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Instant Credit Report > A Combined Instant Credit Report from Three Bureaus
A Combined Instant Credit Report from Three Bureaus |
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If you are really serious about your credit rating, you should view your instant credit report regularly. Your credit rating is clearly mentioned in your instant credit report and your creditors take it as the deciding factor for the approval of your loan. For a secure financial life it is important to have a good credit. If, however, your credit rating is tarnished like that of millions of Americans, which is most often a direct result of the misuse of credit cards and your failure on payments, then perhaps it's time for some "plastic" surgery on your credit report. Regardless of how bad your current credit record looks, you can turn it around with a sincere desire and some concerted effort. Most creditors and employers rely on single-bureau credit reports for credit decisions. It is all right to contact one of the three credit reporting-agencies to view your instant credit report. But if you focus on getting a 3-in-1 instant credit report, it would be more beneficial for you because you would be able to view your credit status at one go. In America, there are three major credit-reporting agencies that have been providing credit reports to the consumers for years. These three credit-reporting agencies are Experian, Equifax, and TransUnion. Usually, these three credit-reporting agencies do not communicate with each other, so you actually have three different histories. When you go for the merged instant credit report, you can easily spot the differences, since not all credit grantors report to all the three bureaus. Besides, you would be able to compare the information that each credit-reporting agency has on file about you. In fact, the graphically enhanced 3-in-1 Credit Report is displayed in a unique list and stack format, with the account information from each credit bureau presented side-by-side. The 3-in-1 Credit Report is the most complete picture of a consumer's credit history, and it includes a quick summary of all the account information. The major benefits that you get with a 3-in-1 instant credit report are: --You would get a comprehensive and easy-to-read report with line-by-line comparisons of the information from the three major credit reporting agencies. --They are available on the Internet. The online access is relatively quicker and more efficient. --You can return to view a snapshot of your 3-in-1 Credit Report online for 30 days. --You would get Special toll free customer service support - dedicated to 3-in-1 Credit Report customers. The credit-reporting agencies track your instant credit report in a customer record. The customer record can then be used to generate a credit score. It is advantageous to have a higher score because that boosts your chances of qualifying for any additional credit or for the loan that you need for that new house or car. It is important to note that when lenders consider a loan or credit application, additional information is usually required for making the credit decisions. A creditor will usually ask for information like your monthly income, employment history, and your current outstanding debts to make an assessment as to whether or not you are capable of repaying your loan. If you find any kind of error on your 3-in-1 instant credit report, inform the CRAs (consumer reporting agency) in writing what information you believe is inaccurate. Include copies (not originals) of the documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item you dispute in the report; state the facts and explain why you dispute the information, and request deletion or correction. Send your letter by certified mail and request a return receipt, so that you can document what the CRAs received. Keep copies of your dispute letter and enclosures. CRAs must reinvestigate the questionable items in your instant credit report, unless they consider your dispute frivolous. They also must forward all the relevant data you provide about the dispute to the information provider. After the information provider receives the notice of a dispute from the CRA, it must investigate and review all the relevant information, and report the results to the CRA. If the information provider finds the disputed information to be inaccurate, it must notify all the nationwide CRAs, so that they can correct this information in your file. |
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