Credit Reports

What is a Credit Report?

A consumer credit report is a factual record of your credit activities. It reports all your credit accounts and outstanding loans, the balances on your credit cards and loans, and your bill paying history. Lenders are permitted by credit report laws to check your credit reports and review them in order to determine whether or not to grant you credit.... Learn more about what is a credit report?

What Types of Credit Reports Are There?

There are two main types of credit reports offered by single bureau credit reports and 3 credit bureau reports. The main difference between these two credit reports is that a single bureau credit report provides the information on your financial history as reported by one of the three major credit bureaus (Equifax, Experian, or TransUnion), and a 3-in-1 credit report provides a compilation of your financial history as reported by ALL THREE major credit bureaus, complete with a line-by-line comparison of the information so you can easily see discrepancies... Learn more about what types of credit reports are there?

What is a 3 in 1 Credit Report?

While a single credit report will provide your credit information from only one of the three major credit bureaus (Experian credit bureau, Equifax credit bureau and TransUnion credit bureau), a 3-in-1 credit report (also called a 3 agency credit report or a 3 bureau report) provides your credit history as reported by all three.... Learn more about what is a 3 in 1 credit report?

Checking your Credit Report

Your credit report is an essential document in your financial life. Therefore, it's crucial that you become aware of what it says about you and your financial responsibility. The act of checking your credit report is as significant as the information it contains; in fact, aside from paying your bills on time, the most important thing you can do to ensure good credit is to check your credit report on a regular basis... Learn more about checking your credit report

Credit Report Errors

Studies show that a high percentage of consumer credit reports - up to 70 percent - contain errors, so you should be prepared to see some erroneous information on your credit report... Learn more about credit report errors

What is a Credit Bureau?

A credit bureau (also called a consumer credit bureau, credit bureau agency, or credit bureau company) is an agency that compiles credit information and distributes it to creditors. Credit bureaus are private profit-making companies that provide credit bureau services to credit card companies, mortgage lenders, and banks that use the information to screen potential applicants... Learn more about what is a credit bureau?

Who can access my Credit Report?

Your credit report is a summary of your financial history. It is an extremely important document in that it can determine whether or not you get a mortgage, car loan or other loan, as well as what interest rate you're charged for those loans. Your credit report can even determine whether or not you can rent an apartment or whether you get hired for a job. So if you're wondering, "should I check my credit report?" the answer is definitely yes. A credit check online will give you the financial peace of mind you've been seeking... Learn more about who can access my credit report?

What info is on a Credit Report?

A credit report contains a list of all your credit activities, including your credit accounts, outstanding loans, credit card balances, and bill paying history, as well as some personal information. Most of the information on your credit report comes from the businesses you have outstanding loans or accounts with, including banks, mortgage companies, credit card companies, etc. Lenders usually report your credit information - good or bad - to credit bureaus... Learn more about What info is on a Credit Report?

Do all bureaus have the same information?

No. Although information collected by credit bureaus is supposed to be the same, inconsistencies frequently occur. The three major credit bureaus, Equifax, Experian and TransUnion, are all independent of each other and do not share any information, therefore the personal financial information that is contained in your credit file at one of the credit bureau companies will most likely not be exactly the same as the credit information in another... Learn more about do all bureaus have the same information?

Credit Report Glossary

Gain a quick and simple understanding of terminology from the credit reporting industry... Learn more about credit report glossary