subject: 3 Bureau Credit Score [print this page] You might be asked to provide a copy of your credit report if you have applied for a loan or credit card. The credit report is contains history of your credit record and it is prepared by the credit bureaus. There can be affect of your credit scores on your education, careers and everything in your life. You can have complete information about your credit scores and credit ratings from 3 bureau credit score. The information regarding your credit score are gathered from different sources. It is possible that one bureau have noted down the recent change in your credit while other did not. You can be able to know about the limits of your credit from the report of 3 bureaus. You can have three credit scores at the same time because your data is complied by 3 credit bureaus. Then credit reports are sold to the consumers with wide variety of marketing information. All 3 credit bureaus are very important because the practice of minimizing risks has been adopted by the lenders by reviewing all 3 bureaus. There is use of FICO scoring software by all 3 bureau credit score to compute your credit score. There might be difference in your credit score due to different reasons. It can be because creditors dont necessarily report to 3 bureaus. There can be difference in the content of your report as well. It can be due to difference in the timing of the report.
You can be able to find your credit score now by comparing your credit report carefully from all 3 credit score bureau. Whenever you apply for a new loan, it will be underwritten on the basis of your credit scores. Trans Union, Experian and Equifax are 3 major credit score bureaus which are responsible for maintaining your credit reports. You can have complete information about your credit scores and credit ratings with the help of these 3 credit bureaus. There will be complete credit history included in the credit report of 3 bureaus. These credit bureaus have been able to generate million of dollars every year. These bureaus basically sell the credit reports to the consumers and creditors and mailing lists.
There can be affect of the credit reports made by 3 bureau credit on many facets of your life. Therefore it is very important for you to examine your credit reports and credit scores in these reports very carefully. There can be many errors in your reports. You can get help from third party in repair your credit scores in the credit report. The credit score based on FICO score by 3 bureau credit score may be different. These 3 credit bureaus have re-branded FICO score for their own marketing. You can have information about your credit score from 3 credit bureaus by paying nominal fee.
To learn more about credit ratings, credit scores and credit reporting and to find out how you can get your own 3 bureau credit score, please visit: CreditReport.com
