores, Lower Consumer Mortgage Rates
Mortgage lenders typically use the middle of your three reported credit scores to determine your eligibility and mortgage rates, which means that, with FICO Score 9, borrowers will likely get approved more often, and with lower mortgage rates. Click to get …
Publ.Date : Tue, 09 Sep 2014 21:50:00 GMT

How to rehabilitate your credit scores after failing to pay a bill
I got three credit cards. Somehow … Answer: Even seemingly small missteps can have outsized effects on your credit scores. Missing even one payment can knock more than 100 points off good scores. And as you’ve learned, creditors tend not to be …
Publ.Date : Sun, 07 Sep 2014 06:46:00 GMT

Top Websites For Checking Your Credit Scores
Credit Karma also gives you three additional credit scores: your VantageScore, your auto insurance score and your home insurance score. The VantageScore is another credit score that ranges from 501 to 990 and also gives you a letter grade from A to F.
Publ.Date : Wed, 17 Sep 2014 19:18:00 GMT

Triple Credit Score

To ensure that you are getting the most accurate picture of your financial health, make sure that when you order your online credit report, you are receiving all Three Credit Scores

Many consumers are pleased with the Free Triple Credit Score provided by CreditScore360, which includes all three credit scores issued by Experian, TransUnion and Equifax. Here is a link to their site:

Get your Free Credit Scores from all 3 Bureaus Three Credit Scores

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Three Credit Bureaus

Three Credit Bureaus

money5 150x150 Three Credit BureausExperian, Equifax and TransUnion are the three major credit bureaus that issue your credit scores. Your credit scores are used by lenders to determine your credit rating (in other words, how you are as a credit risk). Consumers with higher credit scores will generally receive better interest rates, resulting in reduced borrowing costs. A poor credit score will increase the likelihood that the consumer will be rejected for a loan, or have to pay more to borrow money.

Each of the three credit bureaus uses its own algorithm to determine your credit score. Unfortunately, the information reflected in the credit score issued by one credit bureau may not be reflected in the credit score issued by another. The background data and information used by one credit reporting agency in compiling your credit history may be different from the information used by the other bureaus. For example, your Experian and TransUnion reports may show a credit card balance as paid in full, while the Equifax report may reflect the same credit card balance as still outstanding. Accordingly, in this example, your Equifax score would be lower than the scores issued by each of TransUnion and Experian.

So, it is important that when you order your credit report, you make sure you are getting the credit report scores issued by all three credit reporting bureaus. You should look at your 3 credit scores and reports (or 3-in-1 credit report) side by side to get your most complete and accurate credit score profile.

Check your triple credit score and report for inconsistencies, inaccuracies and other issues in your credit history as recorded by each credit bureau, and be sure to fix credit report problems before you are turned down for a mortgage or refinancing, car loan or credit card.

news Three Credit Bureaus

Updated : Mon, 22 Sep 2014 12:11:31 GMT

FICO Or FAKO? The Limitations of Free Credit Scores – Investopedia

 Three Credit Bureaus
FICO Or FAKO? The Limitations of Free Credit Scores
Investopedia
Another limitation of getting your credit score from only one source is that your score with each of the three credit scoring bureaus is usually different. The different scores are due to variations in which bureaus creditors and lenders report your

Publ.Date : Thu, 18 Sep 2014 00:42:04 GMT

BBB Tip of the Week: Credit/Security freeze – The Spokesman Review

 Three Credit Bureaus
BBB Tip of the Week: Credit/Security freeze
The Spokesman Review
To put a freeze on your credit that is effective, you'll need to set it up at all three credit bureaus. You can call or go online for each one: Equifax at https://www.freeze.equifax.com/ or (800) 525-6285; Experian at https://www.experian.com/freeze

