Credit Bureaus

Major Credit Reporting Agencies That Control Your Credit Reports


Credit reporting agencies or credit reporting bureau that manage historical credit information about individuals and their businesses. The information that they receive is compiled into a credit report. This report shows the credit score that helps potential employees rate their credibility. Usually, the credit score is measured by Vantage Score and it’s the most modern way of calculating the credit score. It uses letters instead of numbers to calculate the credit score. Credit reporting has done its job for a century but with time local agencies were transformed into three main categories named Central US, Experian the West and Equifax.

Experian:

Experian is one of the biggest names in credit reporting agencies. It’s an Irish based multinational agency. It maintains more than 235 billion individuals and businesses. The company is based in Ireland with its offices in three major countries named as United States, the United Kingdom, and Brazil with 17000 employees. The company creates analytics based on the information collected from the users. This report can be used to predict whether to continue giving mortgages or not etc. The company provides free credit reports to US persons once in a year. Whenever a person buys a new car take a loan or purchase a house. He or she has to undergo a credit check. This credit check is very important. It proves a person’s financial condition to the seller. This check is in a form of credit report and these reports are generated by big names like Experian.

TransUnion:

TransUnion is another name in the Big three credit reporting agencies. A US-domiciled agency based in Illinois and has more than one billion individuals in their community. Like all other credit reporting companies, this company also provides a FREE credit report to its users once in a year. The cost of getting TransUnion is 9.95$ but it cost also depends on the area where you live.

Equifax:

Equifax, with more than one 800 million individuals it is another name in big three. Like other companies, it also provides demographic analytics, sells credit statistics and fraud prevention gigs to its customers. The company takes credit information and then creates analytics that shows the changes of a person to pay back loans and mortgages.

Big credit companies like Chase sapphire, Citi double cash and Discover it uses services of Equifax. Equifax has a good score of 760-850 and good score rating of 660 to 724.

Conclusion:

Summarizing all the above credit reporting agencies take useful credit information from its users and create a credit report and this report is extremely important for the business owner in checking the financial health of a person while he/she is purchasing mortgages, renting a house or maybe purchasing a car. Three big names control all the credit reports and among them, two big are Experian and Equifax. Besides creating report these companies also provide credit monitoring and fraud prevention services.


18 Comments

  1. Anonymous
    December 14, 2020

    I am in fact happy to read this web site posts which includes tons of valuable information, thanks for providing these kinds of data. Antoinette Lorrie Tiena

  2. erotik izle
    December 14, 2020

    I am sure this paragraph has touched all the internet viewers, its really really good post on building up new web site. Maris Garey Etoile

  3. Anonymous
    December 17, 2020

    I think you have observed some very interesting details, thank you for the post. Bibi Hillary Cristiano

  4. ทางเข้า sbobet
    February 24, 2021

    What’s up, yup this post is in fact pleasant and I have learned lot of things from it about
    blogging. thanks.

  5. sbo
    February 25, 2021

    Woah! I’m really digging the template/theme of this blog.
    It’s simple, yet effective. A lot of times it’s very hard
    to get that “perfect balance” between user friendliness
    and visual appearance. I must say that you’ve done a awesome job with this.
    Also, the blog loads extremely fast for me on Firefox.
    Superb Blog!

  6. sbobet
    February 27, 2021

    Hi there I am so delighted I found your webpage, I really found you by
    error, while I was browsing on Askjeeve for something else, Regardless I am here now and
    would just like to say kudos for a remarkable post and a all round enjoyable blog (I also love
    the theme/design), I don’t have time to look over it all at the minute but I have book-marked it and also added your RSS feeds,
    so when I have time I will be back to read more, Please do keep
    up the superb work.

  7. gummies
    March 1, 2021

    Heya i am for the first time here. I came across this board and I find It truly useful & it
    helped me out much. I hope to give something back and help others like you aided me.

  8. sbobet
    March 1, 2021

    Wow, this piece of writing is nice, my sister is analyzing these things, thus I am going
    to let know her.

  9. sbo
    March 2, 2021

    Hi there to all, how is the whole thing, I
    think every one is getting more from this web page, and your views are fastidious
    in favor of new viewers.

  10. CBD gummies for pain
    March 2, 2021

    Thank you for any other magnificent post.
    Where else may just anyone get that type of info in such a perfect manner of writing?
    I have a presentation subsequent week, and I am on the look for such information.

  11. buy CBD oil
    March 2, 2021

    You really make it seem so easy with your presentation but I find this matter to be actually something that I think I would never understand.
    It seems too complicated and extremely broad for me.

    I am looking forward for your next post, I’ll try to get the hang of it!

  12. Hello There. I discovered your weblog the use of msn. This
    is an extremely neatly written article. I’ll make sure to bookmark
    it and come back to read more of your useful information. Thanks for
    the post. I will definitely return.

  13. best cbd oil for dogs
    March 2, 2021

    Greetings from Colorado! I’m bored at work so I decided to check out your site on my iphone during lunch break.

    I love the information you provide here and can’t wait to take a look when I get home.
    I’m amazed at how fast your blog loaded on my cell phone ..
    I’m not even using WIFI, just 3G .. Anyways, superb site!

  14. anxiety
    March 2, 2021

    I like the helpful info you provide in your articles. I will bookmark your weblog and check
    again here frequently. I am quite certain I’ll learn lots of new stuff right here!
    Good luck for the next!

  15. sbo
    March 3, 2021

    Hi there, I found your site by the use of Google at
    the same time as looking for a related subject, your web
    site came up, it appears great. I’ve bookmarked it in my google bookmarks.

    Hello there, just became alert to your blog via Google, and located that it is really informative.
    I am going to be careful for brussels. I will appreciate in the event you proceed this in future.
    Lots of folks will likely be benefited out of your writing.
    Cheers!

  16. slot online
    March 6, 2021

    Hi, i think that i saw you visited my web site so i came to “return the favor”.I’m attempting to find
    things to improve my site!I suppose its ok to use some of your ideas!!

  17. Greate post. Keep posting such kind of information on your page.
    Im really impressed by your site.
    Hi there, You’ve performed a fantastic job. I’ll definitely digg it and in my opinion suggest to my friends.

    I’m confident they will be benefited from
    this site.

Leave a Reply