The 3 major credit bureaus are Experian, TransUnion, and Equifax. They have been around for a long time and set the standard for credit record keeping and recording. If you have a delinquent account, they'll know about it. The reason that some will go with all three in the place of merely checking with one of them is because some companies only report to one. What is localized in one report from one company may not show up on an alternative. To get the true tale, getting information from all three major credit reporting bureaus is a good idea.
When rejected for credit reasons, you will see which of the 3 major credit bureaus was consulted about your credit, if not all. When you get such a letter, you have thirty days to write in and ask for a copy of that credit report. When this happens, you should always take advantage of the offer. This is because in most cases, you're going to have to pay for the information. There is now a program that allows you to get one free report a year, but that isn't frequently enough in some cases. You want to know what is going on, and then how you can fix it.
Another thing that the 3 major credit bureaus can help you with is protecting you from identity theft. They help in the way that shows listings of credit that you may not have taken out and that is now in default. Though this is a slow way to learn about this happening, sometimes it is the first clue that something is not right. When you see something on a report from any of the 3 major credit bureaus that isn't of your doing, contact them at once and then go through the proper channels to see what you can do to stop the activity.
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