The information pertaining to your account is usually given to the credit agency by the lenders who have complete history of your tradelines. These credit providers have agreements with crediting bureaus to provide the needed necessary information about an account whenever requested.
Depending on a biweekly or monthly cycle, the data of personal tradelines business is refreshed in order to keep the credit agencies fully aware and updated about your open credit tradelines. If you wish to see get a copy of your credit report, you could ask the credit agency for a free report once a year detailing all your credit information including the open tradelines.
It is strong recommended that you check and verify each line item and every little personal information that is part of your credit report. If you notice any discrepancy or any misinformation, you can immediately inform the credit agency to fix the issue and confirm back to you as quickly as possible.
Credit agencies receive this information about your open tradelines from the money lenders and credit load companies, which means the information received should be accurate and already cross referenced. It is important to understand that in order to improve credit rating, you should be having low debt and should have a clear and clear payment history.
There can be sometimes varying differences between one report to the other, this is due to some tradelines only being part of one of the report and missing on the other two. For the sake of accuracy, all 3 reports should have similar information in order for your credit report to give you an a fair scoring chance. Discrepancy in one of the reports could greatly affect the final credit scoring and evaluation. Therefore, it is recommended to keep a check on open tradeline accounts and to resolve any misinformation issues as early as possible.