Think Credit Reports

An All-in-one Provider of Credit Information

About Think Credit Reports

A provider of credit data, Think Credit Reports compiles information from all three important credit bureaus like TransUnion, Equifax, and Experian. The range of data available to its clients permits a broader understanding of their financial positions and also allows them to keep a close eye on their credit history, an important benefit considering the modern danger of identity theft, the incidence of which is increasing at an alarming pace. To combat this new trend of cybercrime, Think Credit Reports offers around-the-clock monitoring that alerts clients to any suspicious changes in their credit profile. Furthermore, the company provides quarterly credit score refreshes at no added cost to its premium subscribers.

Think Credit Reports believes so strongly in the quality of its solutions that it offers a trial of its 7-Day Credit Monitoring package to new users at the low cost of one dollar. Interested parties can sign up for the company's services by logging on to https://thinkcreditreports.com. The website acts as a central portal, through which members receive not only credit scores from all three credit bureaus but also full credit reports presented in an easy to understand format.

Credit Myths Debunked

Think Credit Reports is an easy way for consumers to check their credit scores and access information from all three credit bureaus. To use Think Credit Reports or to learn more about the company’s services, visit www.thinkcreditreports.com.

Trying to manage your credit score can be overwhelming, especially with so much misinformation out there. Some commonly accepted credit facts are actually just myths.

Myth 1: Checking Your Credit Score Hurts Your Credit. This is not true; checking your own credit score does not hurt your credit. What is harmful is when other people check your credit score in what is known as a hard inquiry, which typically occurs as part of an application for credit.

Myth 2: Lower Limits Help Your Credit. Actually, many lenders like to see that you have a higher limit than what you normally use.

Myth 3: Closing Accounts Hurts Your Score. This isn’t true at all. In fact, closing a line of credit that charges unnecessary or unwanted fees can be helpful for your score in the long run.

Why Does Credit Score Differ Depending on the Agency?

An online source for credit scores, Think Credit Reports provides users with a comprehensive view of overall credit. Unlike other online credit reporting entities, Think Credit Scores provides data from all three credit bureaus, Equifax, TransUnion, and Experian.

Although credit unions do not loan money, they are one of the most important financial entities in the world. They hold billions of credit histories, and nearly all lenders look to these agencies when determining the creditworthiness of an individual. Creditors report data to each bureau in similar fashion, but scores can differ greatly, depending on which one is reporting.

The reason for this is that each individual bureau has its own mathematical equation for determining credit score. In addition, each bureau has its own “special” ways of reporting. For example, Equifax is the only bureau that distinguishes between open and closed accounts, while Experian is the only bureau that shows when credit history expires. Lastly, TransUnion allows consumers to update their employment information, which will not change credit scores, but can help individuals obtain loans in the future.

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