To understand what a credit report is, it’s important to understand what credit bureaus are. There are three major credit bureaus: TransUnion, Experian & Equifax. Creditors may report credit-related information to one, two, all 3 bureaus or none. A credit bureau collects this kind of information, from all kinds of different sources, in one place.
Credit reports are produced by the bureaus. Each report shows the information the particular bureau producing the report has on file for that particular consumer at the time the report is generated. That information may include:
Though each of the three bureaus’ reports follows a similar format, it’s critical to know that the information in each of the three reports may be different. Remember that creditors choose which bureaus, if any, they’d like to report information to. You can get a free copy of each of your 3 bureau credit reports once a year here.