Don’t Make The Mistake of Thinking You Only Have One Credit Report
Most people speak of having a “credit score” when in fact most people have at least three or more scores – and these scores can vary widely. There are three major credit bureaus in the country that develop credit reports and calculate credit scores. There are also a number of smaller credit bureau companies.
Plus, some larger lenders calculate their own credit risk scores based on information in your credit report. When repairing your credit score, then, you should not focus on one number – at the very least, you need to contact the three major credit bureaus and work on repairing the three credit scores separately.
It is important to understand that all three of your credit reports are going to vary therefor all of your credit scores will be different. When you go to evaluate your credit reports and scores use reliable sources. Most of the free websites do not give you access to all three credit reports and often contain incomplete information. The credit scores they provide are also not the credit scores lenders look at when making lending decisions.
