Credit Info Bureau

Get Your Complete Credit History with a Tri Merge Credit Report

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A tri merge credit report is the most complete record of your credit history. Know where you stand before making any major purchases by getting your own tri merge credit report.

Usually the first time someone hears about a tri merge credit report is when they are applying for a mortgage. A tri merge credit report is a combination of reports from the three major credit reporting bureaus which include Experian, TransUnion and Equifax. The information from each of these individual credit reports is merged together to form one single report outlining all of your credit information that can be reviewed in a single report.

Some lenders will only pull your credit report from a single bureau, while others will base their lending decision based on all three of your credit reports. This information will help lenders decide who is credit worthy and how much risk will be involved in lending to certain people. If you have a bad credit history, you will have a low credit score. If your score is low you will be seen as a higher risk to a lender. To compensate for the risk being taken, a lender will charge high risk customers a much higher interest rate.

This makes a pristine credit report worth its weight in gold. Just a few percentage points on a long term loan, such as a mortgage or car loan, could equal thousands, if not tens of thousands of dollars in additional interest owed over the course of the loan. A credit score taken from a tri merge credit report will typically be the average of the three scores combined. Just one low score can really drive down your overall average, making you seem much less credit worthy.

It’s important to get your own tri merge credit report before you decide to take on any new credit. Pinpointing inaccuracies and disputing them through the credit bureaus is an important step to take before borrowing any money. Paying off any outstanding debt, even if a judgment has been filed against you, is also an important way to improve your score before making a major purchase.

Disputing an inaccuracy in your credit report is easy. Simply write a letter to the bureau that is providing inaccurate information to have the inaccuracy investigated. The credit bureau will have only 30 days to verify the accuracy of the information being disputed. If the information cannot be verified the bureau will have to expunge the inaccurate information from your credit report, helping to raise your credit score.