Most consumers are aware of the three major credit bureaus that track credit activity. If you regularly check your credit report, you may think checking information from just one credit bureau is sufficient, but reviewing a three-bureau/three-score report is important to a comprehensive identity protection and credit monitoring regimen.
Because the information on each report can differ – since not all creditors report to all three credit bureaus – checking your credit reports and scores from all three bureaus is the best way to review your complete credit history and catch any inaccuracies or errors.
While most credit bureaus follow similar models for tracking and scoring credit, those scores still can end up varying. ProtectMyID® offers comprehensive identity theft detection across all three bureaus and is designed to help consumers prevent the damage caused by identity theft.
A three-bureau report also gives you a broader, more comprehensive view of your credit history as lenders would view it. If you’ll be applying for a new credit card, an auto loan or mortgage, odds are good that the creditor will view one – and possibly all three – major credit bureau reports. Since you may not know in advance which one they will use for reference, reviewing all three reports yourself could mean fewer surprises when seeking new lines of credit.
Looking at your reports from three main credit reporting bureaus is an effective way to spot errors or signs of fraud, protect your identity, and help you have the best understanding possible of what your credit report shows.