There has been lot of talks about getting free credit report. But we need to know what exactly a free credit report comes with. There are three types of credit reports being advertised out:
The first type of credit report is the credit report where you just get a credit report from just one of the three bureaus namely Equifax, Trans Union, and Experian. There is no logic getting credit report from one bureau only. There are three bureaus all of them report somewhat different information. We need to get credit report from all of three bureaus. This is called 3-1 credit report.
The second type of credit report is the 3-1 credit report with credit score. In this credit report, you will have all of three bureaus reporting your information with credit score from just one agency. This is better to some extent compared to the first credit report. But since there are three bureaus reporting about your credit, it would make sense to get score from all of them and not just from one agency.
The third type of credit report is the 3-1 credit report with scores from all 3 agencies. This is the best credit report because this is the report that lenders look at. Most of people getting a free copy of their credit report are not sure what they are actually getting. It is in our interest to get your credit report with all three bureaus and all three scores.
No comments:
Post a Comment