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.

ID Theft: What Does It Mean?

ImageID theft is a criminal act in which a wrongdoer takes the personal information of another individual.  The person who commits the identity theft often uses the social security number, name and birthdate of the victim. In some cases, the identity thief will also use other information, such as the victim’s health insurance information. The goal in every case is for the identity thief to secure products or services, or otherwise to enrich himself, at the expense of the victim.

How Does ID Theft Happen?

Theft of identity occurs when a thief is able to get access to personal identifying details. There are a huge variety of different ways this can occur. In some simple identity theft cases, the criminal will just jot down the credit card information of a victim who comes into a store or restaurant where the criminal works. In other cases, complicated identity theft rings are set up that use computer hacking or email phishing to try to obtain personal data. Criminals can also install special devices on ATMs or card readers to steal information, or can go through garbage and recycling to try to find private details.

What Are the Consequences of ID Theft?

ID theft has very serious consequences.  When a victim’s identity is stolen, the victim could have his or her credit damaged. The thief will use the victim’s information to open a credit card and not pay, resulting in the creditor reporting negative information to the credit bureaus or even pursuing a court judgment against the victim.  If the thief has misused the victim’s information to secure health insurance services, then the identity theft could also result in the victim’s health suffering due to inaccurate information in his medical records.

Victims of ID theft can undo some of this damage by contacting creditors, credit reporting agencies and law enforcement to report the ID theft and to get incorrect and inaccurate information removed. However, it can be very time consuming to undo the damage an identity thief has done. This is why it is important to take steps to protect your identity.

How to Protect Your Identity

You can protect your identity by taking common sense precautions such as being careful about who you give personal information to, ensuring you only use secure sites on the Internet, and shredding mail with personal data before you throw it away.

You can also use a credit monitoring service such as IDENTITY GUARD® in order to help you to reduce the risk of identity theft.  Knowing what theft of identity is, it is easy to see why such a service makes sense. Identity theft services can monitor your credit report and alert you to certain triggering events that suggest your information may be being misused. You can then take action faster to stop the criminal in his tracks.

To learn more about how a credit monitoring service can help you fight ID theft, visit the IDENTITY GUARD® website today.

Best Credit Monitoring Service

If you are looking for the best credit monitoring service on the market, then it is important to understand how credit monitoring works and what it means to have the best credit monitoring service on your side. First you will want to make sure that you are turning to a professional company with years of experience in credit monitoring. It is also important that you turn to a credit monitoring service that provides you with all three different credit scores for a complete credit report. Every person should know about getting a credit report and what it means to get a credit report from a professional company.

Are You Using the Best Credit Monitoring Service? What Your Company Should Offer

If you are turning to the right company for help with credit monitoring services, the process of getting your credit score should be fast and easy. These are the typical steps involved with getting a credit score from a credit scoring company:
1- Complete an information form. This will typically ask for some basic personal information so that the credit company can track down your financial information.
2- Verifying your information. So that the company isn’t just giving out information to anyone with your name and address, you will need to be able to verify your information and your identity as part of a security measure.
3- Accessing your report. In most situations you will be able to access your credit score right online in a matter of minutes.

Turn to the best credit monitoring service in the market

If you are truly turning to the best credit monitoring service in the business, then the company will make it this simple in order to get the type of credit report you are looking for, whether you need an annual credit score or if you are looking for a credit report for a specific purchase.

With this in mind, make certain you are turning to the best credit monitoring service by taking the time to research the company you are considering and to make certain they are providing you with the right type of services for you. Simply take the time to do your research on the company you are considering and you will find that you can easily locate the best credit monitoring service for you and a company that can help you get a better view of what your credit score is.

Annual Credit Report

If you haven’t gotten an annual credit report recently, then it may be time for you to get one of these reports. These reports are important for making big financial decisions. The good news is, if you do want to get a detailed credit report on yourself, there are many companies that have made the credit score monitoring process quite easy. When getting an annual credit report, first you will want to make sure that you are getting the right type of credit report. When you receive a credit report, the three major credit agencies; Equifax, Experian and TransUnion will all provide you with an individual credit score. You will need these three scores to get a complete view of what your credit score is.

Understand Your Annual Credit Report

It is also important to make sure you understand how this process of getting a 3-in-1 credit report works. If you are turning to the right company for help with credit monitoring services, you will find the process can be quite easy. These are the typical steps involved with getting a credit report from a credit reporting company:

1- Complete an information form. This will typically ask for some basic personal information so that the credit company can track down your financial information.
2- Verifying your information. So that the company isn’t just giving out information to anyone with your name and address, you will need to be able to verify your information and your identity as part of a security measure.
3- Accessing your report. In most situations you will be able to access your credit report right online in a matter of minutes.

Getting Your Annual Credit Report

Finally, when it comes to getting an annual credit report you should know the primary reasons people have for getting credit scores. Here are some of the top reasons that people will get a credit report:
• Renting an Apartment- You will find that most landlords want to have some type of proof that you are financially responsible and that you will follow through on your financial commitment.
• Buying a Home- Part of getting a mortgage for your home, often lies on your credit score.
• Determining Identity Theft- A great way to determine if you have been the victim of identity theft is to check your annual credit report.
• Purchasing a Vehicle-Many times, when you are purchasing a vehicle, you will find that the company will run a credit check on you before setting up any financing.

3 in 1 Credit Report

If you haven’t gotten a 3 in 1 credit report recently, then it may be time for you to get one of these reports. As most people today know, it is very important that you have a detailed view of what your current credit score is before you make any major financial commitments. A credit score can make or break your ability to buy a car, purchase a home or rent a property. What you will want to do when finding out your credit score is to get a 3 in 1 credit report from a professional company.

Reading your 3 in 1 Credit Report

What this means, is when you get a detailed credit score monitoring report you will actually be given three different credit scores. When you receive a credit report, the three major credit agencies; Equifax, Experian and TransUnion will all provide you with an individual credit score. You will need these three scores to get a complete view of what your credit score is. It is also important to know the different reasons that you may need to get your 3 in 1 credit report, so that you can be prepared when it comes to making these big financial decisions. A good rule of thumb is any time you will need a loan, whether its for opening a new line of credit of leasing a car, you will likely need a 3-in-1 credit report. There are also many companies that will require a credit score if you are making a big purchase that you will be making multiple payments on.

The Process of Getting a 3 in 1 Credit Report

It is also important to make sure you understand how this process of getting a 3 in 1 credit report works. If you are turning to the right company for help with credit monitoring services, you will find the process can be quite easy. These are the typical steps involved with getting a credit report from a credit reporting company:

1- Complete an information form. This will typically ask for some basic personal information so that the credit company can track down your financial information.
2- Verifying your information. So that the company isn’t just giving out information to anyone with your name and address, you will need to be able to verify your information and your identity as part of a security measure.
3- Accessing your report. In most situations you will be able to access your credit report right online in a matter of minutes.