Publ.Date : Sun, 21 Sep 2014 07:05:09 GMT

The Newest Credit Reporting Act Doesn\’t Have A Chance – Business Insider

 Three Credit Bureaus
Business Insider
 Three Credit Bureaus
The Newest Credit Reporting Act Doesn't Have A Chance
Business Insider
It contains two or three provisions that would reasonably improve the credit reporting environment, but it also contains many more that would radically alter credit report data and credit score capabilities. The bill is sure to get considerable
Troutman Sanders LLP | Congresswoman Proposes Fundamental Changes to Linex Legal (press release) (registration)

all 5 news articles »

Publ.Date : Mon, 15 Sep 2014 16:48:27 GMT

What Realtors need to know about credit scores – Inman.com

 Three Credit Bureaus
Credit.com News
 Three Credit Bureaus
What Realtors need to know about credit scores
Inman.com
In 2004, Experian and TransUnion created their own credit scores, the Plus Score and the Trans Risk Score, followed by the Equifax Credit Score from Equifax. These scores are offered to consumers by the three credit bureaus for a fee, or for free with
What Is The New 'FICO Score 9' And What Are The Benefits?TheStreet.com
6 Tips to Improve a Credit Score FastMotley Fool
SCAR President: Improve your creditThe-review

all 17 news articles »

Publ.Date : Wed, 03 Sep 2014 18:11:41 GMT

TransUnion tells Chagrin Falls woman she has "C" credit, but it\’s really "D … – The Plain Dealer – cleveland.com

 Three Credit Bureaus
The Columbian
 Three Credit Bureaus
TransUnion tells Chagrin Falls woman she has "C" credit, but it's really "D
The Plain Dealer – cleveland.com
Q: I plan to try to get an auto loan soon. I went to check my credit report at TransUnion and paid $29.99 to see my scores from all three reporting agencies. TransUnion provided me with 3 "Vantage" scores — in the high "C" (prime) category. The scores
How FICO's New Credit Score Will Impact ConsumersHuffington Post

all 5 news articles »

Publ.Date : Fri, 19 Sep 2014 12:11:25 GMT

Blemished credit? Congress weighs changes that could boost scores – Los Angeles Times

 Three Credit Bureaus
Blemished credit? Congress weighs changes that could boost scores
Los Angeles Times
Maxine Waters (D-Los Angeles) would amend the federal Fair Credit Reporting Act to require the national credit bureaus to delete most negative information ? delinquencies on credit cards and mortgages, foreclosures and short sales among others
High-stakes debate over credit reporting for home loansThe Seattle Times
The high-stakes debate over credit reportingHartford Courant
High-stakes debate over credit reportingMiamiHerald.com

all 7 news articles »

Publ.Date : Sun, 21 Sep 2014 12:06:31 GMT

AG offers tips on identity theft protection – MetroWest Daily News

 Three Credit Bureaus
SFGate
 Three Credit Bureaus
AG offers tips on identity theft protection
MetroWest Daily News
Call one of the three major credit bureaus and place a one-call fraud alert on your credit report – Equifax: call 800-525-6285, and write: P.O. Box 740241, Atlanta, GA 30374-0241; Experian: call 888-397-3742, and write: P.O. Box 9532, Allen, TX 75013; …
5 ways to protect yourself from data breachesJackson Sun

all 247 news articles »

Publ.Date : Fri, 19 Sep 2014 18:42:13 GMT

Is There Such a Thing As a Free Credit Score? – Motley Fool

 Three Credit Bureaus
azcentral.com
 Three Credit Bureaus
Is There Such a Thing As a Free Credit Score?
Motley Fool
If that's not your situation, and you just want to know what your credit report says, there is a no-strings-attached way to get all three of your credit reports for free. Thanks to the Fair Credit Reporting Act, consumers are entitled to one free
Good Question: Buying a home comes down to creditPittsburgh Post Gazette
The Color of Money | How to improve a credit score: Pay on timeColumbus Dispatch
Michelle Singletary: The simple way to improve your creditKnoxville News Sentinel
HeraldNet
all 12 news articles »

Publ.Date : Sun, 14 Sep 2014 18:16:22 GMT

Here is more of the latest news on the three credit bureaus and checking your triple bureau credit report:

