Taking time to get to know the top three credit reporting bureaus makes a difference towards the improvement of your credit score. as they are the ones who handle financial information contained in your credit report. They are those who gather certain financial information from you and thus make it possible to compute your credit scores. The three major credit bureaus are the Equifax, Experian and the TransUnion. These three credit reporting companies calculate credit score using different credit scoring models. Although these credit bureaus provide somehow different credit reports, lenders are more likely to look at credit reports coming from the three of them or would just choose whichever they would prefer to use for their assessment.

Equifax credit report,, Experian credit report and TransUnion credit report have so many things in common. They all collect your personal information especially those dealing with your financial behavior, track your re-payment history to creditors and assess your timeliness in repaying debts. It is from these information that lenders generally look at, to assess whether you’re a threat should they lend you money.

Equifax Credit Report, as one of most popular credit report, compiles personal credit information from all or most of the credit users all over the United States. Credit information about you is continually stored and updated into Equifax databases and converted into a FICO credit score which is what the majority of lenders ultimately make their lending decisions on you. It offers a 3-in1 credit report and your real FICO score wherein you get to see your two other credit reports from the remaining two credit reporting bureau that also provides your credit score.

The major portion of your Equifax credit report consists of every detail about credit accounts opened in your name. Every account where you are an authorized user or to where you have filed credit card applications, etc. that has your personal information listed. The date the credit line was open, its credit limit on the card, balance to be paid, history of payment, your closed or inactive accounts and other things are just what the Equifax collect from your account providers and thus will be reflected in your credit report. Credit reporting agencies record an inquiry whenever your credit report is shown to another party, such as a lender, service provider, landlord, or insurer. Inquiries remain on your credit report for up to two years. Matters of public record obtained from government sources such as courts of law including liens, bankruptcies, and overdue child support may appear on your credit report. Most public record information stays on your credit report for 7 years.

There are also other features that the Equifax website offers for a fee. Such as service that keeps track or monitors updates in your credit report and credit score. That’s one of most reliable credit montioring service. They also provide you with help on how to understand your credit score and factors affecting your credibility. It also comes with a credit analyzer and other useful tools that can help you with your credit repair and other things concerning your credit. Also, they can keep you insured with their identity theft protection that you just might consider. The best advice is to stay active and diligent as far as your credit score goes. And getting and studying your Equifax credit report is just one way to do that in order for you to effectively boost your credit score. If you are a fan of FICO score, you should Get Equifax Score Watch.

Next - Multiple Lines of Credit: Can This Improve Your Credit Score?