What are the three major credit reporting agencies?

Credit reporting agencies play a significant role in the process of gathering information. More often than not, people ask what are the three major credit reporting agencies? They are Equifax, Experian and Transunion. These agencies do not pass information to each other, so there are three major credit histories.

In order to answer the question, what are the three major credit reporting agencies, the agencies and their major functions are as follows:

Equifax: Equifax is one of the premium credit reporting agencies. For more than 107 years, it has been providing value-added information solutions to businesses and consumers. Equifax is a renowned global service provider that generates over $1.4 billion revenue every year. It has 4,600 employees in 13 countries. Since its inception in 1899, Equifax has maintained a rich heritage and has an identified track record of market leadership. This agency believes in focusing on strategic growth, technology innovation and product development, in order to deliver useful solutions to their customers.

Experian: Listed on the London Stock Exchange, Experian is a major credit-reporting agency. It is also forms part of the FTSE-100 index. Its corporate headquarters are based in Dublin, Ireland and has operational headquarters in Costa Mesa, Nottingham, UK and California. It helps clients for lending profitably to businesses and consumers. It has four major areas of work, namely, credit services, decision analysis, marketing solutions and interactive.

Transunion: It is one of the three major credit-reporting agencies. It is considered to be a market leader in the world of credit report industry. It offers prevention data and information against credit and fraud. This information is solution based. It has a history of 30 years of financial intelligence experience. Any consumer can easily request for their personal credit report online. In response to your request this agency will send your credit reports immediately.

When people know what are the three major credit reporting agencies they keep a copy of their credit report from all these three major credit reporting agencies. It helps to keep track of their credit history.

• Credit services help to acquire and process and manage big and comprehensive database that contains the credit application and repayment records of a number of businesses and consumers.
• They help clients to prepare business critical decisions using specialist software and analytics. Decision analytics allows you to convert the data into authentic business decisions.