Three Credit Bureaus Means Repairing Three Credit Reports

How many credit reports do you have? It would make sense to most of us to only have one. Right? Somewhere in the credit industry somebody came up with the great idea to have more than one credit report. Why?

As it has worked out over the years there has become three major credit bureaus and each one of them keep records on consumer credit. When a consumer inquires about credit at a bank, (that is they submitted an application to get a loan) the bank will then run a credit check. This is how the credit bureaus make their money. The information sent from the credit bureau to the bank called a credit report or credit file is paid for by the bank or financial institution. The credit check/credit report fees are many times then passed down and paid for by you, the consumer.

Anyway, three Credit Bureaus means three different yet similar credit reports to keep track of and repair. That means that you may have accounts on one credit report that is not on the other two.

I highly recommend obtaining all three credit reports if you are going to do credit repair on your credit.

The three major credit bureaus and their addresses (click below):

http://selfhelpcreditrepair.blogspot.com/2006/01/three-major-credit-bureaus.html