| Author |
Previous Topic | Next Topic |
|
CreditRepGal
987 Posts |
 Posted - 04/25/2008 : 12:32:22 PM
|
This is some useful information I have recently come across that has been verified multiple times by brokers who use us.
All Mortgage Brokers use a company to pull credit. Make sure you call them and have them lift the 30 day security lock off your account.
Here is why... if you pull a credit report within 30 days of the last one you are being charged for the same information. The Credit report provider saves money but they are not updating the report EVERYTIME you run and PAY for it. If you lift the 30 day security lock.... or make sure there isn’t one implemented... then you don’t have to worry about inaccurate scores or paying for the same information twice. When you do a Rapid Rescore through that provider, they are only updating their information.
I have in too many cases told the broker it was time to re-pull after we did a number of Rapid Rescores directly with the credit bureaus for their client and after they pulled with their credit report provider, the report did not reflect the changes. That’s because they were paying for old information. If you lift the lock, the provider must pull directly from the bureaus each time you order a report. Again... make sure you call your provider and request to have any 30 day lock removed.
|
|
hpmfinancial
1833 Posts |
Posted - 04/25/2008 : 1:49:01 PM
|
| Great advise. |
|
|
CreditTechnologi
517 Posts |
Posted - 04/25/2008 : 1:49:49 PM
|
Alina, this is incorrect.quote:
if you pull a credit report within 30 days of the last one you are being charged for the same information. The Credit report provider saves money but they are not updating the report EVERYTIME you run and PAY for it.
De-duplication logic is provided to prevent an end user (broker or lender) from accidentally re-pulling an existing file (and incurring new charges.) There is no charge for simply delivering another copy of the existing report. Most systems I am aware of (including those of Credit Technologies) also provide a warning to inform the broker that another file exists, and provides the the option of using the existing file or pulling a new one.quote:
When you do a Rapid Rescore through that provider, they are only updating their information.
This is also incorrect. The ONLY way to change a FICO score is to change the data on the underlying repository, and then re-pull that file. Rapid Rescoring updates data on the respective repositories file - not just on the report produced by the CRA. I would have thought you would know this.quote:
I have in too many cases told the broker it was time to re-pull after we did a number of Rapid Rescores directly with the credit bureaus
Credit repair companies are prohibited access to consumer credit data by all three repositories. I have no idea what service you claim to provide, but your firm has no access to the repositories and is not a rapid rescore provider.
|
|
|
hpmfinancial
1833 Posts |
Posted - 04/25/2008 : 1:58:49 PM
|
I think thomas has a crush on you. He seems to follow you post to post and try to make you wrong. He seems like the type of guy that is middle aged and yet never has had friends. He can't learn to get along with people because his constant need to be right. The only problem is he is always wrong.
The best part is he will never garner business acting this way. He keeps shooting himself in the foot with his arrogant attitude and bad advise. Don't let this loser affect you. He is a nobody. |
|
|
CreditRepGal
987 Posts |
Posted - 04/25/2008 : 2:07:44 PM
|
EZ CREDIT provides flawless Rapid Rescoring directly with all three bureaus with results in 3-5 days. $90 a trade. If you have any concerns as to the quality, then please by all means request references from me for Brokers who constantly use us for this service.
Of course if your client purchases a credit repair package the they will receive unlimited rapid rescoring for free.
Again if you turn off the 30 day security lock then you need not be concerned about pulling a report that is not updated. I've had too many cases where the bureaus have completed the RR's and the account is updated but when the LO pulls, it does not reflect the changes.
hpmfinancial,
In your experience has this not occured many times? |
|
|
hpmfinancial
1833 Posts |
Posted - 04/25/2008 : 2:11:37 PM
|
quote:
Originally posted by CreditRepGal
EZ CREDIT provides flawless Rapid Rescoring directly with all three bureaus with results in 3-5 days. $90 a trade. If you have any concerns as to the quality, then please by all means request references from me for Brokers who constantly use us for this service.
Of course if your client purchases a credit repair package the they will receive unlimited rapid rescoring for free.
Again if you turn off the 30 day security lock then you need not be concerned about pulling a report that is not updated. I've had too many cases where the bureaus have completed the RR's and the account is updated but when the LO pulls, it does not reflect the changes.
hpmfinancial,
In your experience has this not occured many times?
It has happened many times, unless you have a provider that specifically asks you if you want to pull a new report, they will pull the old one. |
|
|
CreditRepGal
987 Posts |
Posted - 04/25/2008 : 2:15:56 PM
|
QUOTE: Credit repair companies are prohibited access to consumer credit data by all three repositories. I have no idea what service you claim to provide, but your firm has no access to the repositories and is not a rapid rescore provider.
