Credit Scoring Means You're Being Watched
The 3 Main Credit Bureaus Are Not governent Agencies And Don't Share Info
This page was last modified on Sunday, March 18, 2007 04:15:30 PM--Washington
Private Business have made credit scoring and credit reports a big business, according to leading
mortgage credit consultants across the county.
"Many people are unaware of what's in their "credit file" and have no true idea of why their credit
is 'Scored" to begin with," says leading mortgage consultants with MortgageHomeUS.com.
In seminars held across the county and for loan officers who are trained by Mortgage Home US,
potential home owners and current owners learn why the credit report was put together and what
kind of information they can expect to see.
But many are still surprised at the mistakes and errors in the majority of credit reports.
This has an impact on how mortgage lenders and others view your financial profile and
can cost you thousands of dollars in excess interest unless you are aware and eliminate
them.
Recommendations include getting your free credit report each year, and learning what
you need to do to paint the best picture for lenders when you need them.