All You Need to Know About 3 Major Credit Bureaus

There are three major credit bureaus in the United States, namely, Experian, Equifax and TransUnion. As per the FCRA (Fair Credit Reporting Act), all three agencies are to provide a free copy of the credit report to each and every US citizen. To get the copy all you need to do is to request the credit reports from all the agencies. It is best to access the official website of these agencies and send an online request. In case you don’t have access to the Internet, you can make requests through a fax or a phone call.
Read below to find more about each credit agency:

1. Equifax: This agency is embedded in the financial system of the State and gives both the consumers and business the needed information. It has been serving people for over 100 years and has earned the reputation of being the most reliable credit agency. It will not be wrong to term this agency as the global leader in income and employment verification, information solution and human resources business process outsourcing. This is not all, they maintain the largest and strongest commercial and consumer data with the help of their proprietary technology. All this helps in improving the credit lives of the businesses and consumers. They even offer services like portfolio management, business and consumer credit assistance and fraud detection.
2. Experian: This credit agency is well known for providing assistance in over 65 countries. It is an important global information service provider that helps business and customers to analyze the credit risk, protection from frauds or identity thefts and helps in decision making.
3. TransUnion: This credit agency offers superiors information and credit management services. They gather, analyze and deliver the necessary credit information for the advantage of the businesses and the consumers. Their aim is to improve the efficiency, risk management and reduced cost and revenues by the means of comprehensive data.

The credit reports is one of the most important documents as it distinctly brings out your financial health. This is the only valid way to know whether the lenders would lend you money and if yes what rate of interest you will have to pay. Credit reports also give you the chance to report the errors or frauds and get them rectified to overall improve your credit score. All these credit bureaus even offer credit monitoring services to help you improve your score scales.