The 3 in 1 Credit Report: All the Info in One Go

2007-07-18 16:23:30

( Financial )



A time will come in your life when you would like to buy a new car, or a new house. You won't have all the money on hand, so you decide to go to your local bank or lender, and take out a cash loan. You need the cash, the lender has it, and with just the right politeness, you'll get the loan, right?

Wrong. The cash flows from the bank or lender, then to you, only if you have the right financial back-up, and if your money-related decisions are up to par. How does a bank or lender determine this? They consult your credit report.

A credit report is a summary document listing the taxes you've paid, bankruptcies you've declared, and similar money matters which will reflect your borrowing habits and your skills at getting cash, using it, and managing it. It will detail your credit history, and will be updated using information provided by merchants, banks, and other similar establishments.

What is a credit report for?

Since a credit report shows data on your past money making and borrowing activities, banks and lenders can use it to determine if they should approve a loan for you, and what terms and conditions should go into the agreement. A credit report, therefore, is used to measure your credit worthiness: if you have a good credit report, you can get a better interest rate. If you don't, you might not get the loan at all.

Credit reports, however, will differ from one bank or credit bureau to the other. To get the complete data on your past dealings, you will need a merged credit report. The most convenient merged credit report is a 3 in 1 credit report, which gathers information from the top three credit bureaus and puts them together in one document for easy review.

A 3 in 1 credit report will include your money management information, picked up by three credit bureaus. Such a merged report will not only show data, but present them side by side, for comparison; and put them together with tips for improving your credit worthiness, so that you can see how you can make your next report better. Along with the tips are resources and articles to help you handle your credit.

An Online Credit Report

With the help of credit report specialists, you can get a three bureau credit report online. These specialists also offer toll-free customer service assistance, and you can pay for an online credit report using your debit card, credit card, or a check.

With the advent of online business, gathering credit reports and fusing them into one document is made easier and more efficient. Just be sure to review your reports and credit scores regularly. Moreover, take note of the tips that come with each 3 in 1 credit report. One day, that loan may be yours, and you'll be able to get that dream car or house, all because you had a credit report you can be proud of.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.