There are three major credit reporting agencies - Equifax®, Experian®, and TransUnion® - that maintain your credit reports and translate those reports into your credit score. Whenever you apply for a new loan, a new job, or other line of credit, businesses request the information stored at these credit bureaus so that they may use that information to make decisions about you.
The information stored in your credit reports is based on what banks, apartment buildings, retail stores, and other businesses have reported to the credit bureaus about you.
