What Information is on a 3 in 1 Credit Report Score?

A 3 in 1 credit report score contains information about your credit history and about your credit score. The report will provide this information from each of the three major credit bureaus in the United States so that you can get a full picture of everything that a lender sees when he checks your credit, no matter which reporting agency that lender uses to look into you.

Your 3 in 1 Credit Report Score Contains Account Details

Credit-Report-5734663Your 3 in 1 credit report score will contain details on all of the credit accounts that you have. This will include mortgages, credit cards, student loans, personal loans and any other kinds of debt that you have taken out and that are reported to the credit bureaus. The reports contain not just information on open accounts, but also information on accounts that you have closed and that are no longer active. This paints a full picture of your credit and of the length of your borrowing history for lenders.

Your Reports Contain Information On Payment History

One of the most important things that lenders look at is the information on your credit report that deals with your payment history. A 3 in 1 credit report score will contain details about your track record of paying all of the accounts that you have. This means that lenders can quickly see if you have ever been late on a payment. If you have been tardy at paying a bill, the report will detail whether you were 30 days late, 60 days late, 90 days late or more.

A 3 Score Credit Report Also Has Your Score

In addition to having a list of all of your accounts and details about whether you have paid them, a 3 in 1 credit report score will also provide to you information on the credit score that each of the credit bureaus has assigned to you.

The credit bureaus have their own proprietary formula for scoring your creditworthiness based on your payment history; the amount of your credit you use; the mix of different kinds of credit that you have; the age of your accounts; and the amount of new credit that you have recently applied for. For most lenders, the scores are the most important part of your credit report since they provide a shortcut way of knowing whether you are a good credit risk or a bad one. As such, you should look carefully at your scores when you check your record to see whether you are doing well or have some work to do to become a better borrower.

Checking all of your scores from each of the bureaus is easy with a 3 in 1 credit report score, so visit Credit Report 123 today to get started and see how lenders will view you if you try to borrow.

Does it Make Sense to Look at All 3 Credit Reports?

You probably already know it is a good idea to check your credit report on a regular basis, but what you may be less clear about is whether it makes sense to check all 3 credit reports on a regular basis. Each of the three major credit reporting agencies in the United States issues its own report on your payment history, and assigns you a score based on its own proprietary scoring metric. You may be uncertain about whether you should check just one of those reports or whether you should check all three. The answer to this question is a pretty simple one though. Checking all 3 credit reports makes a lot of sense.

Check All 3 Credit Reports Because A Mistake May Show Up On Just One

Many people have mistakes on their credit reports. For example, if someone has a name similar to yours, data may show up on your report when it actually belongs to the other person. When such a mistake is made, it is not uncommon for only one credit reporting agency to make that mistake. If you do not check all 3 credit reports, you could miss that mistake. This type of incorrect data on your report can drag down your credit score and make borrowing more costly for you.

Check All 3 Credit Reports Because They All Might Contain Slightly Different Information

While creditors typically report to all three of the major credit bureaus, this is not always the case. It is possible that one credit report might contain different information about a creditor or about debts that you have. The three major credit reporting bureaus will also assign you different scores as well. It is important to know how your credit appears on each of the 3 major credit reports so you will have a full picture of your financial situation.

Check All 3 Credit Reports Because You Don’t Know Which One a Lender Will Use

Finally, a last very important reason to check all 3 credit reports is that you never know which one a lender will use. You want to see what the lender is going to see. Fortunately, it is very easy to check all 3 credit reports, as you can see by visiting Credit Report 123 to learn more.

Advantages of a 3 in 1 Credit Report Score

A 3 in 1 credit report score provides you with comprehensive information about your credit history and credit record based on data and information provided by three major financial information bureaus in the United States. Looking at all of your debt information and your credit score in one convenient place, like a 3 in 1 credit report score, has many important benefits for you.

A 3 in 1 Credit Report Score Helps to Identify Mistakes Quickly

Obtaining a single report tCredit ratingshat has information from three credit reporting agencies allows you to more easily compare data and information across each of your credit reports. Since there will sometimes be an error on one report, but not on others, the single streamlined report makes it much easier to catch the inaccuracy and work to get it corrected.

A 3 in 1 Credit Report Score is Easier to Review

When you take a look at your credit report and score, it can be time consuming and cumbersome. Sifting through many different papers and reports in order to compare your credit score and information on all three different reports can become quite a hassle.

Simplify your life with one consolidated report. With one single report containing all of the data and information you seek regarding your debt and payment history, the process of keeping up with your credit and finances becomes much easier.

A 3 in 1 Credit Report Score Saves You Time

Because it is important to check your credit report and score from all of the major credit reporting agencies, a 3 in 1 credit report score can save you a lot of time. You will not need to obtain and review each report individually for each of the agencies, flipping from page to page, to compare the data after you have obtained the reports.

Instead, you can access all of the information you need in one easy-to-read report. This makes reviewing your credit report and score simple and easy. IDENTITY GUARD® Platinum provides you with three reports and scores in a convenient format. Visit Credit Report 123 today to learn more about get your 3 in 1 credit report score.

What is On Your Credit Report?

Your credit report is essentially a report card showing how responsible you have been with past borrowing and showing the type of debt that you have outstanding. It is important to know how to read your credit report so you can see what areas you need to improve to boost your score and so you can identify mistakes or problems with your credit report.

Your Credit Report Payment History

Your credit report contains information on your payment history for each of the different credit cards, mortgages and other loans and debts that you have. Your payment history reports will detail whether you have ever been late and, if so, whether your late payment was 30, 60 or 90 days late. If you had a debt discharged or declared bankruptcy, this will also show up in the payment history and public records section of your report.

Your Credit Utilization and the Kinds of Credit You Have

Another important thing that creditors look at on your credit report is the mix of different kinds of credit that you have and the amount of available credit you have used.

If you have a credit card with a $1,000 limit and you have used $500, this would indicate that your credit utilization was 50 percent. The lower your credit utilization, the better your credit score should be. Ideally, this should be kept below 30 percent.

The mix of different kinds of credit also matters, as lenders like to see that you have taken on different kinds of loans like a mortgage, car loan and credit cards, and have been responsible for paying all of them on time.

Checking Your Credit Report

Once you know what to look for on your credit report, you should check the report routinely in order to see what the creditors are reporting about your debt. You can also be on the lookout for any credit accounts you have not opened but that show up on your report. An account you do not recognize can be a sign that you have been the victim of identity theft or that a mistake is on your report.

There are services such as IDENTITY GUARD® Platinum that will allow you to easily check your credit on a regular basis. To learn more about these services, visit Credit Report 123 today.