When you apply for a loan or a credit card, in the US, one credit report is pulled from one of the three "major" company: Equifax, Transunion, or Experian. Is there a way to tell which one will be consulted in advance?
I recently arrived in the US and am trying to build a good credit score. I already possess two credit cards (one secured, one from a store) and one auto loan, and feel like the time came to get a third credit card. I don't need to borrow any money as of now, but might, in the future.
In January, I was declined a store credit card based on a "poor" credit score. As it turns out, they pulled my report from Equifax (credit karma says my score based on their report is in the ~650 at that time). My transunion score (still computed by credit karma) is roughly the same, but my experian score is ~70 points above those two scores (according to my bank).
I feel like I would get better chances of getting an additional credit card if I was applying to a credit card that was pulling my report from experian.
- Am I right?
- How can I know which report will be pulled by the institution I will apply to?