3 Bureau Credit Score
What is a 3 Bureau Credit Score?
The 3 Bureau Credit Score, also known as the 3 in 1 Credit Score or Triple Credit Score, is the composite Credit Score issued by all 3 Credit Score Agencies -- Experian, TransUnion and Equifax.
When you order a Credit Score or report from a TV advertisement or from an Online Credit Score company, you will receive a credit score issued by one of the three national Credit Score Agencies -- Equifax, Experian or TransUnion. However, the Credit Report Score that you get may not give you the most accurate picture of your credit profile. This is because the three Credit Reporting Agencies may use different information in compiling your credit profile and issuing your Credit Scores.
For example, let's say you take advantage of the historically low interest rates and refinance your home mortgage. The pay-off of the original mortgage might be accurately reflected in the Credit Score issued by TransUnion. However, the Credit Bureau Score issued by Experian and Equifax might show the debt as still outstanding. To anyone checking your credit with Experian or Equifax, it would look like you have two mortgages! So, if you were to apply for a car loan or other credit with a merchant using the Equifax or Experian credit score report, your report would likely show a poor credit score and your application would be rejected.
Unfortunately, we do not know which of the Three Credit Reporting Companies will be used by a particular lender to check your credit report. Therefore, it is important to check all 3 Credit Scores when your order your online credit score. These offers usually come with a trial offer for 3 Bureau Credit Report Monitoring - which alerts you to credit inquiries and unusual activity involving your credit.
We recommend that before you order an online credit score, you make sure that you are getting a 3 Bureau Credit Score, Triple Credit Score or 3 Bureau Credit Report Score. Each of these products provides your credit rating information as reported by all three Credit Reporting Companies, so that you have the most accurate information and can fix credit score errors before you are denied a loan or are required to pay a higher interest rate for credit.
Many consumers are pleased with the 3 in 1 Credit Report and Score or 3 Bureau Credit Score issued by Equifax, which provides all 3 Credit Reports and Scores issued by the three Credit Bureau Reporting Services - Equifax, Experian and TransUnion. Here is a link to their site:
""Get Equifax 3 Bureau Credit Report and Scores Now!""