Obtaining a credit report.

[Enorah]

“Submitted by Raybyrnes on December 19, 2007 – 11:17pm.

you can also go to freecredit report.com and subscribe for a 30 day trial of there credit monitoring service. This will actually give you a merged credit score along with reports form teh 3 bureasu but it does require that you provide credit card info in the event that you don’t cancel. Bottom line, requires a little effort but accomplishes what you are looking for.”

That is the way we did it when we needed our credit reports. Very simple to cancel. Just need to cancel by phone.

We had to do it this way because our information was “not available” on-line through the free annual one.

[NotCranky]

Ray that sounds like the thing do do. I saw those options and actually was having a hard time finding one that didn’t include the membership. I found a “one time” report that was $47.

Enorah you said, “that is the way WE did it”. Did you and your partner each open a separate trial account, or did one account handle inquiries for both?

Ray & Enorah:

You both recommend cancelling. Could you think of any circumstances for which keeping the monitoring service might be a good idea?

[NotCranky]

Ray that sounds like the thing do do. I saw those options and actually was having a hard time finding one that didn’t include the membership. I found a “one time” report that was $47.

Enorah you said, “that is the way WE did it”. Did you and your partner each open a separate trial account, or did one account handle inquiries for both?

Ray & Enorah:

You both recommend cancelling. Could you think of any circumstances for which keeping the monitoring service might be a good idea?

[NotCranky]

Ray that sounds like the thing do do. I saw those options and actually was having a hard time finding one that didn’t include the membership. I found a “one time” report that was $47.

Enorah you said, “that is the way WE did it”. Did you and your partner each open a separate trial account, or did one account handle inquiries for both?

Ray & Enorah:

You both recommend cancelling. Could you think of any circumstances for which keeping the monitoring service might be a good idea?

[NotCranky]

Ray that sounds like the thing do do. I saw those options and actually was having a hard time finding one that didn’t include the membership. I found a “one time” report that was $47.

Enorah you said, “that is the way WE did it”. Did you and your partner each open a separate trial account, or did one account handle inquiries for both?

Ray & Enorah:

You both recommend cancelling. Could you think of any circumstances for which keeping the monitoring service might be a good idea?

[NotCranky]

Ray that sounds like the thing do do. I saw those options and actually was having a hard time finding one that didn’t include the membership. I found a “one time” report that was $47.

Enorah you said, “that is the way WE did it”. Did you and your partner each open a separate trial account, or did one account handle inquiries for both?

Ray & Enorah:

You both recommend cancelling. Could you think of any circumstances for which keeping the monitoring service might be a good idea?

[HLS]

RUST,
Paying for your score through any agency will get you your “consumer” score. It is NOT necessarily the same score that somebody in the mortgage business will get when running your score for a loan purpose.
It is also possible that a score run for the purposes of an auto loan can be different.

There is also a new scoring system that is being used that goes up to 900 or 1000 that nobody in the world cares about.
That’s what you may get if you pay.

The standard system used for mortgages has a high of 850, (which is nearly impossible to have)

No mortgage lender will use the score that you come up with, they will need to run their own. Scores can change at any time.

Paying for a consumer score will give you an idea of where you stand, but that’s it. You really cannot accurately shop for a mortgage with a consumer score.

The advantage to running your own credit report is that it is considered a “soft” inquiry and shouldn’t affect your credit score.
Running a hard inquiry will be accurate, but could affect your score a few points, which should recover in a short period of time.

I can offer to run a tri-merge report (all 3 bureaus) with mortgage scores for you for $30 for a single or couple.

I think that you have my contact info if interested.

[HLS]

RUST,
Paying for your score through any agency will get you your “consumer” score. It is NOT necessarily the same score that somebody in the mortgage business will get when running your score for a loan purpose.
It is also possible that a score run for the purposes of an auto loan can be different.

There is also a new scoring system that is being used that goes up to 900 or 1000 that nobody in the world cares about.
That’s what you may get if you pay.

The standard system used for mortgages has a high of 850, (which is nearly impossible to have)

No mortgage lender will use the score that you come up with, they will need to run their own. Scores can change at any time.

Paying for a consumer score will give you an idea of where you stand, but that’s it. You really cannot accurately shop for a mortgage with a consumer score.

The advantage to running your own credit report is that it is considered a “soft” inquiry and shouldn’t affect your credit score.
Running a hard inquiry will be accurate, but could affect your score a few points, which should recover in a short period of time.

I can offer to run a tri-merge report (all 3 bureaus) with mortgage scores for you for $30 for a single or couple.

I think that you have my contact info if interested.

[HLS]

RUST,
Paying for your score through any agency will get you your “consumer” score. It is NOT necessarily the same score that somebody in the mortgage business will get when running your score for a loan purpose.
It is also possible that a score run for the purposes of an auto loan can be different.

There is also a new scoring system that is being used that goes up to 900 or 1000 that nobody in the world cares about.
That’s what you may get if you pay.

