Going2Oahu's Blog

Monitor the Big Three - Equifax, Transunion, and Experian

Since the credit reporting agencies - Equifax, Experian, and Transunion maintain such a tremendous volume of data on you (and anyone else with a credit history), there are likey going to be some errors. In fact, errors are almost guaranteed, and study after study has shown that a MAJORITY of consumers have at least one error or inaccuracy on their credit report. But the fact that makes this even worse is that these errors do not get corrected or fixed automatically. Rather, the erroneous data is carried forward in your credit report, month after month and year after year. That's why it's so important to use a credit monitoring service so that you can keep an eye on your credit history and know your Fico Scores.

Equifax, Experian, and Transunion may each report different credit information about you because your lender or credit reference might only report to one or two of them. It is for this very reason that you need to get a copy of your credit report from each of the credit reporting agencies on a regular basis (multiple times annually).

Free FICO® Credit Score Estimator