ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Equifax, Experian and TransUnion are the three main consumer credit bureaus. They collect and store information about you that they use to generate your credit reports, which are used as the basis of your credit scores.

Detailed explanation-2: -These agencies include Equifax, Experian, and TransUnion. Due to the COVID-19 pandemic, many people are experiencing financial hardships. To remain in control of your finances, you can get free credit reports every week through December 2023. Request all three reports at once or one at a time.

Detailed explanation-3: -FICO is an independent data analytics company. We are not a credit bureau, and we are not owned by the three major credit bureaus–Equifax, Experian and TransUnion. We also don’t compile consumers’ credit data.

Detailed explanation-4: -In the U.S., there are three national credit bureaus (Equifax, Experian and TransUnion) that house credit histories on most of us. Each of these agencies uses the FICO® Score algorithm to produce a version of the FICO® Score based on the data they collect on each consumer.

Detailed explanation-5: -The Three Bureaus and FICO These are Experian, TransUnion, and Equifax – and your score at each one of these bureaus is completely independent of your score from others. For example, an apartment manager who checks your credit may only look at Experian while a credit card company might only look at TransUnion.