The standard system used for mortgages has a high of 850, (which is nearly impossible to have)

No mortgage lender will use the score that you come up with, they will need to run their own. Scores can change at any time.

Paying for a consumer score will give you an idea of where you stand, but that’s it. You really cannot accurately shop for a mortgage with a consumer score.

The advantage to running your own credit report is that it is considered a “soft” inquiry and shouldn’t affect your credit score.
Running a hard inquiry will be accurate, but could affect your score a few points, which should recover in a short period of time.

I can offer to run a tri-merge report (all 3 bureaus) with mortgage scores for you for $30 for a single or couple.

I think that you have my contact info if interested.

[HLS]

RUST,
Paying for your score through any agency will get you your “consumer” score. It is NOT necessarily the same score that somebody in the mortgage business will get when running your score for a loan purpose.
It is also possible that a score run for the purposes of an auto loan can be different.

There is also a new scoring system that is being used that goes up to 900 or 1000 that nobody in the world cares about.
That’s what you may get if you pay.

The standard system used for mortgages has a high of 850, (which is nearly impossible to have)

No mortgage lender will use the score that you come up with, they will need to run their own. Scores can change at any time.

Paying for a consumer score will give you an idea of where you stand, but that’s it. You really cannot accurately shop for a mortgage with a consumer score.

The advantage to running your own credit report is that it is considered a “soft” inquiry and shouldn’t affect your credit score.
Running a hard inquiry will be accurate, but could affect your score a few points, which should recover in a short period of time.

I can offer to run a tri-merge report (all 3 bureaus) with mortgage scores for you for $30 for a single or couple.

I think that you have my contact info if interested.

[HLS]

RUST,
Paying for your score through any agency will get you your “consumer” score. It is NOT necessarily the same score that somebody in the mortgage business will get when running your score for a loan purpose.
It is also possible that a score run for the purposes of an auto loan can be different.

There is also a new scoring system that is being used that goes up to 900 or 1000 that nobody in the world cares about.
That’s what you may get if you pay.

The standard system used for mortgages has a high of 850, (which is nearly impossible to have)

No mortgage lender will use the score that you come up with, they will need to run their own. Scores can change at any time.

Paying for a consumer score will give you an idea of where you stand, but that’s it. You really cannot accurately shop for a mortgage with a consumer score.

The advantage to running your own credit report is that it is considered a “soft” inquiry and shouldn’t affect your credit score.
Running a hard inquiry will be accurate, but could affect your score a few points, which should recover in a short period of time.

I can offer to run a tri-merge report (all 3 bureaus) with mortgage scores for you for $30 for a single or couple.

I think that you have my contact info if interested.

[NotCranky]

Thanks HLS,
I am mostly trying to get more fluent with the topic, I am a little in the stone age. Seems like there might be others on the board, or lurkers who would have questions too.

Some of the sites I have studied claimed to give a lender preferred report. haven’t tested it yet.

Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit. As for my clients, I avoid the risk of having them possibly perceive that I am steering them to a mortgage broker. In fact I have no desire to do steering of any kind. I explain options and give referrals if they ask. I know good brokers with different personalities and I generally refer where I think there will be a good match on that basis.

Anyway, Being able to talk fluently on this topic will be helpful in advocating for my clients.

[NotCranky]

Thanks HLS,
I am mostly trying to get more fluent with the topic, I am a little in the stone age. Seems like there might be others on the board, or lurkers who would have questions too.

Some of the sites I have studied claimed to give a lender preferred report. haven’t tested it yet.

Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit. As for my clients, I avoid the risk of having them possibly perceive that I am steering them to a mortgage broker. In fact I have no desire to do steering of any kind. I explain options and give referrals if they ask. I know good brokers with different personalities and I generally refer where I think there will be a good match on that basis.

Anyway, Being able to talk fluently on this topic will be helpful in advocating for my clients.

[NotCranky]

Thanks HLS,
I am mostly trying to get more fluent with the topic, I am a little in the stone age. Seems like there might be others on the board, or lurkers who would have questions too.

Some of the sites I have studied claimed to give a lender preferred report. haven’t tested it yet.

Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit. As for my clients, I avoid the risk of having them possibly perceive that I am steering them to a mortgage broker. In fact I have no desire to do steering of any kind. I explain options and give referrals if they ask. I know good brokers with different personalities and I generally refer where I think there will be a good match on that basis.

Anyway, Being able to talk fluently on this topic will be helpful in advocating for my clients.

[NotCranky]

Thanks HLS,
I am mostly trying to get more fluent with the topic, I am a little in the stone age. Seems like there might be others on the board, or lurkers who would have questions too.

Some of the sites I have studied claimed to give a lender preferred report. haven’t tested it yet.

Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit. As for my clients, I avoid the risk of having them possibly perceive that I am steering them to a mortgage broker. In fact I have no desire to do steering of any kind. I explain options and give referrals if they ask. I know good brokers with different personalities and I generally refer where I think there will be a good match on that basis.

Anyway, Being able to talk fluently on this topic will be helpful in advocating for my clients.

[Author]

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