Many people want to know what the three credit bureaus are. There are three major credit bureaus including Transunion, Experian and Equifax. The three credit bureaus are responsible of collecting consumer credit information from people such as lenders, utility companies and landlords. The scoring system varies across the three credit bureaus. The three credit bureaus will provide credit report to other people who request it such as creditors, employers and etc. For example, before a credit sends the loan application to your home, he can request for your credit report from the credit bureau so that he knows whether you are capable of paying back. If the creditor finds out from your credit bureau that you are able to pay back the bill, he will send the loan application to you.
The credit report can be requested at least once per year. For example, if you want to apply for a loan, you can request the credit report from the credit bureau. After requesting for the credit bureau, you can review it to see if there is any mistake. If you discover a mistake in the credit report, you can file a complaint and ask them to make necessary changes. After the changes have been made, you will have lower credit score and be qualified to get a cheaper interest rate.
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