A 3 in 1 credit report is different from a single credit report because it provides you with your complete information from all three nationally-accredited United States credit bureaus – Experian, Equifax, and TransUnion. A single credit report contains your information on file with any one of those institutions.
PLUS Score
Your PLUS Score is a consumer-focused credit rating that is based on the information in your credit report. Your score is calculated using a formula similar to those used by lenders and compares your credit report to that of today’s average U.S. consumer. Your PLUS Score can range from 330 to 830 points and the higher your score the lower credit risk you possess. The PLUS Score is the most accurate of any credit rating because it uses the latest data on consumer spending habits, so you will be sure you know your correct rating despite other lenders’ scoring systems.
Why you should get a 3 in 1 credit report
Whether you are applying for a job, looking for a new house or apartment, buying insurance, or taking out any type of loan, most likely someone will be taking a look at your credit report and basing their decision on your credit status and score. Don’t you think you should know what your credit report and information are saying about you as well?
Why your credit report may differ between the three individual bureaus
Creditors have the option of sending information for a client to any of the three bureaus. While most creditors will send the information to all three, others may only send it to one bureau. When a creditor sends your information to only one or two bureaus, the other bureau(s) do not have access to that specific information and then not display that information, thereby causing your reports – and sometimes your rating for each institution - to look different. Some creditors report to more than one bureau, so your information might be different with only one of the bureaus.
Why it is important to check your credit report at all three bureaus
When creditors, landlords, and employers check credit history, they too have the option of choosing which bureau they wish to check, as well as the option to check all three. By verifying all your information with a 3 in 1 credit report, you can be prepared for whichever bureau people might check.
How to get your 3 in 1 credit report
There are various websites that offer access to your credit report for all three bureaus. Credit.com is one online company that provides excellent credit service in many areas, including Three Bureau Credit Reports, Single Bureau Credit Reports, Credit Monitoring (helpful if you are concerned about identity theft or fraud) and even free credit reports! The sign up process is easy - all you need is a valid credit card to confirm your identity - and you will be able to see your credit reports for Experian, Equifax, and TransUnion all in less than 60 seconds.
By Monica Drusch
Other Resources:
Need help with your credit card debt?