Terminology - 3 Bureau Credit Reports

  • 3 Bureau Credit Report: Order your credit check 3 bureau report online
    • A credit report including information from all 3 national credit bureaus - Equifax, Experian, and Trans Union.
  • Derogatory information, also called Adverse, Negative or "Bad" information:
    • Items of information that are negative in your credit history like bankruptcies, suits and judgments, tax liens, accounts placed for collection or charged off to profit and loss, repossessions, and late payments history.
  • Public Records , examples that may appear on your credit report:
    • Bankruptcies
    • Tax Liens
    • Judgments
    • Collections
  • Credit Scores:
    • A numerical assessment or calculation of the future risk associated with your credit history. Credit scores have historically been tools lenders use to help them determine whether to grant credit and at what terms.
    • Note that while credit reports show your credit history and payment habits, credit scores are used to predict the the probability that you may default on future credit obligations. Credit reports are based on past history. Credit scores are statistical tools to predict future performance.
  • Inquiries:
    • Events where the credit bureau has furnished your credit report as permitted under the Fair Credit Reporting Act. Credit bureaus keep inquiries on your credit file for 2 years. Credit bureaus keep track of the "end user" who receives your credit report. Credit bureaus also keep track of the "permitted purpose" for which the credit report was ordered.
    • "Hard" inquiries are normally situations where your credit report has been ordered for the extension of new credit, e.g. home loan, auto loan, open a new credit card account, or open a credit account. "Hard" inquiries are prompted by your own actions.
    • "Soft" inquiries are normally situations where your credit report has been ordered without an extension of new credit. Examples are ordering your own report, employment reports, and inquiries by creditors reviewing an existing credit account.
  • Consumer Statements, examples:
    • In the case of Identity Theft or Identity Fraud, consumers and/or credit bureaus will add a statement to the consumer's credit report indicating the consumer suspects or is a victim of Identity Theft or Identity Fraud.
    • In the case where a consumer disputes an item on their credit report which is not resolved by re-investigation by the credit bureau, the consumer may file a brief statement setting forth the nature of the dispute. Such a consumer statement will appear in subsequent copies of the consumer report. See specific requirements in the Fair Credit Reporting Act.



Get your 3 bureau credit report and scores including
information from all three national credit bureaus
(Equifax, Experian, and TransUnion)

Order your credit check credit report online