You should get a complete picture of your overall financial health
before you go out to make a big purchase that requires you to apply for
credit or a loan. Your score will impact the interest rate you are
offered, so knowing your score will give you a sense of what you may
qualify for. The best way to gain a clear picture of your financial
health is through a tri-bureau credit report.
The tri-bureau credit report gives you a score from each of the three major credit reporting agencies on one report. Lenders sometimes take an average of your three scores, or may even use the lowest score, to make their lending decision.
A combined report gives you a complete credit profile — saving you time and money so that you don’t have to check each of the major reporting agencies separately. You can go to any of the major credit bureau websites for your combined report: TransUnion, Equifax or Experian. You are eligible for one free credit report per year. Take advantage of this opportunity to monitor your credit report and ensure there are no mistakes or surprises with your credit.