by 
The Curious Bag
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Even though credit bureaus and agencies all report any payment history and credit history for a consumer, the way this information is reported differs between agencies. If a consumer wants an accurate report of his credit report, he should order all three reports because the credit information on report may or may not be listed on another.
Credit Agencies
There are three major credit reporting agencies, Experian, Equifax and TransUnion.
Information
The information identified in a credit report differs between all credit agencies. Equifax and TransUnion identify both credit limits on revolving accounts and combined balances owed by the consumer, whereas Experian does not.
Misconception
It is a misconception that the credit bureau agencies share any of the information collected with each other. Each agency is competing for a creditor's business, therefore the credit agencies do not work together.
Significance
The city in which the information on the consumer is gathered is very significant. One credit agency may be more established in one city, which gives that agency an advantage over another.
Calculation Methods
Each credit agency uses its own method when it calculates a consumer's credit score. For instance, Experian uses the Plus Score method that helps consumers understand their credit score and gives consumers ways to improve their score.
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