There are three credit reporting agencies, or credit bureaus, in the United States: Experian, Equifax, and Transunion. Each of these credit reporting agencies compiles your credit information from various reporting sources, such as lenders, into a credit report.
What info shows up on a credit report?
This information is reported to Equifax by your lenders and creditors and includes the types of accounts (for example, a credit card, mortgage, student loan, or vehicle loan), the date those accounts were opened, your credit limit or loan amount, account balances, and your payment history.
How do credit agencies get information?
Credit Reference Agencies get their information from numerous sources, including payment data from lenders and publicly available information, such as the Electoral Roll and court records, from local councils and the Registry Trust. This information collectively makes up your Credit Report.
What information does a credit report show what information is not a part of your credit report?
It also includes personal identifying information that helps to verify that the information in the report is yours. Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education.
What do I do if someone else’s name is on my credit report?
If you see someone else’s information, you need to write and dispute the credit report directly with that bureau. Include a copy of the incorrect report with the disputed item highlighted. Briefly state the reason why this item is incorrect and attach any supporting documentation that explains the error.
Do banks use TransUnion or Equifax?
While the FICO® 8 model is the most widely used scoring model for general lending decisions, banks use the following FICO scores when you apply for a mortgage: FICO® Score 2 (Experian) FICO® Score 5 (Equifax) FICO® Score 4 (TransUnion)
