Didn't the law change with FACTA?????? If someone knows, please give me a reference of some kind so that I can show them and get a copy. Thanks so much!!!
2007-01-03 09:36:31 · 4 answers · asked by ograndetyler 3 in Business & Finance ➔ Credit
Are you working directly with a lender, or with a broker?
If you're working with a broker, the broker should be able to obtain the credit report pulled by the lender.
If you're working directly with a lender, they should be able to send you a copy as well if you were denied the loan.
From the FTC website:
"Under federal law, you’re entitled to a free report if a company takes adverse action against you such as denying your application for credit, insurance, or employment and you ask for your report within 60 days of receiving notice of the action. "
If you weren't denied credit they don't need to provide a credit report.
Learn more about mortgage and credit:
http://www.thetruthaboutmortgage.com
http://www.thetruthaboutcreditcards.com
2007-01-03 09:43:47 · answer #1 · answered by Todd S 3 · 0⤊ 0⤋
Pay your credit cards in full each month. Otherwise your credit will remain low. Your g/f works at a bank, and she is trained to think that carrying balances is good. (all bank people are trained to think this). The truth= carrying balances is the fastest way to destroy your credit score Just study a bit about the fico score. High balances on a credit card could hurt scores by almost 100 points. Honestly, people do not know the damage. So pay off those cards in full each month - go it? Know that opening new credit dings your score for the first 6 months. Do not open any new credit. Plus, you simply do not need it.
2016-05-22 23:47:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
First responder is correct. But I can get a copy on request from my bank, and some potential lenders will give you a copy as a courtesy if they pull a copy for their own use. (I suspect that they are not supposed to do so.)
2007-01-03 09:45:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think you're talking about the FCRA. Only if you are declined a loan for some reason. And even then, they do not provide you the credit report. They only provide you with the reason for decline.
You have to ask the credit bureaus for your report.
2007-01-03 09:39:02 · answer #4 · answered by Kevin K 3 · 0⤊ 0⤋