credit education

How to Read a Credit Report

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How to decode your credit report

As you may already know, there are three major credit reporting agencies (CRA’s) otherwise known as the credit bureaus. The big three are TransUnion, Experian, and Equifax. The consumer CRA’s business is collecting, storing and reporting data they have gathered about a consumers personal credit profile.

This information is used to create your credit report which is then used by lenders to determine if they will grant you the credit applied for. The information in your credit report is gathered from three sources; 1st is you 2nd are your creditors and the 3rd is from public records.
You provide the following information on yourself when you apply for credit:

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