Which Credit Report is More Important: Equifax, Experian or TransUnion?

by Lynnette Khalfani-Cox, The Money Coach on January 28, 2010

in Credit Scores, Loans

Which credit report is more important

Experian, Equifax or TransUnion: Which Credit Report is More Important?


Q: Hi Lynnette,  I have noticed a difference between my credit reports from Experian, TransUnion and Equifax.


Can you tell me which credit report is more important to a lender?


A: As a general matter, no one credit bureau report is “more important” than the others.


In today’s economic environment, they are all vitally critical to your personal finances.


However, whenever you are seeking credit – perhaps a mortgage, car loan or student loan – then the most “important” credit report or credit score is the one that a lender pulls to determine whether or not to approve your loan.


Some lenders only pull one credit report. So let’s say you want to purchase a car and you require financing.


If the lender considering your car loan only pulls an Experian credit report, then that’s the most critical report.


The challenge, of course, for consumers is that you never really know which bureau report a lender will pull.


It could be Equifax, Experian or TransUnion – or perhaps all three.


Read: The Key Differences Between Your Equifax, TransUnion and Experian Credit Reports


Tri-Merged Credit Reports

For most mortgages, lenders pull something known as a “tri-merged” credit report, which gives them information from all three of the major credit bureaus.


Additionally, mortgage lenders typically use the “middle” score of your three credit scores to determine the rate and terms for a home loan.


For these reasons, you should always ensure that all information on all three credit reports is accurate and up-to-date, and that all your credit scores are as high as possible.


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Lynnette Khalfani-Cox, The Money Coach
Ralph Willis

My questionnaires I have a negative account three- account I want to pay them off what do I ask the creditors to do so that I can clear this up and how much longer will it show negative on my credit report

Jessica Martinez

Hello there, my name is Jessica I have currently have been disputing accounts in which have appeared on my credit files that don’t belong to me upon receiving an outcome of my dispute they say that they are mines there’s no way that these accounts are mines I have paid accounts in were that I’ve owed in order to fix my credit and remove negative statuses on my credit profile, now how do I go about disputing these accounts that are clearly not mines, also what is an advantage score? and it seems that now they charge for every credit score and credit report please help me I am a mother of 5 single parent at that, trying to purchase a home for my children but it seems that my road gets narrower and narrower as I go into fixing y credit . any suggestions mam.


I received an ALERT from Trans-Union stating a New Account has appeared on my Equifax credit report.
A New Account I have NO knowledge of.Never applied for or opened. It shows I opened in 2000 and reported 5/2010. When I log in to my 3 bureau Credit files. I do not see any New Acct. opened. related to Equifax I did open a New Acct. in 5/2010 to establish my own credit. (Divorce) but it is not the creditor shown on this Alert
Thank You

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