Gambling Your Credit Score

Do you want to gamble? Do you like to gamble? How about placing your credit on the line?

Of course not! By definition, gambling is when you wager something of value on an event of uncertain outcome. The outcome is uncontrollable. These are not the attributes you are looking for in the most vital – leveraging financial tool available.

Do not gamble with your credit!

Draw a perfect 21 on every hand by pulling your credit score from the top 3 credit bureaus Equifax, Experian, and TransUnion. Along with the right education from eCredit College, the first step of ordering your 3 scores will ensure a bright future of good credit and safety. The 3 Merge Credit Report will provide you with a complete view of your Credit position which will include your: Personal Profile, Credit Summary, Public Records, Credit Inquires, Account History, Credit Score, and a Creditor Directory with contact information.

This 3 credit score report is actually very cheap and can be obtained instantly. The benefits of obtaining the 3 credit score report also known as 3 Merge Credit Report, Tri-Merge credit report, or the 3 in 1 credit report are priceless. Hear are the 5 reason why you can not afford to gamble your credit and need to order your 3 in 1 credit report RIGHT NOW!

1. VIEW THE WHOLE PICTURE

Do you go around making the most important decisions in life with limited information? Buy a car without a mechanic look under the hood? Purchase the first child seat without researching the options and features?

You get the point, look under the hood! To make necessary decisions and improvement in life, you need to look at the entire picture. The 3 credit score report provides all your financial and credit history information into one picture for your viewing pleasure. Enjoy the picture.

2. NOT ALL CREDIT BUREAUS WERE CREATED EQUAL

First, it is important to understand that all credit bureaus also known as credit reporting agencies are independent of each other and are for profit corporations. Most creditors (credit card companies, banks, utility companies, etc) do not necessarily report to all 3 Credit reporting Agencies (CRAs). For example, there may be one transaction in Equifax that will not show on your Experian or TransUnion report and vice versa. Inconsistent data between the 3 Credit Bureaus can cause the score to vary 50 or more points between each agencies score. The difference in the score can also be contributed to the fact that each have there unique methods to derive a score. Therefore, by ordering your tri-merge credit report you will have the first tool necessary to analyze your entire credit position and take necessary actions. Creditors are pulling the 3 merge report so it is in your best interest to correct all account information (trade lines) and insure all data is correct so your one step ahead of your competition, the General Public. With it, your credit repair and credit score improvement will be a safe bet with a guaranteed outcome as you follow our advice and tips..

Mortgage Industry lingo: Has a lender ever asked, do you know your credit score? When applying for a mortgage, the lender can not afford to only see one score either so they pull a 3 Merge Credit Report and will usually use your middle score for there underwriting purposes. So the question should be answered, “My middle score is a 750 so I should be receiving the best terms in the market”. Just to clarify, they use the score that is in the middle, not an average of all three. Ex. 772, 750, 720 Middle score is 750.

3. VERIFY INFORMATION IS ACCURATE AND UP TO DATE

The most critical reason for ordering all 3 reports is to verify that all the data provided is accurate. Incorrect data is all too common and can negatively affect your credit score. Every time you apply for credit and provide your name, address, date of birth, and other personal information, the creditor reports it to credit bureaus. It could have been a typo on your application or even an error in your creditor’s database. What ever the reason, this in itself can improve your credit scores and save you money.

4. DISCOVER, PREVENT, AND SAFEGUARD IDENTITY THEFT

Ordering all 3 reports will enable you to first discover and secondly prevent identity theft. There are wicked thieves out there that can steal your identity to either purchase goods, services, obtain loans, and many other of crimes. Your identity is important, keep it. These malicious people are out there lurking 25 hours a day. (Not a typo) That is right 25 hours a day, they do not sleep. By pulling all 3 reports you can see if there is a date of birth, an address, or even a telephone number on the report that is not yours. This might be a good indication that someone attempted to apply for credit and you are fortunate enough to stop it before it actually occurred. Make sure to report your finding immediately. The second scenario would be that they already breached your credit and have opened new accounts or used funds from existing accounts. By pulling all three reports, you are able to identify this activity before it grows any further and therefore safeguarding your score. At this point it is common to place an alert or temporary freeze to prevent any further activity.

Key note: make sure your personal identification information is always up to date so you may be contacted in case of an alert issue and to deter any unwanted activities. (Make sure you protect your credit with monitoring services) Your personal profile/information section contains all identifying data that has been reported by your creditors, including your name, date of birth, current and previous addresses, and last and previous reported employer.

5. REPAIR AND IMPROVE YOUR CREDIT SCORE

Finally the last and most exciting aspect of pulling your 3 Merge Score Report, repairing and improving your score. We all want a better credit score. Better score, Better life. Whether you have 540 or 820, we are all thriving to improve our score whether it is to purchase your textbooks for college, buy the home you always wanted near the beach, or simply fund that exciting life changing trip to Asia. We all have our needs and wants. Let your imagination run wild with the power of credit. By viewing all the reports you are able to compare accounts, status, outstanding balances, available balances, and comments to effectively use this information to benefit your score. You can read more details in our “improve your credit” section at eCredit College website along with a list of companies that can assist in repairing and improving your credit. Here are a few easy tips to follow from our website: look for discrepancies amongst your accounts and contact the bureau or bureaus that are reporting the incorrect information, dispute any negative comments or late payments that are not yours, keep your outstanding balances as close to zero as possible but definitely under 75% of your total credit line, and use the unique information in each report towards your advantage. Get creative, I know you can.

Most notably, do not spend more than you can afford. Stop Moving Debt Around. Pay it off with Debt Goal.

Credit can be hazardous if not used wisely.

Important Tip: Please review your open, closed, and delinquent trade lines to make sure the outstanding balances, comments, and credit limits are accurate.

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