Credit Reports Galore - denied free experian equifax

CreditOptions911 asked:

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Lance

Paul H asked:


We recently had a credit score run for us and they gave us the scores of 695, 697 and 707.

Does anyone know the order of the 3 major credit bureaus on such a report and if that is the standard order they come in?

In another words would say for example it be:

Transunion, Experian, Equifax?

Shane

Jon P asked:


Any info on cost and which/how many of the credit info-gathering companies (Experian, TransUnion, Equifax) would be represented on report would also be appreciated.

Valerie

FanRaven asked:


equifax?
transunion?
experian? what is usually higher?

Connie

Sugu asked:


A friend got his first credit card in Oct 2009. In Jan 2010 he still had no credit history. So, after how many months do you start seeing you credit score in Experian, Equifax, TransUnion?

Peggy

AXO asked:


We’re trying to obtain a FHA loan, and we need to meet a minimum credit score of 585 with Regions Bank. We’ve been monitoring our credit scores over the past month. When we ran our last credit report 2 days ago, our scores were:

Equifax: 619
Experian: 569
TransUnion: 552

Today, our credit scores jumped. We now know through myFico.com that we have these scores:

Equifax: 626
TransUnion: 567

Does anyone know if our Experian score might have gone up too? Enough maybe to be over the 580 threshold (because we know this will be our middle score for the loan).

Thanks!

Carlos

JF_CR asked:


Hi,

I have a Score of 730 on Experian and 743 on Equifax But nothing on TransUnion. Few Questions :

How do I go about getting rating on Transunion. ?
How can I go about improving my score. ?

On my Credit Summary, I have 0 under all these items for the 3 bureau Experian / Equifax / Transunion:

REAL ESTATE ACCOUNTS:
INSTALLMENT ACCOUNTS:
OTHER ACCOUNTS:
COLLECTION ACCOUNTS:

ACCOUNTS SUMMARY:
Open Accounts: 1 1 0
Closed Accounts: 0 0 0
Public Records: 0 0 0
Inquiries: 5 1 1

On My Account History :

Account Name: WELLS FARGO BANK
Account Number: XXXXXXX
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment:
Date Open: 1/1/2007
Balance: $0.00
Terms: Revolving
High Balance:
Limit: $4,000.00
Past Due:
Payment Status: Current
Comments: CREDIT CARD

Not much history. What should be my next step to build up fast. Thank you.
I use to be in he 600’s A friend ofmine recently added me on his account. He has a 700-750 credit.
That would explain the jump. But wouldn’t this info show up on my account history ?

also can i ask wells fargo to report my new account to Transunion themselves ?

Could my Fico score be affected by having transunion updating my records ?

I already have 5 inquiries. should i try to get a couple more CC + a target or macy’s card. and keep building using them . ? which card do you advise for my case. ?

how much points could i loose for having 3 more queries in my situation. ?

I live in a roomate situation for which my name is not on the bills. Should i add my name on one or more bills and pays them online ? Any utilities better to be on ? Gas, Cable etc..

Thank you very much for your complement answers.

Ida

JOYCorporation2009 asked:

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Ida

JH asked:


There is Experian, Equifax and Transunion I have different scores for each, but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, lowest or average?

Alice

John Chase asked:


Debt Settlements Effect On Credit Report

When you go to a loan company today, you might be wondering why they never ask you for any information other than those used to verify your identity. What you need to know, however, is that credit companies today are able to access your full credit profile merely by calling up a credit bureau and have them prepare a credit report on you. The credit debt effect report settlement then comes into play.

What exactly is this effect? Well, it actually has many components. The first is that the credit report is analyzed in order to try and predict whether you would be able to pay your loan off or not. Every moneylender knows that there is a risk to be taken in the business. However, every moneylender also knows that there are ways of minimizing risk.

By studying your profile and determining that you are creditworthy, the moneylender will be able to approve your loan. If you are denied, then there would be no debt settlement, correct?

Another factor of the effect is that the report actually shows creditors what sort of interest they should start charging you. As you know, the interest factors highly in the amount of debt to be paid off. If your credit score as determined using your credit report, rates above 750, you are actually entitled to 4% less interest. This can be a huge amount of savings for long-term debts.

The credit report – debt settlement effect also includes your options for getting rid of your debts finally. The report first determines whether you are viable to apply for bankruptcy, should you be unable to pay your debts. As you may know, a lot of companies today would rather call for a debt settlement than have you declare bankruptcy, in which they will not receive a single cent.

Using your credit report, companies can determine whether you can declare bankruptcy. Some of these qualifications are:

1) Inability to pay off debts –This can be seen in your credit record easily by taking note of the number of unpaid credit cards and debts you have. Of course, this also takes into account the passage of time. A few months of delinquent payment may qualify you for bankruptcy.

2) No collateral - Your lack of equity in any assets such as real estate or automobile can also be examined using your credit report. If found that you cannot sell off anything which can be used to cover your debts, you would be a candidate for bankruptcy.

3) Income – There are also certain companies which would allow you to settle your debts if they see that your income can cover it. If it is seen that your current and future income would be unable to cover your debts, however, your option would be to declare bankruptcy.

Of course, the credit report’s effect on debt settlement does not end there. It also determines just how high the settlement rate is going to be. If, for example, the company examines your credit report and finds you in very deep financial hardship, it may ask you to pay 60 percent of your debt, rather than 75.

Of course, the credit report – debt settlement effect needs some help too. If you truly want to negotiate, you have to present your creditors with other types of proof of your financial distress. This could definitely help you get lower rates.

There is also, the positive side. If you regularly check out your credit report and use it to guide your financial situation, it might come to the point when you won’t have to go for debt settlement. By regularly keeping track of your credit report, you could make sure that all your debts remain current and that you have enough resources to cover them.

Using a credit report in this manner would be a very wise option indeed. In fact, it can even help you make sure that you would be able to get a loan when you really need it. After all, that’s what credit was originally designed for: not convenience, not for prestige, but for the moment when you are in need and have no resources to turn to. So take advantage of this credit debt effect report settlement and live a more fulfilled life.

For more useful information on debt settlements effect on credit report, please visit Debt Relief Adviser.



JEFFERY