The Major Credit Bureaus and What They Mean To Your Credit Report
Credit bureaus have forever changed the way we borrow money. Americans used to go to their neighborhood bank where the loan officer greeted them by name, maybe lived just down the street. It was a very personal way of lending, but it no longer exists. Banks are too big now to personally know all their customers. Today the major credit bureaus have stepped into the void by offering your credentials (in the form of a credit history) direct to lenders.
What Credit Bureaus Do
There...(read more)
The Basics On Credit Bureau Reports
When you apply for a loan, lenders rely on credit bureau reports to learn how trustworthy you are with money. They want to know: Do you pay on time? Have you skipped out on any obligations? Three major companies, called credit bureaus, collect and sell this information, which is known as a credit bureau report. The report usually also contains a credit score - a numerical ranking of your credit worthiness.
What's Inside Your Report
Thnk of credit bureau reports as essentially a...(read more)
What Your Credit Report Agency Provides
Before you meet with a lender, order your credit report agency file along with with current FICO score. Why? You want to be looking at the same thing your lender sees when he or she evaluates your mortgage application. You're allowed one free report every year from each major credit report agency: Trans Union, Experian, or Equifax.
Think of a credit report agency as a scribe who just reports the facts, ma'am. They compile information into a credit report that shows all your...(read more)
A Credit Reporting Agency - Partners In Gathering Information
What is this mysterious credit reporting agency that collects data and compiles reports on you? If you're like most Americans, somewhere a credit reporting agency keeps your financial history. The agencies gather information on consumers to share with lenders so they can better estimate their risk in giving you money.
What a credit agency does is create a file on you. There is a lot of information in this file, and it's for sale to almost anyone who has a good reason to see it....(read more)
Trans Union Credit Report
The credit bureau that issues your Trans Union credit report is one of the world's leading business intelligence providers. Founded in 1968, Trans Union maintains records on well over 200 million Americans, with other operations throughout the world. Each year Trans Union processes literally billions of pieces of information.
Your Trans Union credit report provides important information about your financial history that you need to know when preparing for major financial...(read more)
Free Trans Union Credit Report Info
Your free TransUnion credit report provides a great deal of raw information. The importance of the data is in how it's interpreted. To get the maximum benefit from your credit report, here's how to see the report data like a creditor does.
Your Free Trans Union Credit Report Covers:
Identification
Credit History
Public Records
Report Requests
Identification Section
This lists your name, current and former addresses, phone number, Social Security number, birth date and...(read more)
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