Which credit reporting agency is best for the credit report?
I know that i can get my free credit report once a year, but there are like 3 reporting agencies to chose from. Which of those agencies is most accurate, and gives out the most info? I want one, to show all the negatives thing i might have in order for me to fix them, if there are any.
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The only thing im going to say about that is EVERY time you check ur credit, it hurts your credit, no matter what. Just checking it hurts it…
i HATE the credit industry
There is no one better than the other. You have to check your report at each. Not all creditors report to all three. Some only report to one. And of course, an error on one may not show on others.
You get a free annual credit report from each of the three credit bureaus. I suggest you space them out, one credit bureau every 4 months. That way you’ll have year round credit report checking.
You really have to check all 3 as most banks work with all of them. Also from my research it appears all 3 agencies have developed a united system called "VantageScore as read here (amongst other places):
http://www.instantonlinecreditscore.org/credit/what-is-vantagescore/
The bottom line is, you will find that the same discrepencies will most likely appear on all 3 reports so it’s best to get a 3 in one report (site above possibly?) and look at them all.
Hope this helps you out..
You can get all three for free. This is from the Federal Trade Commission website:
AnnualCreditReport.com is the ONLY authorized source to get your free annual credit report under federal law. The Fair Credit Reporting Act guarantees you access to a free credit report from each of the three nationwide reporting agencies — Experian, Equifax, and TransUnion — every twelve months. The Federal Trade Commission has received complaints from consumers who thought they were ordering their free annual credit report, but instead paid hidden fees or agreed to unwanted services. Don’t be fooled by TV ads, email offers, or online search results. Go to the authorized source when you request your free report.
http://best-free-credit-report-usa.blogspot.com/
The problem is that not all creditors report to all three bureaus and not all lenders use the same report. Some information will show up on some reports and not others. Get all three FICO scores and credit reports — but make sure you don’t go to the individual credit bureaus to get your scores. They each use something called a credit score, but they use different formulas to achieve a number. What you need is a FICO score — which you can only get from the Fair Isaac Corporation, a company based in California. FICO, put simply, is a persons credit score.
The FICO score scale ranges from 300 to 850, with the majority of people in the United States in the 600 – 850 range. You can only get your FICO score from http://www.myfico.com. It will cost $15 per credit bureau or $45 for all three scores.