scu frosh asked: I recently got declined for the reasons below which is from an online letter. what can i do different? “Your consumer credit bureau score from Trans Union is too low (See below) Amount of annual income listed on the application is insufficient or missing. High utilization of credit lines or insufficient utilization [...]
Sophie Wilson asked: Do you know before offering loans, lenders always check your yearly credit report? This report gives an overview of your financial standing in the market. So, it is advisable to scan your free yearly credit report before applying for loans.There are three major credit reporting agencies that formulate credit report that are [...]
Brad Stroh asked: Get Your Credit Report & AnalysisIt is very important to get your credit report and analysis. Why is this important? For one thing, if you’re thinking about buying a house or applying for credit for any other big purchase, you’ll need a clean credit report, and it’s always best to get your [...]
Robert F. Brennan, Esq. asked: The Federal Credit Reporting Act ["FCRA"] makes it mandatory for Credit Reporting Agencies such as Experian, Equifax and Trans Union “to follow reasonable procedures to assure maximum possible accuracy of the information in the [consumer's credit] report….” A willful and negligent failure to do so is violation number 1 of [...]
LittleMomma asked: I pulled a credit report and the Trans Union score was 740. Two days later, I had to pull a new report – it was the lender’s decision, not mine – and Trans Union dropped their score nearly 50 points!!! I understand they use different models, but can anyone explain this huge drop? [...]