A 3 in 1 credit report is a little known resource that has slipped the minds of too many people. While most people know that they can legally get a free copy of their credit report every year, very few realize that this includes three different copies of their credit report, technically. This is because there are three different agencies that create credit reports, and everyone is entitled to one copy of each per year.
If you already check your credit report once a year, that is great! But, if you want to completely protect your private information and maintain the integrity of your report, you need to take it a step beyond this once a year check-up. If someone gains access to your information, great damage can be done if you do not discover it until months later.
The only way to catch mistakes and inaccurate information that may hit your report is to watch all three of your credit reports on a regular basis. This will allow you to fix problems that occur within days or weeks, rather then once a year.
It all comes down to which businesses you have dealt with in the past and their policies on submitting information to the three credit agencies. Most these days will report equally to all three agencies, but many only report to one or two for various reasons.
When you have conflicting or differing information on different reports, the only way to get the complete picture of your credit history is to look at them all three together.
Also, since each credit agency is run by humans who make mistakes, there could be inaccurate information on one report that is accurate on the others. These things need to be disputed and fixed right away so your information is up to date and correct.
What a 3 in 1 credit report does is take all of the information on all three of your credit reports and make it into one big report. Instead of viewing three different reports, you only have to look at one comprehensive report to get all of your information.
All that changes with this type of report is the amount of time it takes you to check over your reports. You can still correct mistakes, challenge and dispute wrong information, and manage all three of your reports. You just do it at once so it is a more efficient process.
This type of credit report also makes it easier to monitor your information and catch problems before they become nightmares.
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