The main function of a credit bureau is to sustain the information about credit history. When ever a person gets a loan or a credit card this information is updated in the file. About the bills payment information is also goes into the file. There will be information regarding the case filed on bankruptcy. Accordingly both good and bad information about making financial decisions goes into this file. The credit bureau collects this entire information and uses it to create a credit report, and also credit score.

3 Bureau credit monitoring service also provides the facility regarding which credit grantors have recently viewed a person credit report it helps in maximizing the consumer credit protection.

Services of 3 bureau credit monitoring:

The following are some of the services that are provided by the 3 bureau credit monitoring:

· Details of every credit card which has been opened in a particular person’s name.

· Details of every loan opened in a particular person’s name.

· A complete breakdown of payment history of a person.

· A report of all the companies that have reviewed credit report.

· A line-by-line comparison of the information on credit monitoring reports which were produced by the three credit bureaus.

Comparison between 3 bureaus and single bureaus:

The three credit bureaus are independent from each other and they don’t exchange information with the other bureau, so the information about the personal and financial information that is available in one credit monitor report is not as same as the information personal and financial information which is available in the others report. More over a single bureau credit monitoring report and miss out important information which is related to credit protection. But where as in case of 3 credits monitoring this situation does not arises. By this 3 Bureau credit monitoring report one can get the information regarding the potential lender consulting a person about the financial history.
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