The myths and fact about tri-merged credit report

There’s no dearth of education centers online where you will be able to get a good knowledge of tri-merged credit report, but the issue is that most of them are not reliable. What is tri?  So a tri-merged credit report will give you the information about all the three credit reports.

You will get merge credit and merge score, that’s why a tri-merged credit report is widely used by most lenders. What does it mean to you?

Well, it is equally useful for you, or a borrower, simply because you can get the idea in advance. As for the loan approval is concerned, it means a lot to you. Understanding the report well is essential because it is not enough to get the one unless you can evaluate the chance of you being approved or rejected.

Most people are not aware of how lenders use it, do you know? Your tri-merge credit report is a definite proof of your previous loan history, it will tell the lender how honest or faulty you were in your dealings. Tri-merge credit score is as important as a tri-merged credit report. (more…)