#3 in 1 credit report
3 in 1 Credit Report
Basically, a 3 in 1 Credit Report of a company or individuals is prepared jointly by the 3 principal credit bureaus, namely the TransUnion, Experian and Equifax. Also known as the 3 Bureau Report or the 3 Agency Credit Report, a 3 in 1 Credit Report analyzes the fiscal health of a commercial firm. In fact, it is this report which determines the credit worthiness of a firm, and obtain larger amount of loans.
Contents of a 3 in 1 Credit Report:
Detailed information about all the credit cards opened in the name of an individual or a corporation is available from its 3 Agency Credit Report.
A 3 in 1 credit report reveals the names of all those who have gone through the reports and evaluated them.
A 3 in 1 credit report offers easy comparison of the information on a line-by-line basis, as provided by the 3 main credit bureaus from their individual standpoints.
A 3 in 1 credit report also mentions every single details about the loan accounts opened in the name of the concerned person or company.
A complete and detailed analysis of the payment history of a business firm or person is provided by its 3 in 1 credit report.
From more than one 3 in 1 credit report, it is much easier to compare the information on a line-by-line basis.
Information as to whether any credit granter has of late come across the credit report of a particular company, is also revealed by its 3 Bureau Report.
A 3 in 1 Credit Report makes a list of all the credit accounts. Such lists are useful in making others acquainted with the ways and techniques in which they are prepared jointly by the 3 major credit bureaus.
Why is a 3-in-1 credit report advantageous?
A complete overview about a company is obtained from credit history, as prepared by the 3 credit bureaus.
The information provided in a 3 in 1 credit report are clear, simple, hence easily understandable.
The completion of financing a loan is also facilitated by a 3 in 1 credit report.
The parallel comparison of the information in a 3 in 1 credit report allows easy detection of the differences in opinion on the part of the 3 main credit bureaus.
It offers comprehensive information to the lenders about an individual or corporation.
It guarantees the accuracy of the information recorded in the reports.
It safeguards the theft of the identity of the concerned person or commercial firm.
Benefits of a 3-in-1 credit report over a single bureau credit report:
Since this is not a procedure followed by a single credit bureau in making a single bureau credit report, so that way, it may miss out significant information.