3 Major Credit Bureaus And Their Roles
Tuesday, May 10th, 2011
Information regarding your credit history is what the 3 major credit bureaus have. At one of the 3 major credit bureaus, anyone that has ever applied for a credit or loan has a file there. Requesting a free report from all 3 is what you need to do in order to get an overall look at your credit report since merchants usually report to only one of the 3 major credit bureaus.
All you have to do to request a free credit report from either or all three of the major bureaus is to request a free report online. You can also send the request by mail and you have to provide all your personal information. To obtain a credit report from one of the 3 major credit bureaus, there are sites that will charge you but it’s necessary to know that you are entitled by law to one free credit report a year. You should contact the credit bureau directly to get your free report.
When the major credit bureau sent you your credit report, it’s for you to pay particular attention to certain sections of this report. On the first section, you will see your name and address. You should check this to make sure that it is correct. If you see inaccuracies in this section, then what you need to do is contact the bureau.
Details of your current bills is what you’ll see in the next section. Either one of the three may have different information regarding your credit history or each of the major credit bureaus contain the same information, depending on which merchants report to that credit. You should also note that you might have an excellent credit record with two of the 3 major credit bureaus and a poor rating with the other.
The amount of payment, due date, and listing of your bills should also be checked. This will show up on the credit report you receive from the 3 major credit bureaus if you have been late with a payment or missed one altogether. Another thing you should check is who has been inquiring about your credit history so that you can ensure no unauthorized company or person has been making inquiries without your permission. When you see that everything is in order, then you know that with the 3 major credit bureaus, your information is safe. You will need to contact the credit bureau if there are any inaccuracies in the debt information.
There are 3 credit bureaus and you need to know about them if you are concerned about your credit report.
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