With All Three Credit Reports You Can Keep Checking Your Credit History
By not ordering for all three credit reports required people make the most basic three mistakes. These mistakes are common to many and are committed by simple actions. But these easy actions then keep people away from their actual three credit reports, which they need. So what are these mistakes, which people generally commit? Are there any solutions that can help avoiding these mistakes?
Credit reports are something every one of us is familiar with. But even with an idea about the credit reports, not all of us have a proper concept of the credit reports. Credit reports are almost like the report-card of all your financial activities including the credit activities too. Depending on how consistently you pay your bills and how you spend, your credit score gets calculated and every transaction is reflected in your report.
However these reports cannot be received automatically. You need to request for these credit reports. From all the three major credit bureaus you can request for your free copy of your credit report. This is exactly where people make mistakes.
The first mistake: people request for credit information at only one of the major credit bureaus. It should be noted that all three credit reports from the three major credit bureaus are important as a collective credit report. There are a number of services online, which work in association with Equifax, Trans Union and the Experian.
These services can get you the three reports combined in one for you to view all three of them simultaneously. The mistake is requesting for one report at a time. There always remains a risk that the rest of the two reports at that hour may not be received.
The second mistake: paying for the credit report. If you are paying some amount of money to the services, which are promising to bring you the three required credit reports together at the same time, you are in a loss. If you go for the same offer of getting a view of the three credit reports together from the major bureaus you will not need to pay for the reports. So if you are paying for all three credit reports, you will not need to do that any longer.
The third mistake: the third and the biggest mistake is that we often tend to ignore the credit rating. It is often the idea of many that if one misses a payment it is fine and it will not affect the credit score. But, one should actually concentrate well on the credit score and find out what went wrong.
So get all three credit reports from the major credit bureaus and keep a check on your credit report.
Where Can You Get All 3 Credit Report Scores
It is important for all of us to know about 3 credit report score. Now, before anything goes it is important for us to know as of from where do we get hold of such credit report score? Well, apart from the state government who provides you with credit report score once in every year, there are 3 other governmental bodies that provide you with your credit report containing your credit score. They are likely as follows:
a. The TransUnion
b. The Experian and,
c. The Equifax
Apart from the state government, these are the 3 bodies from where you can obtain 3 credit report score. Have you ever wondered as of why do you need to have your credit score with yourself? Well, these will be required by you later in your life to determine your financial status and literally monitor them at every step that you take in your life. If you are looking forward to get hold of your financial status then it is of utmost recommendation that you get it from these governmental agencies. They give you a free financial profile to you.
How does the report work?
Well, the report works on the methods of being upgraded. With every possible loan that we take from lenders, the reports get updated with this information. And the corresponding message of the loan approvals gets forwarded to these agencies for them to keep our current financial status updates and to keep the reports consistent and regular.
However, not always does the lenders do this needful of taking the pain of dispatching the updated messages to the 3 credit report score agencies. At times only one gets informed and the others follow accordingly.
Where do you get your report from?
Now, summing things up we conclude that it is extremely important for you to get updated information about your credit report score. Just incase you have your personal loans sanctioned and you have a report at Experian, the score there will get effected with necessary updates as per your transactions are concerned. However, your profile might not get updated among all the 3 agencies. So, make sure you visit all the 3 before you collect your free credit profile.
Well, you can always try out the sate government to supply you with your free credit report. Just incase if the yearly benefit is over in your case, then you can always opt for any one of these credit report bodies. You can even go online in search for agencies that would get you your credit report for free. Just get registered with the bodies and initiate your request and you shall receive your 3 credit report score over the internet in no time.