Tri Merge Credit Report
credit report - Do you know what a tri-merge credit report is? Well, this is the tool used by companies and other financial institutions when evaluating a certain borrower's history of payments. These companies are provided with different scores from the reporting agencies or bureaus. The overall score will be the average of the three scores. So basically, when you say tri-merge, these are the three credit reports from the three reporting companies.
Individual consumers can also get the three copies from the respective reporting agencies. They can compare the reports with one another so that they can better analyze their current standing. They can use such information in making better decisions in the near future.
credit report - If you have not seen a tri-merge credit report before, it contains the name of the borrower, his or her address, social security number, age, birth date, marital status, and other personal information. All the pieces of information in the header are organized and concise. With just a glance, you can already see the three scores from Experian, Trans Union, and Equifax. The scores are usually bold for easy visibility. You can also find the open accounts, closed accounts, and derogatory accounts of the borrower but the accounts are usually summarized so that it is easier to read and understand. You can also find information regarding the inquiries. Public records are also included in the tri-merge credit report as well as footnotes. Along with report is thescore disclosure.
That is the typical contents of the tri-merge credit report. As said awhile ago, credit companies usually use the reports for easy comparison of the different credit scores. The credit report is an essential tool for credit companies when they are still reviewing the credit status of credit applicants. This will generally serve as their basis for approving or disapproving credit applications; and if ever they do approve a credit application of an individual with a low credit score, the report will also be the basis for determining the interest.
Individual consumers can also get the three copies from the respective reporting agencies. They can compare the reports with one another so that they can better analyze their current standing. They can use such information in making better decisions in the near future.
credit report - If you have not seen a tri-merge credit report before, it contains the name of the borrower, his or her address, social security number, age, birth date, marital status, and other personal information. All the pieces of information in the header are organized and concise. With just a glance, you can already see the three scores from Experian, Trans Union, and Equifax. The scores are usually bold for easy visibility. You can also find the open accounts, closed accounts, and derogatory accounts of the borrower but the accounts are usually summarized so that it is easier to read and understand. You can also find information regarding the inquiries. Public records are also included in the tri-merge credit report as well as footnotes. Along with report is thescore disclosure.
That is the typical contents of the tri-merge credit report. As said awhile ago, credit companies usually use the reports for easy comparison of the different credit scores. The credit report is an essential tool for credit companies when they are still reviewing the credit status of credit applicants. This will generally serve as their basis for approving or disapproving credit applications; and if ever they do approve a credit application of an individual with a low credit score, the report will also be the basis for determining the interest.