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Yes, it is required by the Feds that banks pull credit reports on applicants.
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∙ 13y ago
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Are the online free credit reports reliable?
Yes, free online credit reports are usually pulled from the 3 major credit bureaus Experian, Equifax and Trans Union. These are the same credit reports your lenders will pull if they pull your credit.
How do you pull other individual's credit reports?
You need the written permission of the person whose credit you wish to examine or an order from the court.
Are there any online banks that will allow you to get a checking account without doing a credit check?
Most banks use some kind of verification when opening accounts. There are many banks that do NOT use credit as a means but use chexsystems or telecheck instread. Other banks may pull credit for identity purposes only.
Does waiting for inquiries to expire from credit reports before applying for loans have much impact?
yes, recent inquiries will drop you score. If you are shoping are for a mortgage you should pull your own credit report and see what the multiple lenders can do for you with our pulling your credit each time.
Can your mortgage company pull your credit again?
Yes - and no. They may pull partial credit reports if it is determined that you are a significant default risk or if you are going into default. Also, if you are working on a loan and the old bureau used to qualify you has expired, they do not need to seek permission to repull as they need to to complete the work you have already hired them to do.
Are the online free credit reports reliable?
Yes, free online credit reports are usually pulled from the 3 major credit bureaus Experian, Equifax and Trans Union. These are the same credit reports your lenders will pull if they pull your credit.
Are credit reports online reliable?
Credit reports online are reliable. These reports are taken from the same three major credit bureaus that lenders will pull their own reports from.
Who has access to personal consumer credit reports?
A consumer has access to his own credit. When you apply for loans, you authorize the lender to pull your credit. You also give permission to prospective employers as well as in other matters where the information is relevant. Collection agencies pull your credit to research information about your situation, your employer, current address, etc. The general public does not have access to credit files. Those who have access to personal consumer credit reports, are the credit agencies, credit card companies (should you apply), mortgage firms and banks, and car dealerships (should you buy a car and not pay in cash).
How to pull someone else's credit report?
Unless you work for an attorney or someone who can legally pull other's reports, it is illegal and not easy to pull another persons credit report. You can't legally do so.
How do you pull other individual's credit reports?
You need the written permission of the person whose credit you wish to examine or an order from the court.
Are there any online banks that will allow you to get a checking account without doing a credit check?
Most banks use some kind of verification when opening accounts. There are many banks that do NOT use credit as a means but use chexsystems or telecheck instread. Other banks may pull credit for identity purposes only.
Does it effect your credit score when employers check your credit?
No it does not -- it is called a soft inquiry. The credit bureaus classify companies who pull a credit report. Some companies pull credit reports for lending, others use credit reports for non-lending purposes. Hard inquiries are those that count against credit scores and are from lenders upon an inquiry for credit. Soft inquiries or those used for non-lending practices do not count against credit scores. From the classifications used by credit bureaus, the credit scoring system can determine the type of inquiry (whether for credit or otherwise) that is pulled.
If you have lost all your financial records how do you find out who you owe money to when you file bankruptcy?
Make a list of what you can renember, then pull copies of your credit reports.
You have two different credit reports with the exact same informaton so why is your credit score have a 100 point difference?
ANSWER: There are many variables. # What is the time difference between the two credit reports? Hours, days, or weeks? Creditors report to the bureaus on different days. That is why when you pull your credit report it will show a balance on one of your credit cards and you say to yourself "wait a minute I payed that card down to zero". The reason is the creditor you paid down didn't report the balance to the "Credit Reporting Agency" yet. # Did you pull the credit report yourself or did a company pull it? I have found credit report scores differ when pulled by the consumer or by a company. Credit ReportAgencys recognize social security numbers first, name spelling second, primary address of consumer last. If any of those items are changed, misspelled by one letter, etc., credit scores will differ.
Does waiting for inquiries to expire from credit reports before applying for loans have much impact?
yes, recent inquiries will drop you score. If you are shoping are for a mortgage you should pull your own credit report and see what the multiple lenders can do for you with our pulling your credit each time.
Can your mortgage company pull your credit again?
Yes - and no. They may pull partial credit reports if it is determined that you are a significant default risk or if you are going into default. Also, if you are working on a loan and the old bureau used to qualify you has expired, they do not need to seek permission to repull as they need to to complete the work you have already hired them to do.
How many times can a bank pull your credit report without lowering your credit score?
If they don't pull a full report and only do a soft inquiry then it doesn't ever hurt. If you are however, applying for credit at the bank and they do a "hard inquiry" where they view your full report then it only takes one time. If you are going around in a short length of time and having banks pull your credit for the purpose of a home or car loan then usually the credit report agencies count this as one inquiry because it's quite reasonable to shop around.
