Understanding Credit Reports- Lendfast.com

LendFast.com - Understanding Credit Reports

Welcome to LendFast.com

The Standard Factual Credit Report is prepared by a credit service bureau in your area, and is forwarded to both you and your loan officer.

The local credit bureau will request your credit history from all three credit reporting agencies, edit those reports for currency and consistency, and blend them into a single document for delivery to the interested parties.

Credit Repair Tips and Tricks
Credit Reporting Agencies Beware of Credit Repair Frequently Asked Questions Fair Credit Reporting Act Facts About Chapter 7 BK Facts About Chapter 13 BK	Identity Theft Precautions Repair Your Credit Now Credit Consumer Rights What is a FICO score? Correct errors on my report Free Sample Collection Letters	What if Identity Theft Occurs Types of credit reports Credit and Divorce Facts About Cosigning a Loan Free Credit Report & Score

Get your FREE Credit Report & Credit Score!

Monitoring your credit report allows you to stay on top of your credit on a daily basis. Try it FREE for 7 days!

Experience daily monitoring of your Experian, Equifax, and TransUnion credit reports
Receive email alerts of key changes to any of your 3 credit reports
Get unlimited Experian credit reports & credit scor
es with paid membership
$50,000 Triple Advantage Guarantee*
And more!

They will begin this process only upon receipt of a consent form signed and dated by you at the time you file your application with a loan officer. There are several categories of information in the completed report:

Identifying information - This is basically your name, address and SS number.
Employment information - Each time a creditor requests a credit bureau they are required to put your employment. This is a chronological list of those employers, mainly used by perspective new employers.
Credit information - Who you owe and how you have paid them.
Public records if any (tax liens, judgments, bankruptcy etc)
Inquiries for your record by others - Who else has checked your credit. This is how us loan officers know who you have been shopping with.

The following categories are NOT included in your credit report:

Race
Religion
Health information
Driving record
Criminal record, if any
Political affiliations, if any
Income

Understanding Credit Reports

LendFast.com - Understanding Credit Reports

Credit Repair Tips and Tricks

Get your FREE Credit Report & Credit Score!