Credit Repair

What Are The Three Major Credit Bureaus?

There are three major credit bureaus that prepare your credit history and measure your credit score. These three bureaus are TransUnion, Experian, and Equifax. As per the FTC (Federal Trade Commission), the Annual Credit Report website is the most reliable place for a anybody to obtain credit report. When you place a request at the official website of the Annual Credit Report to send you a copy of your latest credit report, the website then contacts the three credit reporting agencies, which eventually send the reports to you. However, it is very important for you to understand that there is a long list of other credit reporting companies also, but these three are the most widely known and trusted ones.

TransUnion

TransUnion is one of the three major credit bureaus that was initially a parent holding company by the Union Tank Car Company, which began in the year 1968. The next year, in 1969, it got merged with the Credit Bureau of Cook County. This credit reporting company provides an array of services that include credit score analysis for consumers and preparing credit reports for individuals and businesses. There are several additional functions also that it performs, such as identity theft protection, credit report dispute assistance, credit monitoring, and other such things. The bureau also provides prescreening tools for auto loans. One can also contact this credit reporting agency for debt collection services. TransUnion is also used by landlords to get information about the criminal background history and financial history of potential tenants.

Experian

Experian is one of the three major credit bureaus that was founded in the year 1996 under the GUS corporation with the combination of the CCN Group and TRW Information Systems. It provides credit reporting services for both consumers as well as for businesses. However, there is a wide array of other services as well that it provides. For example, businesses contact Experian to access certain automated tools, such as the ones related to marketing, in order to streamline their business decisions. Businesses also contact this agency to use other products offered by them, such as the ones related to risk management and debt recovery. Consumers on the other hand usually contact this agency to view their credit score. Besides that, Experian also offers advice and services to consumers about identity theft protection. You can access the official website of the company not only to access your credit reports but also to get access to various educational tools and other materials that can help you improve your credit worthiness.

Equifax

Equifax is the oldest of the three major credit bureaus. Though its history dates back to 1899, it was incorporated in 1913 only in the state of Georgia. The agency has been providing information and solutions about credit related issues to both consumers and businesses for over hundred years. This credit reporting company has the membership of Standard & Poor’s 500 Index and has its offices located in different parts of the world, including Europe and Latin America.

The addresses of the three major credit bureaus are as follows:
TransUnion - P.O. Box 6790; Fullerton, CA 92834
Experian - P.O. Box 9554; Allen, TX 75013
Equifax - P.O. Box 740256; Atlanta, GA 30374


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One Response to “What Are The Three Major Credit Bureaus?”

  1. Macc says:

    Credit bureaus are responsible for measurement of your credit score. Department of annual credit report contacts these credit bureaus Trans union, expiring and Equifax to provide you a copy of your credit report. These credit bureaus prepare the credit reports and any body can request for at least one free copy every year with credit bureaus .Trans union serve as a multitask management system, it is not only analyze the credit score for consumer and prepare credit reports but also provide a lot of extra facilities like it resolve the issues like credit report disputes, identify theft protection and much more. If you want to give your house on rent to any body, you can take the help from Trans union to check the background of your tenants. Equifax can name as the ancestor of credit reporting companies, it can provide solutions about credit related problem for consumers and for business also. It has a very huge network of offices all over the world. Experian has come in the light in 1996.It is doing a wonderful job for both the consumers and business also. It provides a lot of tools for risk management and a debt recovery to business. You can get a lot of information from the website Equifax.

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