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Can a lender disclose my credit report to my spouse with out my approval?
Wiki User
∙ 16y ago
No.
Wiki User
∙ 16y ago
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Do you get a copy of your credit report if is run by a lender?
They are not obligated to give you a copy of a credit report.
How does a lender use a credit report?
A lender will request a credit report from one of three credit reporting bureaus. This report will give the lender an idea about how likely you are to repay a loan on time and in full. The better your credit report, the more likely you are to repay the loan in full on time and (in general) the lower an interest rate you will be offered.
Does your cosigner have to know the details on your credit report and score prior to signing for a loan- does the lender share this information?
It is totally up to you who you share your credit report info with, but it is against the law for a creditor or credit reporting agency to disclose any information regarding your file, only you have the authority to access your credit file and unless there is a permissible purpose as defined by law no one else including a creditor can access your file.
When can your credit report be reviewed by a lender or other entity?
when you ask said lender for a loan, you will sign a release that allows them to obtain your credit report and show it to you.If you are applying for credit, you may give permission for a credit review. Otherwise, your credit cannot be reviewed without your permission.
Can lender give you a copy of your credit report?
No, they can provide you with the agencies phone number
Do you get a copy of your credit report if is run by a lender?
They are not obligated to give you a copy of a credit report.
How does a lender use a credit report?
A lender will request a credit report from one of three credit reporting bureaus. This report will give the lender an idea about how likely you are to repay a loan on time and in full. The better your credit report, the more likely you are to repay the loan in full on time and (in general) the lower an interest rate you will be offered.
Which of the following can be a reason for a lender to deny credit?
negative information in your credit report
How do you get a private lender to report favorable credit?
Ask them to report your payment history to the three bureaus.
How will voluntary repossession of my home in Texas affect my credit?
The effect on your credit will depend on how the lender chooses to report it to the credit bureau. Sometimes a lender will be willing to report it 'paid as agreed' or 'settled' entry on the credit report rather than an actual repossession. If it is reported as an actual repossession or foreclosure it will be on your credit for seven years and negatively effect your rating.
Does your cosigner have to know the details on your credit report and score prior to signing for a loan- does the lender share this information?
It is totally up to you who you share your credit report info with, but it is against the law for a creditor or credit reporting agency to disclose any information regarding your file, only you have the authority to access your credit file and unless there is a permissible purpose as defined by law no one else including a creditor can access your file.
When can your credit report be reviewed by a lender or other entity?
when you ask said lender for a loan, you will sign a release that allows them to obtain your credit report and show it to you.If you are applying for credit, you may give permission for a credit review. Otherwise, your credit cannot be reviewed without your permission.
Can lender give you a copy of your credit report?
No, they can provide you with the agencies phone number
Can a bank run a credit report on a business?
Yes. If you are seeking a bank loan, the lender will want to see a business credit report in most situations.
Request to Return or Destroy a Credit Report?
Get StartedLenders frequently request a copy of your credit report and other personal data to assist in determining whether they should extend credit to you. A lender may be a bank, credit card company, merchant, or other business that extends credit as part of its business. The lender will use the credit report and other personal data in the process of deciding whether or not to extend credit. If you are given credit, the lender may wish to maintain the copy for an extended period of time for its possible value in collecting the loan or credit that has been extended to you. As time passes and the information in the credit report becomes more dated, the lender will have less of a need for the report.At whatever point the lender has no further use for the report, and it may be difficult to know when this occurs, you should request that the report be sent to you or destroyed so that it does not end up in a trash receptacle or other public area to be picked up by an identity thief. To help you estimate when to request the report, use these guidelines. If credit is denied, request the report immediately at the time of denial. If credit is extended, then wait approximately six months to request the report.When requesting that the report be destroyed or returned, briefly explain why the report was needed and what it is that you want the lender to do.
What is mean by credit approval?
Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.
What is mean by approval?
Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.