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3 Smart Ways to Use a Personal Loan
If you are thinking of getting a personal loan, it?s not a bad idea to first get your free credit report from all three credit bureaus to make sure your information is accurate before you apply. Your credit scores will have a significant impact on the …
Publ.Date : Sun, 21 Sep 2014 21:06:00 GMT

LendProtect Launches Innovative Real-Time Credit Reporting Certification Programme Following FCA Moves to Tighten Loan Regulations
The UK?s primary three credit bureaus currently only support reporting on a monthly or daily basis. In contrast, for the past five years, LendProtect has provided the facility for real-time data sharing to lenders throughout the UK. Lenders such as …
Publ.Date : Mon, 22 Sep 2014 02:01:00 GMT

NH property virgins benefit from home buyer education
The credit score is what determines your mortgage rate. To do this, contact each of the three credit bureaus. The report is valuable as it tells you about your loans, if you had any late payments, how much available credit you have, bank accounts …
Publ.Date : Sat, 20 Sep 2014 22:19:00 GMT

Federal student loans can now be refinanced at lower rates at Charter One
About 40 million consumers have at least one student loan, according to a report released last week by Experian, one of the big three credit bureaus. That’s up 38 percent, from 29 million consumers, just since 2008. About 92 percent of student loans are …
Publ.Date : Wed, 17 Sep 2014 12:25:00 GMT

Why all Three Credit Bureaus Need Your Payment History
For 30 years prior to 2011, my wife and I paid off two mortgages though our local savings bank. Since that bank only reports to one credit bureau, our FICO score is low, even though we never missed a payment. Living in a new large city and trying to get a …
Publ.Date : Thu, 11 Oct 2012 06:10:00 GMT

7 Biggest Financial Fears and How to Overcome Them
A credit freeze is another affordable security measure. For just $10 to each of the three credit bureaus, you can freeze your credit, which will prevent your credit information from being released without your expressed consent. It costs just $2 to $10 to …
Publ.Date : Wed, 17 Sep 2014 00:05:00 GMT

Three credit bureaus equal three different scores
Do you know your credit score? Most people expect to see three identical scores when they purchase a three-in-one credit report and are often surprised when they don’t. To clear up the confusion, the reason the scores are not the same is because each …
Publ.Date : Tue, 08 Jun 2010 17:00:00 GMT

AG offers tips on identity theft protection
You only need to call one of the three credit bureaus; the one you contact is required by law to contact the other two credit bureaus. This one-call fraud alert will remain in your credit file for at least 90 days. The fraud alert requires creditors to …
Publ.Date : Fri, 19 Sep 2014 21:41:00 GMT

When you order your credit score, please make sure you are getting your credit scores issued by all Three Credit Bureaus.

Many consumers are pleased with the Free Triple Credit Score provided by CreditScore360, which includes all three credit scores issued by Experian, TransUnion and Equifax. Here is a link to their site:

Get your Free Credit Scores from all 3 Bureaus Three Credit Bureaus

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Triple Credit Score

money18 Triple Credit Score

Triple Credit Score


A Triple Credit Score is the essential part of a three-in-one credit report or 3-in-1 credit report that provides your credit scores from each of the three credit bureaus – Equifax, Experian and TransUnion.

Why is it important that you check all 3 credit scores and all 3 credit reports from all three credit score companies?  A typical credit report displays your credit information from only one credit reporting agency.

Unfortunately, when you apply for a car loan, look to refinance a mortgage or sign up for a new credit card, lenders may review any one or even all 3 credit bureau reports. For example, the information contained in your credit report score issued by TransUnion may not be reflected in the credit scoring issued by the other agencies.  This may cost you thousands of dollars in loan payments and fees.

So, it it essential that you review your credit scores contained in all three credit reports. The Triple Credit Score allows you to compare, side-by-side, your credit information contained in the credit report and score issued by each credit report bureau, so you can identify and dispute possible errors and inaccuracies, track late payments or judgments, see who has accessed your credit history, and gain an understanding of what factors affect your credit score.  You can also spot early signs of identity theft.  When you order a credit report and score, make sure that you are getting a Triple Credit Score.

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