Chapter 22: Mortgage
IN THIS LESSON
Equifax also calls this a Credit Hi*Lite Report
What is it?
A tri-merge report is a detailed credit report generated by combining data from the three major credit bureaus: Equifax, Experian, and TransUnion. This document provides a comprehensive overview of an individual's credit history, including credit accounts, payment history, outstanding balances, and public records such as bankruptcies or liens. A tri-merge report is highly valuable for lenders, landlords, and employers who require a comprehensive assessment of an individual's creditworthiness and financial stability. It allows for a more informed decision-making process when it comes to extending credit, assessing rental applications, or making employment decisions. With a tri-merge report, one can gain a comprehensive and accurate snapshot of an individual's credit profile, helping to mitigate risks and make informed financial decisions.
