The report itself will be similar if not the same- that is, if you are looking at the same report as the creditor! There are three main credit reporting agencies, and not all creditors/lenders will report to all three. You may have great payment history according to one agency, a clean track record in another, but have an extreme "baddie" in the third that isn't even mentioned on the other two.
As for scores, that is another story. There are so many different scoring models out there it's scary- from Transrisk to PLUS score, Vantage Score, and of course the mighty FICO, that most universal of models. Regrettably I believe that the FICO score is very hard to obtain unless you are the representative of a creditor deciding the creditworthiness of a customer. The agencies usually give this number out to banks and CC companies, which is the number the creditors really use to determine your approval or denial. Consumers pretty much get "fako" scores like the PLUS and Transrisk, which are close but not quite perfect...
It is considered a derogatory mark on a consumer's credit report to have the notation "closed by credit grantor" rather than "closed by consumer".
Information only comes off the credit report when the original creditor who reported the information requests the credit bureau to remove it, or if the credit bureau removes it after they have made the attempt to contact the creditor to request them to remove it and the creditor fails to respond. If the creditor cannot be located which is another way they may fail to respond, the credit bureau may remove it after a period of time. In all cases, you the consumer must initiate the process to contest the information in writing. Because the credit bureau customers are the creditors and not you, the credit bureau will only make changes when their customers (the creditors) ask them to. The creditors all pay annual fees to the credit bureaus to be a member and have the ability to put payment history information into your credit file. That's why the consumer must contest the information, then force the credit bureaus to validate and confirm the information with their customer first, then take the appropriate action once they get a response or fail to get a response.
The creditor is the person who provided services, goods, or credit.
When you ask a possible creditor to inquire about your credit, it may affect your credit. This is because it implies that you're possibly opening a new line of credit. But you have the right to look at your credit report without affecting your credit. When you request your credit report it's called a "consumer pull" and has no affect on your credit.
line of credit
It is considered a derogatory mark on a consumer's credit report to have the notation "closed by credit grantor" rather than "closed by consumer".
The "Truth in Lending and Consumer Leasing Acts" allow borrowers to sue a creditor or credit bureau that verifies incorrect data about his or her credit history.
Information only comes off the credit report when the original creditor who reported the information requests the credit bureau to remove it, or if the credit bureau removes it after they have made the attempt to contact the creditor to request them to remove it and the creditor fails to respond. If the creditor cannot be located which is another way they may fail to respond, the credit bureau may remove it after a period of time. In all cases, you the consumer must initiate the process to contest the information in writing. Because the credit bureau customers are the creditors and not you, the credit bureau will only make changes when their customers (the creditors) ask them to. The creditors all pay annual fees to the credit bureaus to be a member and have the ability to put payment history information into your credit file. That's why the consumer must contest the information, then force the credit bureaus to validate and confirm the information with their customer first, then take the appropriate action once they get a response or fail to get a response.
Arturo J. Galindo has written: 'Creditor rights and the credit market' -- subject(s): Debtor and creditor, Credit control, Finance companies 'Creditor protection and financial cycles' -- subject(s): Law and legislation, Business cycles, Credit control, Consumer protection
Yes, there are no consumer laws preventing a creditor from requesting financial information from the applicant.
No. Negative entries concerning all creditor debts remain on the consumer's credit report for the required 7 years.
Marion B. Stokes has written: 'The seller's credit guide' -- subject(s): Law and legislation, Consumer credit, Collection laws, Debtor and creditor
The creditor is the person who provided services, goods, or credit.
When you ask a possible creditor to inquire about your credit, it may affect your credit. This is because it implies that you're possibly opening a new line of credit. But you have the right to look at your credit report without affecting your credit. When you request your credit report it's called a "consumer pull" and has no affect on your credit.
Generally, only the last twelve (12) months of credit report requests are included on a credit report.
Disability does not negate the responsibility to pay for a loan. A defaulted loan can damage your credit and yes, the creditor still expects the money. Sometimes an attorney or Consumer Credit Counselor can help smooth the way when dealing with a creditor.
A. Charlene Sullivan has written: 'Sales finance companies' -- subject(s): Consumer credit, Sales finance companies 'Consumer finance companies' -- subject(s): Consumer credit, Consumer finance companies, Debtor and creditor, Usury laws 'Social efficiency of the Bankruptcy Reform Act of 1978 with regard to personal bankruptcy' -- subject(s): Bankruptcy 'Commercial banks--CRC 1979 creditors survey' -- subject(s): Bank loans, Consumer credit