To determine if you qualify for credit, a financial institution may review your credit scores.
These scores are available through each of the three big credit reporting agencies – Experian, Equifax, and TransUnion.
Each one uses a different formula to determine your credit score.
In addition, since they operate independently of each other, the information available through each one will vary.
A financial institution will often pull all three reports to make sure they have your complete credit history.
