3 bureau reports are very important in knowing the credit history of a person. Credit bureau is an institution that gathers information about the financial history of a person who is applying for a loan. The information will be collected from the several creditors coming from credit card companies, commercial stores, car dealerships, apartment owners and utility companies which are all called data furnishers. Through the date provided by the creditors, future lenders will know if an applicant has creditworthiness which will be the basis of the interest rates and terms of the future loan. The Federal Trade Commission’s Fair Credit Reporting Act states that all people have the right to know their credit report through the copy that will be sent to them. This is right is also exercise by the three major credit bureaus which are the Experian, TransUnion and Equifax. These credit companies as well as other online companies which have the same business are paying for the unending credit access and other services such as credit score and credit monitoring services. If ever there are some changes on the credit file of a person, it will be email directly to the concern person. Credit monitoring services are worth paying for because this will help the lending companies to protect the use of credit history. The rule in credit is that the more credit history; the lower score will be. That might be a problem to the companies. Through the automated services offered by these companies, you will know the slight and major changes made to your file. This way it will be more convenient for you because you no longer need to check your credit history often. 3 bureau reports will be very handy to you because this will give you all the important information coming from the major credit companies. With the help of 3 bureau reports, you will have reliable information about your credit history including the changes made in your file. You do not have to pay for these reports because you can get these for free and you are entitled to request a copy of your file every year. In order for you to know all the information about your credit history, it is important for you to call their major companies and request a 3 bureau report. You are surely aware that the economy is under a financial crisis and everything can be turned to scam so it is only important for you to protect your name as well as your financial reputation.