Understanding your credit score will help you financially throughout your life. As with a large number of financial topics and subjects, the field of finance involving credit bureaus and credit scores is complicated. The field is scattered with complicated jargon that can be mixed up, misunderstood, or simply seem overwhelming to those not familiar. Tri-merge credit reports are replete with these terms, so it’s important to run a refresher about what these terms mean.
What is a Tri-Merge Credit Report?
If you generally understand the concept of credit and credit bureaus, you may be wondering, “What does tri-merge mean?” The answer is that your tri-merge credit score is the result of your credit report from the three main national credit bureaus. These are Experion, TransUnion, and Equifax. So, essentially, a tri-merge credit report is a three-in-one credit report that comprehensively declares your credit worth.
What If My Score is Low?
If you have recently checked your tri-merge credit report and discovered your credit score is damaged, there are still plenty of steps you can take to recover your credit and ensure future financial stability. These steps aren’t easy and they’re often time consuming, but their pursuit will be worth the effort in the long run.
Securing Your Identity
If you have not been the victim of identity theft, you can ignore this step. If you have, you know better than anyone what a frightening and confusing experience this can be.
First, act fast. The most crucial and time sensitive thing you can do right now is to secure your identity. Identify any fraudulent activity that has been undertaken in your name and do all you can to stop it immediately. Involve law enforcement if you need to, but be sure to work hard to reclaim and secure your identity so that it does not continue to be an issue.
If you’ve received your tri merge credit report and wish to repair your credit, your next step after affirming the security of your identity should be to reach out to a competent credit repair specialist. Repair brokers at Tony’s Credit Repair are the best in the field of credit restoration. They will be able to explain the complex vocabulary in understandable terms while they work to repair your credit. They use techniques and tactics that are new to the industry of credit repair that are much more efficient than the old, archaic methods of past years.
Tony’s Credit Repair will tirelessly work for your benefit by challenging specific, targeted statements on your tri-merge credit report. However, our help doesn’t end here: we also provide expert advice that educates you, making you more financially equipped. This helps you be more prepared for your dealings with credit bureaus in the future, and overall improves your personal finances.
Now that you understand the meaning of a tri-merge credit report, you can keep informed as to how you can improve your credit and maintain your credit score. This will make financial decisions much easier and opportunities much more accessible.