3 in 1 credit report
In countries like United States, credit report of a person matters to great extent, especially when it comes to getting loan. Credit report of a person is prepared by 3 credit bureaus. These are Experian, Equifax and Trans Union. These credit bureaus operate at national level and record the repayment behavior of a person. Each of these credit report bureaus provides independent credit report. It has been found on many occasions that information provided by each of these bureaus is different.
This necessitates that a person must review his credit report as prepared by these 3 credit bureaus. 3 in 1 credit report is a report that encompasses credit reports provided by above 3 bureaus. Since credit reports are different, credit scores provided by 3 bureaus may be different. Many times, these credit reports contain errors. It is very important to rectify these errors else a person may suffer with respect to higher interest rates, denial of loan etc.
There are many online and offline sources in United States that provide 3 in 1 credit reports. These sources charge nominal fee for providing report. Apart from credit report, some other benefits are also obtained.
For example, most of 3 in 1 credit report providers provide articles and related information for managing credit. Similarly, credit scores are provided with various types of tips for improving the same. 3 in 1 credit reports are provided in easy to read format so that there is no problem in understanding various issues. Data from 3 credit bureaus is provided in side by side format so that comparison becomes easy. Last but not the least, all 3 in 1 credit report comes with toll free services assistance facility. For getting 3 in 1 credit report, a person needs to provide his contact information. He is given a username and password for his account and in future, he can log on with same username. For verifying his identity, a person is required to provide the credit card number and answer few questions.
Charges for getting 3 in 1 credit report vary. Normally, these are from $20-$40 for getting reports. Even credit report bureaus provide 3 in 1 credit reports. For example, Experian provides 3 in 1 credit report for a monthly charge of $12.95. Apart from credit reports, it also alerts a person whenever changes are made to 3 credit reports.
Many people have been able to make smart decisions on basis of 3 in 1 credit reports. With immediate online access to 3 credit reports, a person is able to know credit scores earlier than lender and can negotiate interest rate accordingly. Side by side comparison allows a person in getting credit decision based upon the credit report that has maximum score. Credit report bureaus like Experian also provide added facilities like Score Power. By availing this facility, a person can easily get his FICO credit score and credit score graph used by most of lenders. Current score can also be evaluated using this facility.
Since credit score of a person varies from 300 to 800, it is beneficial to get 3 in 1 credit report.
Other Articles
