Equifax, Experian, and Trans Union credit reports. Now you can streamline business processes with live credit report data.

resolves credit bureau incompatibilities to cut credit system development costs and shorten  learning curves.

The Merit Credit Engine provides direct creditbureau access to the three national credit repositories, Experian, Equifax, and Trans Union. Because it uses your bureau memberships*, and your computer system, there are no middleman transaction costs added to each report. There is no delay associated with running requests through a third party, and you can be confident the data is up to date, reflecting the file as it exists, the second you request it.

About the credit bureaus

The three national credit bureaus are competing companies. They gather their consumer data separately, and don't share it among themselves. 

Though formatted differently, consumer credit reports from the three bureaus all show current and former addresses, employers, recent inquiries by credit grantors, fraud alerts, and public records. The tradelines section includes credit limits, balances owing, and payment histories for loans, credit cards, and other accounts, as reported by subscribers to the particular credit repository - whether Experian, Equifax, or Trans Union.

Financial institutions often request FICO, Beacon, or Empirica credit score as part of the report. The score is a statistically-proven weighting of items in the report, boiling it down to a single a number to simplify decisions about credit-worthiness or the likelihood of bankruptcy.  Codes and descriptions indicating the reasons for the score are also included.

Because the bureaus don't share data, it is common to find differences in the data, as well as the scores, for the same consumer.  Many companies are members of just one or two of the bureaus, but not all three.  Not all companies report to the bureaus. Some companies only report derogatory data.

The MERit Credit Engine...

  • Provides built-in communication protocols for all three bureaus.
  • Resolves incompatibilities in request and response data layouts.
  • Allows your own rules for selecting which bureau to use on a case by case basis.
  • Allows your own rules for choosing which credit scores to use.
  • Can maintain multiple shared or separate connections to the bureaus, using differing connection devices.
  • Makes it possible to design your own rules for merging data.
  • Makes it possible to render reports in your choice of custom or standard layouts.
  • Makes it possible to include data from other sources for decision making, scoring, and reporting.

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*Do you need help setting up a membership with Experian (formerly TRW), Equifax, or Trans Union?  In some parts of the country, your account is administered through an affiliate credit bureau of one of the "big three", but you still get direct access to the same repository of credit data. Either way, we can put you in touch with the right people.

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