DO I NEED 3 CREDIT SCORES ?
People are sometimes surprised when they realise they have three credit scores, and that potentially they are all slightly different.
Anyone applying for Kubota credit will need to fill out an application form, which will contain a significant amount of personal and financial information.
This information will then be used as a basis for producing a credit report, which will then be used as a basis for producing a credit score.
This credit score will then be used as a basis for deciding whether or not to lend every individual any money, and if so on what terms and conditions.
The credit score will also be used as a basis for deciding whether or not to enter into a Kubota lease agreement with a potential customer and if so on what terms and conditions.
A credit score can also affect an individual’s insurance, bit on that house business, farm etc.
3 CREDIT SCORES
The reason that someone can have three credit scores is simply that there are three major credit bureaus that Kubota Credit or any other lender might approach in order to acquire a credit report.
These bureaus are old and well-established and use the majority of the reports for all the major financial institutions.
This means that when you approach any lender, they will in turn approach one of these three bureaus who will use the information provided to them plus other information about you that is publicly available and to which they have access to produce a credit report.
The reason that any one of the three credit scores could be slightly different is that whilst the bureaus have access to the same information, they will also each have slightly different access to different pieces of information, which they will model in a slightly different way in order to produce a credit score.
Each bureau may put a slightly different emphasis on certain aspects of your credit history, which is the main reason why there is a variant in individual’s credit scores.