What is a 3 in 1 Credit Report
Each credit bureau uses a different scoring formula, so the scores usually vary from one credit bureau to another. These differences can cause problems in the processing of credit applications. One bureau may place more weight on payment behavior, so a consumer with a lot of inquiries can score the same or even more than one with fewer inquiries but a less attractive payment history.
A common solution to this problem is the three in one credit report. This report combines scores and data from all three credit bureaus to come up with a single score. It can also cross out redundant information to avoid confusion, particularly for loans that do not call for employment or residence verification. Credit reports can also be tailored to suit specific lender requirements. One example of this is the bi-merge report (a report combining data from two credit bureaus).