Credit Score Articles Combined Credit Score from Three Credit Bureaus Tip! My credit score will drop if I check my credit - Fortunately, this is a myth. If you check your own credit report it doesn't harm your credit at all. We have three major credit reporting bureaus: Equifax, Experian and TransUnion. It is very possible for these bureaus to have three very different credit scores for the same person. This can make credit-scoring process very complicated for lenders and borrowers. Due to these reasons, the bureaus created one common entity for all three of them called VantageScore. The nation's three consumer credit reporting companies - Equifax, Experian and TransUnion - worked together to develop a tri-bureau generic credit scoring system. Such systems exist in the market today, including several that are produced by the individual companies themselves. However, VantageScore marks the first time that the three companies joined forces to produce a model that scores consumers consistently across all three companies. Due to the fact that this single credit score is developed simultaneously from consumer data across all three credit reporting companies, it promises greater consistency and predictability. Hopefully, it will make life easier for both lenders and borrowers as well. You can find out more about VantageScore by going to its website at www.vantagescore.com. In case if you haven't already done so, don't forget to order your free credit report from www.annualcreditreport.com. In order to leverage through three credit bureaus, you can order one free credit report every four months in a given year. Copyright 2006 Divyesh Dave Divyesh Dave is an online entrepreneur and currently runs a financial based website. For more information, visit http://www.bajika.com.