Credit Report

A credit report is the foundation of your financial reputation in the world of business, which includes mortgage companies and other potential lenders. Credit can be an essential building block to financial security. This means that knowing and understanding what is contained in their own credit report should be a priority to each individual. In order to achieve a full understanding, having all relevant information is necessary.

There are three major credit reporting agencies, Experian, Trans Union and Equifax. Because they do not share or exchange information, it is necessary to view information from all three of these companies. This can be done in a single report, called a 3-in-1, a 3-bureau, or a triple-merged credit report. In addition to informing the consumer by listing all those who have reviewed it, the credit report provides information concerning the status of credit accounts or loans, credit limits, payment patterns, monetary judgments, liens and bankruptcies.