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Credit Report News, Tips & Advice « Credit Reports > Credit Report Advice > The Love-Hate Relationship Between You and Experian

The Love-Hate Relationship Between You and Experian

By Andy Snyder
Published: Monday, November 16th, 2009

Do you love the services you get from the big 3(Experian, Equifax, and TransUnion) but hate it when you see your scores from them differ from each other? Next thing you know, you are more than confused about your credit scores. You need not worry when faced with situations like this. Among the 3 major credit bureaus, Experian, we can say, has a lot more “experience” regarding situations like this as compared to its competitors. That is one good credit report advice to keep in mind.

Experian, just like the other 2 credit reporting companies, has credit reports and FICO score cards as their specialty. But with Experian, you can have access to your 3 credit reports from the 3 credit reporting companies in just 1 document. The crediting company will also allow non-stop access (24/7) to your credit report and monitor it online for only $10. This is one the company’s feature that is very handy especially for those looking out for identity theft. It is a good credit report advice to be very cautious when it comes to identity theft as it is very common and dangerous these days.

Not only that, Experian has the Vantage Score service, a scoring method developed actually by the 3 crediting companies but is most accessible at the Experian’s website. This “new” scoring method simplifies the credit process to more customer-friendly terms and with it being highly predictable and consistent. A credit report advice is to study your fico score as well as your Vantage score to have clear idea on how the 3 credit scoring companies are rating your financial activities which includes your history of payments, credit card bills, and even your mortgages.

Experian can also give you what they term to as Triple Advantage for only $14.95. This service, aside from monitoring your credit scores, will alert you if any significant or minor change occurs. You can have a trial of this service for 7 days and it will be free of charge or choose to purchase it on a monthly basis. It is a good credit report advice to avail of these services as this will help avoid problems in the future especially if you are looking forward to having a stress-free loan application.

There will days when, after you have purchased the different services Experian has to offer and yet, you still are confused because you are having 3 different scores from the 3 credit reporting companies. A credit report advice to that matter will be, put in mind that these companies have what they call a DTI (debt to income ratio). Your credit scores may not be showcasing the same numerical value because the credit reporting companies may be using your mean score or average score and what you merely see is your median range and not your exact credit score.

Experian or not, the decision is up to you. The most important thing is having a positive financial history to get credit scores that will be appealing to the eyes of the credit companies.

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