What Credit Bureau Does Bank of America Use?


Quick Answer

Bank of America may reference any or all of the three of the major credit bureaus -Experian, Equifax and TransUnion- for consumer credit reports. The reports generate a 'financial snapshot' of an individual's creditworthiness to make decisions in granting loans, credit cards and bank accounts.

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Full Answer

Payment history, total debt, length of credit history, new credit accounts and inquiries and types of credit used are the five main factors that calculate a person's credit score. While the credit score reported by each bureau, known as a FICO score, may be different -as they are updated at various times- they are usually similar.

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