A 3 credit bureau report can be useful for various reasons. There are 3 key credit bureaus: Experian, Equifax, and TransUnion, and each of them have their own knowledge about your credit, so to obtain a good credit score, you need all three.
Several financial institutions require a good score with all 3 credit agencies before they will approve you. For example, a house loan won't be approved if you have a bad credit rating from 2 out of the 3 bureaus. You also will not qualify for low cost life insurance, a credit card with a low interest rate, or some cases even an apartment. In essence, knowing your three score can save you time from applying to services which you already know you will not be approve for.
Another advantage about knowing your 3 credit bureau report score is that it can show you if somebody has been defrauding you or hijacking your credit profile. If, for example, somebody has been opening accounts in your good name without your knowledge, that information will show up on your 3 credit score report as derogatory. The knowledge of this information will allow you to take legitimate action to get the derogatory items removed from your credit bureau report.
There are many ways you can enhance your credit rating, but none of these tactics can be implemented if you do not know your credit score. One solution to improve your score is to acquire a couple secured visa cards and pay off your bills before they are due. If you continually pay off your balances in a timely manner, this will affect your credit score in positive way.
In addition to paying your bills on time, maintaining a low balance on your revolving accounts and credit cards are mandatory. High balances reflect someone who is strap for money which creditors tend to stay away from. You may be surprised at how many points your credit can rise by simply reducing your balances.
In the long run, it is worth it for you to keep your credit in good standing, because it means you will be able to qualify the things that are important to you. The ability to stay on top of your finances does not have to be difficult, the main thing is not living beyond your means. The more discipline your are now, the more rewards you will receive in the future.