The 3 credit bureaus

On average around 10 million Americans per year, fall victim to identity theft and credit card fraud. Not only is this a worrying fact when talking about your credit, mistakes and errors are also a common occurrence on your credit report. By all obtaining a 3-in-1 credit report from the three main bureaus in the U.S.A, you will gain a better picture of your credit standing and avoid any unwanted errors that may cause you to be rejected upon application for any credit or loans.

By obtaining a credit report from the free bureaus, you will be able to go through the information carefully and take out any errors or suspicious activity before the inevitable happens. This will also give you a clearer picture as to how lenders and creditors view you as a potential borrower. You will be able to gauge clearly how others see you and ultimately give your self the opportunity to improve your credit score. If you do not use one of the three credit bureaus or a report accumulated from all three agencies, you are already at a disadvantage.

Are all three credit bureaus the same?

Because the three bureaus are in no way affiliated with one or another, this consequently means that the results they produce regarding your credit status is often quite different. An accumulation of all three of the credit bureau reports, will actually give you a clearer picture as to where you can improve your score and protects you from identity thieves and credit card fraudsters.The three bureaus are known as Experian, Trans Union and Equifax.They are profit making agencies and upon making applications to various lenders and creditors, it will rarely be revealed as to which bureau the lender chose to assess your credit eligibilty.