How the Three Major Credit Bureaus Compare


Ever wonder where your credit report comes from? The answer is simple: the credit bureaus. Equifax, Experian and TransUnion represent the three largest consumer credit reporting agencies in the U.S. All three bureaus collect information about your financial accounts and use them to generate your credit report. The information in your report is then used to calculate your credit score, the three-digit number lenders use to make credit decisions. But, your credit score with one bureau may not be the same as the other two. That’s because the three credit bureaus don’t always use the same information to create your…