A 3 bureau credit report means that you obtain your credit information for all three major credit agencies. The three major agencies in the United States are Experian, Trans Union and Equifax. It’s often wise to obtain a 3 bureau credit report since you know that you are getting all the information out there possible.
The Basics of a 3 Bureau Credit Report
As you pay your bills, most of your lendors report that information immediately to one of the three major credit bureaus. You can be assured that most of your information is coming directly from your creditors. Equifax credit reports are generally free but you can also order your report from Experian and Trans Union as well.
You are guaranteed by law access to your credit reports, including those from all the agencies. It’s wise for you to obtain a 3 bureau credit report to ensure you are aware of all the information out there on your credit. You can then take any necessary steps to ensure the best possible credit standing.
Sometimes there are discrepancies on your credit reports between the three major bureaus. The three bureaus are very similar; however, there are sometimes errors in the consistency between the various financial institutions. Your best bet is to get a 3 bureau credit report to cover all your bases.