Why is it important to check my credit report from all 3 national credit repository agencies?
It is important to understand that the three national credit agencies (Equifax, Experian, and TransUnion) are independent of each other and do not share information.Your personal and financial information that is contained in one of your files, may or may not be the same in another. The three (3-in-1) repository credit report helps you see how lenders see you; allows you to ensure the accuracy of your credit records and avoid ID theft. According to a study by U.S. PIRG, 70 percent of the credit reports have errors of some kind. Experts recommend checking your report with each of the three National Credit Agencies to ensure that errors are easily identified. Your three (3) repository credit report will help you make sure that the information on your credit reports from each of the credit agencies is accurate. When lenders check your credit history, they can pull your credit report from any agency(s). By checking all three yourself, you’ll be prepared no matter which agency(s) they go to
