Three Credit Bureaus
Experian, 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.
Updated : Wed, 22 May 2013 12:21:14 GMT
Publ.Date : Mon, 29 Apr 2013 11:33:21 GMT
Publ.Date : Tue, 21 May 2013 10:14:37 GMT
Publ.Date : Tue, 30 Apr 2013 21:07:40 GMT
|When should you freeze your credit?MSN MoneyBasically, a credit freeze places a hold on your credit file with any of the three major credit reporting bureaus: Equifax, Experian and TransUnion. Once your credit file is frozen, inquiries into your file will be denied. Because potential lenders …
Publ.Date : Mon, 20 May 2013 21:12:52 GMT
|Free Credit Score Means Nothing AnymoreeReleases (press release)… approve based on credit scores alone, BoingOpia Corporation has announced today the launch of its new credit scoring system that not only provides free credit scores for the top three credit bureaus, but also, through its proprietary loan …and more »
Publ.Date : Tue, 21 May 2013 12:33:11 GMT
|When you can't fix your credit reportMSN MoneyOne in 20 consumers has an error so bad on one of his or her reports from the three major credit bureaus that it could result in higher interest rates on loans, according to a recent study on credit report accuracy from the Federal Trade Commission.
Publ.Date : Wed, 01 May 2013 16:11:43 GMT
|How to be the buyer every seller wants to deal withDaily UnionRemember that lenders will pull your score from all three major credit bureaus, so it pays to check your credit report and score with all three. Reviewing your report and score allows you to catch and correct errors, and have a better idea of how …
Publ.Date : Tue, 21 May 2013 20:27:36 GMT
First Coast News
|3 must-do steps to recover from a phishing scamFirst Coast NewsContact credit agencies. If you have disclosed any personal information or you're worried your account may have been accessed, you can place an alert with any one of the three major credit bureaus signals to potential creditors that you could be a …
Publ.Date : Tue, 21 May 2013 10:13:32 GMT
Here is more of the latest news on the three credit bureaus and checking your triple bureau credit report:
PHOENIX, May 21, 2013 /PRNewswire/ — Because lenders no longer approve based on credit scores alone, BoingOpia Corporation has announced today the launch of its new credit scoring system that not only provides free credit scores for the top …
Publ.Date : Tue, 21 May 2013 05:50:43 GMT
UpgradeUSA ships the laptop after the first customer payment. Customers can make and schedule all payments securely online via debit or credit cards. Availability by State UpgradeUSA?s online-only laptop payment plan services are available for qualified …
Publ.Date : Tue, 21 May 2013 09:50:10 GMT
Because lenders no longer approve based on credit scores alone, BoingOpia Corporation’s CreditColor.com has announced today the launch of its new credit scoring system that not only provides free credit scores for the top three credit bureaus, but also …
Publ.Date : Tue, 21 May 2013 12:50:41 GMT
And when it comes to your credit, the best thing you can do when something happens is to put a “security freeze” on your credit with all three credit bureaus. “Put them on notice that you have been a victim of identity theft because they can get blocks on …
Publ.Date : Thu, 16 May 2013 16:32:00 GMT
Free annual credit report: One can get free credit reports from three credit bureaus, Equifax, Experian, and TransUnion. You can get one free credit report from each agency once every 12 months. As SBWire explains, federal law stipulates that everyone is …
Publ.Date : Wed, 08 May 2013 17:57:17 GMT
LOS ANGELES (KABC) — Home-refinancing ads arrive in the mail all the time and keep popping up on your computer screen. They promise rock-bottom mortgage rates and easy approval. The offers are tempting but can be very misleading. Freelance musician Joe …
Publ.Date : Fri, 17 May 2013 18:12:45 GMT
Get a consolidated credit report, it’s one that reports all three credit bureaus on one report, or go to AnnualCreditReport.com to get a free copy of each of the three credit bureau reports. While there is a charge for the consolidated report, I just find …
Publ.Date : Thu, 09 May 2013 17:00:00 GMT
The city of Akron filed a police report involving last week?s website hacking. Turkish hackers attacked the city?s website on Thursday and stole information from 8,000 Akron taxpayers. The city said the website where the hackers posted to the stolen …
Publ.Date : Mon, 20 May 2013 13:16:54 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 FreeScore360, which includes all three credit scores issued by Experian, TransUnion and Equifax. Here is a link to their site:
View Your Triple Credit Score From TransUnion, Equifax And Experian In Seconds!