ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

3 Credit Scores

Updated on April 23, 2012
3 credit score
3 credit score

What is a 3 credit score?

The term "3 credit scores" is the term given when a person, business or company want to conduct a search on an individual or business and they use the three main credit scoring bureaus that are the most reliable and trusted. The three main bureaus are Equifax, Trans-union and Experian. Every country differs with the way a credit score is carried out and most countries have their own trusted credit scoring agencys.

The reason that most lenders and creditors use the 3 credit score system to find your credit score is because no one single credit report will usually give you the same results as the next credit report. In other words, if you carry out a credit check with Equifax the results will probably be different from a credit check carried out by Transunion.

So a credit company will check all three results from three different credit check companies to help them make a decision based on the results they receive.

Why Should I Know My 3 Credit Score?

You should aways be aware of you credit score and what score the 3 major credit score companies give you. Even if you aren't looking for credit to borrow money or to take out a loan. There are many reasons why you should still be aware of your credit score results. Maybe you have moved address and overlooked a bill that needed paying before you moved house or apartment or maybe there has been a mistake from a credit company because they forgot or made a mistake when marking a credit taken out by you as unpaid insted of paid.

Identity Theft

The most important reason you should be aware of your credit score would be to be aware of idenetity theft. They say that there are billions of dollars a year stollen from business and personel accounts throughout the world and with more and more of our personal information being stored online by credit card companies, loan companies and banks, you can see why it has become important to make sure that you have not become a victim of fraudulent identitiy Theft. This is also another reason why you should get a 3 credit score check. If there has been a fraud carried out against you, either by them applying to a credit company to take money direct from your account or pretending to be you in order to purchase or obtain credit for a purchase, then one of the three credit scores will show the fraudulant activity to you.

As we know some companies do offer free credit in order to give you an incentive to purchase their products so its vitaliy important that your score reflects your true credit status if you are thinking of borrowing money, taking out a mortgage or being given credit for a product you want to buy. If you have a negative score then chances are you wont be given any credit by a company you are looking to get credit off.


Get Your 3 Credit Score For Free

Take our poll

Have you discovered credit theft against you after carrying out a 3 score credit check

See results

How do you make sure you get a good 3 credit score?

Credit reference agencies (CRA's) base the results of credit checks they carry out on every type of credit that is given to you. This can include credit card companies, utility companies, mortgage companies, store cards, etc. If you have been given credit for anything that involves money the CPA will want to see if you have made payments on time, in full and honored the debt in full.

Mistakes do happen by major credit checking companies with credit scores and any misreported or fraudulent transactions on your report can be rectified by law. You have a legal right to have a correct credit score.

The best way to ensure that you have a good credit score from the 3 main credit scoring agencies is to make sure that you check to see there are no incorrect transactions on your report. To make sure you pay all your credit demands on time and if you do have any outstanding payments due , that you pay them and then get your credit report updated to show these changes.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)