A card issuer instantly receives this data electronically. Keep in mind that a card issuer might show a report from one bureau when providing a free credit score or credit report online, but might rely on a report from a different credit bureau to evaluate your card application, according to Opperman. If it were up to a credit card applicant to decide, they obviously would want a card issuer to pull a report that contains the most favorable information — most notably their credit score.
However, an applicant has no say in the matter. Therefore, a card issuer could pull your report from Experian, for example, and it shows a credit score of , while your Equifax report puts your score at and your TransUnion report puts it at As such, the Experian report indicating a credit score of might lead to less desirable terms, such as a higher APR for a credit card. Ted Rossman, industry analyst for CreditCards.
Furthermore, he says, one or more credit bureaus might supply inaccurate information — such as a late payment on a credit card account when you actually had no late payments — that could hinder your ability to get credit. See related: How to dispute an error in your Experian credit report. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars.
It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners. John Egan is a writer, editor and content strategist in Austin, Texas. Aside from CreditCards. Essential reads, delivered straight to your inbox. By providing my email address, I agree to CreditCards. Your credit cards journey is officially underway. Closing a credit card account can hurt your score by increasing your credit utilization ratio if you carry balances on other cards.
But the account will stay on your credit report for years, and it will continue to factor into your length of credit history. The offers that appear on this site are from companies from which CreditCards. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site.
Essential news and expert tips in your inbox every week. Search popular CreditCards. Credit Scores and Reports Advertiser Disclosure Which credit bureaus do card issuers use to check your credit? Advertiser Disclosure. Credit scores are calculated differently depending on the credit scoring model. After all, you never know which score your prospective lender is going to pull.
Plus, checking your credit score is free, so you can only benefit from reviewing it. Learn more: 6 reasons why your credit scores are different and which one matters most.
There are many common misconceptions about what does affect your credit score. The most common is information about your wealth," says Ulzheimer. Other factors that don't affect your credit score include race, religion, nationality, gender, marital status, age, political affiliation , education, occupation, job title, employer, employment history, where you live or your total assets.
Learn more: Can employers see your credit score? How to prepare for what they actually see when they run a credit check. Your credit score is different from your credit report. A credit report is a more holistic view of your credit that shows detailed information about your credit activity and current credit situation.
Credit reports detail personal information name, address, Social Security number , credit accounts payment history, credit limit, account balance , public records liens, bankruptcies, foreclosures and inquiries into your credit. The three main credit bureaus who issue reports are Experian, Equifax and TransUnion.
Update April 20, You can now receive 3 free credit reports each week for the next year. Most credit card issuers provide free credit score access to their cardholders making it easier than ever to check and know your score. Forum Topics. Sign In Help. Turn on suggestions. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Showing results for. Search instead for. Did you mean:. Discover Pull. Frequent Contributor. Okay, so I've got the pre-approval and I'm waiting for closing dates and reporting.
I'm planning to pull my reports before pulling the trigger, just to get a rundown before I do. Decided on the It Cash Back card. So, before exiting the garden Labels: Rewards cards. Message 1 of All forum topics Previous Topic Next Topic. Re: Discover Pull. SoCalifornia wrote: Okay, so I've got the pre-approval and I'm waiting for closing dates and reporting.
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