How to Read a Tri Merge Credit Report
A tri-merge report is composed of four main sections: applicant information, the infile report, tradelines, and public records. Review the sections below for a breakdown of each section’s contents.
A Tri Merge Credit Report from Equifax shows the contact details of the credit bureau’s office for additional assistance for the creditor or lender requesting information. The creditor or lender’s name and address are also included in the report. The report number and the repository sources show the unique identifier and the contributors, EFX for Equifax, TUC for Transunion, XPN for Experian, for the Tri Merged Report. The report also includes the borrower’s information, such as the name, social security number, and address.
The next part of the Tri Merge Credit Report is the infile report. The infile report includes the credit scores with the reason codes. The credit score generated is aggregate from the report contents and is a numerical value assigned to the applicant to give measurable quantitative risk management insights.
Next is the Tradelines, which includes the name of the borrower’s credit grantor plus the repositories of data. Other data like account date opening, type of account or loan, and the last activity on the account are also seen in the report. The report also shows the highest credit allowed by the creditor, the highest balance by the borrower, the number of times the account has been beyond the due date of 30, 60, or 90 days when paid, the active loan amount, the payment terms, and the trended data of up to 24 months if available.
The last part of the Tri Merged Credit Report is the Public Records. The Public Records show if there has been a case of bankruptcies, foreclosures, and tax liens. Aside from the cases, it is followed by the borrower’s credit inquiries from other creditors or lenders, if there are any. Below the credit inquiries are the additional information like consumer statements and consumer referrals, which lists the data sources from the credit reporting agencies. An in-depth credit reporting agency information is also included, as well as the creditor contact information, credit summary, and the OFAC report.