answersLogoWhite
Repossession
Credit Reports
Improving Your Credit Rating
Credit

When can your credit report be reviewed by a lender or other entity?


Top Answer
User Avatar
Wiki User
Answered 2011-08-25 23:59:50

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.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Related Questions


They are not obligated to give you a copy of 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.



Ask them to report your payment history to the three bureaus.


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.


Yes. If you are seeking a bank loan, the lender will want to see a business credit report in most situations.


No, they can provide you with the agencies phone number


How long a credit report is valid depends on the lender, but almost all of them are allow the report to be 90 or 120 days old.


The nomenclature generally used in the credit report industry is usually "hard pull" and "soft pull". A hard pull of your credit history is done when a potential lender retrieves your credit file on your behalf for the purpose of deciding whether to extend credit to you or not. A soft pull is done when you want to pull your own report for review purposes only or when a lender checks your credit without your permission (perhaps to pre-qualify you for a credit card offer).


Your credit scores are very important in determining whether a lender will choose to loan you money or not. The better the scores, the higher the probability of getting a loan.


If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.


It Means Months Reviewed. http:/www.creditengine.net/equifax_format.htm



if your payments are made on time, and your lender reports to credit bureau, your credit score might decrease, because your lender didn't report your auto loan. however, once report is made by your lender, following month your credit score will jump a little.


The lender is likely to report this to the credit reference agencies within a week of the default


It is up to the LENDER to report a repo. Usually they DO report it and it stays on your CR for 7 years.


A lender might not know at the time the credit is pulled but it may show on the title report. Depending on the state, a title report can show any and all bankrupcies and/or judgments against a person. If any money is outstanding from the foreclosure,it may be found inthe judgments.


Your credit is severely damaged. Stays on your credit report for 7 years. Don't let this happen. Contact the lender and work something out.


It might not have been turned in. If not, consider yourself fortunate.


Paying the car off was good but having to repo it to get it paid off was BAD or negative. the lender did report that it was PIF,HUH?? So they reported the good and the bad.


The "MR" column on a CoreLogic Credco Instant Merge credit report shows the number of months reviewed. That is, how many months the tradeline has been open.


IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".



usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.


This can vary by lender. The standard in the past was 90 days, but some lenders have shortened that in light of the current credit "crunch".



Copyright ยฉ 2021 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.