Where do credit reports come from?

Credit reports come from companies called credit bureaus, which compile data from lenders such as banks and credit unions, collection agencies, landlords and other so-called data furnishers. The bureaus generate credit reports by organizing the data in a clear and digestible format when requested by consumers or businesses.

There are dozens of credit reporting bureaus, but most companies and consumers request reports from the largest three: Experian, Equifax, and TransUnion. Although credit reports from each of the bureaus can vary slightly, they generally include identifying information, such as your name, address and Social Security number, as well as inquiries, payment history, account balances and credit limits.

You can check your credit report and access personalized credit-improvement tips for free here at WalletHub.