The Three Major Credit Bureaus: TransUnion, Equifax, and Experian
The Three Major Credit Bureaus: TransUnion, Equifax, and Experian
Credit bureaus are businesses that collect and store information about your credit history. They provide this information to lenders and other businesses so that they can make decisions about whether to offer you credit, and how much credit to offer you.
There are three major credit bureaus in the United States: TransUnion, Equifax, and Experian. Each bureau has its own strengths and weaknesses.
TransUnion is the largest credit bureau in the world, with more than 200 million customers. It is well-known for its credit report services, which are the most comprehensive in the industry.
Equifax is the second largest credit bureau in the world. It has more than 100 million customers. Equifax is well-known for its consumer credit monitoring services, which allow you to track your credit score and make changes to your credit report if you think your score has changed since the last time you checked it.
Experian is the third largest credit bureau in the world. It has more than 50 million customers. Experian is well-known for its credit scoring services, which help lenders determine your creditworthiness.
Credit reports are a valuable tool for lenders and other interested parties when considering whether to extend credit to you. They can provide a snapshot of your credit history, including your credit score, credit limits, and other information.
Understanding your credit reports from each of the three major credit bureaus is important if you want to keep your credit score high and improve your chances of getting approved for credit in the future.
Here’s a guide to understanding your credit reports from each bureau:
- Experian
Experian is the largest credit bureau in the world and provides credit reports to over 200 million consumers in the United States. Experian’s credit reports are used most often by lenders when considering whether to extend credit to consumers.
Your Experian credit report will include your credit score, credit limits, and other information. It will also include any derogatory information that has been reported to Experian about your credit history.
To get your Experian credit report, you can request it online or by calling Experian’s customer service number.
- TransUnion
TransUnion is the second largest credit bureau in the world and provides credit reports to over 100 million consumers in the United States. TransUnion’s credit reports are used most often by lenders when considering whether to extend credit to consumers.
Your TransUnion credit report will include your credit score, credit limits, and other information. It will also include any derogatory information that has been reported to TransUnion about your credit history.
To get your TransUnion credit report, you can request it online or by calling TransUnion’s customer service number.
- Equifax
Equifax is the third largest credit bureau in the world and provides credit reports to over 100 million consumers in the United States. Equifax’s credit reports are used most often by lenders when considering whether to extend credit to consumers.
Your Equifax credit report will include your credit score, credit limits, and other information. It will also include any derogatory information that has been reported to Equifax about your credit history.
To get your Equifax credit report, you can request it online or by calling Equifax’s customer service number.
