Asked by Crystal  |  Submitted August 12, 2015

Which credit reporting agency is referred to most often by lending institutions and creditors?

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  Answers  |  1

September 23, 2015

There are a number of reporting agencies that lenders can use, and they all compile their data from the same places. We use a company called Birchwood, but the data they provide is the same as Credco, Kroll, Innovis etc.

If you're asking which bureau (Equifax, Transunion, Experian) lenders use, that's a different thing. In the mortgage world, we look at FICO scores from all 3 of those, and qualify based on the middle of the 3 scores. An auto loan company may only care about one of those. A credit card maybe a different mix. With multiple bureaus and 80 some different scoring models available, not every lender will use the same standards.

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