1) Checking your credit score/history will negatively affect you
This is incorrect. Personal inquiries are considered “soft inquiries”, and soft inquiries do not count against you. Soft inquiries are not part of an individual’s credit score calculation. Check your own score all you want, it will not hurt you.

2) Your score is the only thing that matters to a lender
Incorrect again. Lenders consider a number of other factors as well, such as your income, assets, length at current residency, and employment history, in addition to your credit score. The criteria may also differ from creditor to creditor.

3) Only Lenders and Creditors look at credit scores
Not true. Your credit report and score may be reviewed by potential landlords and employers to determine how you have handled your financial obligations. Remember, they cannot review this information without permission.

4) Credit Scores Never Change
Credit Scores are dynamic numbers generated based on the contents of your credit report the moment it is requested. Credit reports change constantly, as will your credit score.

I stumbled over this the other day when checking my bank account with Bank of America. Currently, under the Customer Service tab when logged in, choose monitor credit report. You can do a 30 day free trial, assuming you cancel before the 30 days, and get your credit reports and scores from the 3 agencies for free. I am assuming this is a standing offer. See the screenshot for exactly how to do it.

Bank of America

You probably wouldn’t be satisfied to see only 1/3 of a medical report about your health – or even to see 1/3 of an inspection report on your car. So why should you be content to see only 1/3 of your credit history? Single bureau credit reports paint only 1/3 of a consumer’s credit history picture. To get the most complete view of your credit, a 3-in-1 credit report is your best bet.

Credit bureaus: The Big Three
There are three major national credit bureaus that compete with each other to cover consumer credit information: Equifax, Experian and TransUnion. These credit bureaus compile and distribute the following consumer credit information:

* Account balances
* Payment habits
* Credit history
* Length of employment
* Previous employers
* Personal information
* Current and previous addresses
* Bankruptcies
* And more…

The three credit bureaus are independent of each other and do not share information. Therefore, the personal financial information contained in one of your credit bureau files may not appear in another. A potential lender can pull credit information from any one of the three credit bureaus. Many national banks and lending institutions report credit information to all three credit bureaus, but other credit grantors and smaller banks may report to only one or even none. Therefore, a single credit report could be missing some of your important financial information.

On the other hand, a 3-in-1 credit report provides your complete credit history as reported by all three credit bureaus: Equifax, Experian and TransUnion. In a 3-in-1 credit report, you can view a list of all your credit accounts line-by-line, bureau-by-bureau, allowing you to see how each of the individual national credit reports are reporting your accounts, as well as which credit grantors have recently reviewed the credit report. Obtaining a 3-in-1 credit report leaves nothing to the imagination—you see all the accounts and financial history a potential lender will see.

3-in-1 credit report: Safety in numbers
According to a study done by U.S. PIRG, up to 70 percent of credit reports contain errors of some kind. By getting a 3-in-1 credit report, you can review all your financial information for potential errors and inconsistencies, ensuring that no incorrect information goes unnoticed. And false information on a credit report can be one of the first signs of ID theft, so the sooner you catch an error with a 3-in-1 credit report, the faster it can be corrected.

A credit report is most effective when it provides a complete review of your credit history and presents all details of your credit exactly how potential lenders will see it, with nothing omitted. A 3-in-1 credit report gives you the peace of mind of knowing that you have seen every single piece of your financial history. With a 3-in-1 credit report, you can view everything potential lenders can see, and you can review your credit report for any false financial information and stop a potential identity thief in his or her tracks.

Stop wondering where your credit history stands. Click here to get your complete 3-in-1 credit report now!