There is a lot of emphasis on every one to obtain a credit report. A credit report is essential for many financial institutions use it to determine your credit worthiness. It is important that you be aware of what image your credit report portrays to the financial organizations from which you are applying for loans.
The credit report contains information regarding all your credit transactions used in determining your credit score. Credit reports assist you to keep track of all your financial activities and be aware of your credit status. This will help you to maintain a good financial record. If you have a bad financial record, it will be rather difficult for you to obtain financial assistance from the loan lenders and other financial institutions. The three in one credit report contains credit reports from the three credit reporting companies. It is good to have the complete report for it will provide you with reliable information regarding your credit data. This will allow you to manage your finances in a better way.
The three in one credit report is a comprehensive document containing all the information regarding your financial transactions in a year. The three credit reporting companies provide the free report as a compliance to the federal law that stipulates that every individual is to have a free one once every year. The information got from the three companies is the same although the methods used to arrive at the data is different. This means that some of the reports may be misleading as they may contain misinterpreted information. Having the three in one report helps minimize confusion by having all the information in a single document.
The three-credit-report is issued by three agencies TransUnion, Experian and Equifax. All the information regarding your credit transactions are collected by the bureaus and submitted into one single document. This way you are in a position to compare and contrast the report and be able to clear any errors and irregularities that may be contained in the document. You will be able to get a better deal by having the correct credit reports.