The three main credit bureaus used in the United States are Experian, TransUnion and Equifax. These agencies collect and collate personal information, financial data, and non-financial data (such as utility, rental, and telecommunications payments) on individuals from a variety of sources called data furnishers with which the bureaus have a relationship. Data furnishers are typically creditors, lenders, utilities, debt …
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How are credit scores calculated?
The methods of calculating your FICO may differ slightly depending on the credit bureau. When obtaining your score from one of the Credit Bureaus it is important to understand that your score does not come directly from FICO. It is adapted to each bureau and is given its own name: Equifax uses “Beacon”, Trans Union …
How to Get a Credit Report
There are three main credit reporting agencies where you can obtain your credit report: Equifax, Experian, and TransUnion. Each of these institutions gathers information on you from a host of sources and they put it all together into a readable document. You can obtain a free credit report from these agencies once a year through www.annualcreditreport.com. This is a …