Don’t waste your time repeating yourself. Your stating we do not provide a service many brokers on here can attest to. I refuse to sit here and argue with you about this. Next you'll be claiming I don’t work on a keyboard but it's actually a xylophone.... Bottom line. You don’t know how we do what we do over here. You can only speculate.
|
|
|
hpmfinancial
1833 Posts |
Posted - 04/25/2008 : 2:17:09 PM
|
quote:
Originally posted by CreditRepGal
QUOTE: Credit repair companies are prohibited access to consumer credit data by all three repositories. I have no idea what service you claim to provide, but your firm has no access to the repositories and is not a rapid rescore provider.
Don’t waste your time repeating yourself. Your stating we do not provide a service many brokers on here can attest to. I refuse to sit here and argue with you about this. Next you'll be claiming I don’t work on a keyboard but it's actually a xylophone.... Bottom line. You don’t know how we do what we do over here. You can only speculate.
Thomas is an absolute nobody. |
|
|
CreditRepGal
987 Posts |
Posted - 04/25/2008 : 2:27:18 PM
|
| Credit Report Provider Companies (to avoid confusion) will never agree with Credit Repair Companies. They loose money because of companies like us. That is a FACT. |
|
|
CreditTechnologi
517 Posts |
Posted - 04/25/2008 : 2:41:32 PM
|
quote:
Originally posted by hpmfinancial
quote:
Originally posted by CreditRepGal
QUOTE: Credit repair companies are prohibited access to consumer credit data by all three repositories. I have no idea what service you claim to provide, but your firm has no access to the repositories and is not a rapid rescore provider.
Don’t waste your time repeating yourself. Your stating we do not provide a service many brokers on here can attest to. I refuse to sit here and argue with you about this. Next you'll be claiming I don’t work on a keyboard but it's actually a xylophone.... Bottom line. You don’t know how we do what we do over here. You can only speculate.
Thomas is an absolute nobody.
Coming from a credit repair provider that chooses personal attacks rather than offering any factual response - I'll take that as a compliment 
I do agree with one thing Alina stated - that readers should simply contact their CRA with any questions regarding credit reporting or rescoring services.
|
|
|
hpmfinancial
1833 Posts |
Posted - 04/25/2008 : 2:44:01 PM
|
Thomas, every factual response is countered by you saying "that is incorrect" then you spout of lies. Get a life. When was the last time you started a thread that people cared to comment on? You are an outpost leach, you jump on threads started by others as a means to make yourself feel good about yourself.
I feel sorry for anyone associated with you. |
|
|
CreditRepGal
987 Posts |
Posted - 04/25/2008 : 3:03:35 PM
|
| I did not personally attack you CT, This was MY post meant to be informative and helpful to BROKERS. You are the one claiming that we do not do Rapid Rescoring when we in fact do. I said don’t repeat yourself because you keep posting that I can’t do Rapid rescore on all of my threads yet you know nothing of this company. I said you don’t know.. because you don’t and that you are only speculating which is true. I'm sorry if you got offended. This thread is to help brokers not to offend you. You are the one coming onto my thread looking to start a fight. Not today. It's Friday and I've already had my coffee. :) |
|
|
CreditRepGal
987 Posts |
Posted - 04/25/2008 : 3:24:47 PM
|
| I didn't write that Thomas... hpmfinancial did. |
|
|
hpmfinancial
1833 Posts |
Posted - 04/25/2008 : 4:17:53 PM
|
quote:
Originally posted by CreditRepGal
I didn't write that Thomas... hpmfinancial did.
As long as Thomas feels inclined to attack others, he will get it right back. |
|
|
CreditRepGal
987 Posts |
Posted - 04/25/2008 : 6:01:33 PM
|
It usually works that way.
I swear by two credit report providers. Even if you are trying to get a client qualified, they know if they have bad credit. Have them pull a report from TRUECREDIT.COM it won’t leave a hard inquiry and you will have an idea if pulling their report even makes sense based on the information. Plus the client pays for it. If they can’t afford $14.00 for a report then they aren’t going to pony up for that appraisal either. AND this is the best.... if your client has a COSTCO account, they can go to costco.com and order a tri-merge for $7.00, again, no hard inquiry and you get a peak before you waste your money and further damage the clients credit score.
Now..... the scores are not always accurate because the disclaimer says they use their own scoring module, HOWEVER the information IN the report is pulled directly from the bureaus. You will know or at least have a good idea based on the report whether or not the scores will be too low for you to work with. I hope this thread has been helpful. I am here to help.
|
|
|
dfranks
105 Posts |
Posted - 04/30/2008 : 08:23:45 AM
|
quote:
Originally posted by hpmfinancial
Thomas, every factual response is countered by you saying "that is incorrect" then you spout of lies. Get a life. When was the last time you started a thread that people cared to comment on? You are an outpost leach, you jump on threads started by others as a means to make yourself feel good about yourself.
I feel sorry for anyone associated with you.
I cannot believe this HPMFinancial Guy is defending CreditRepGal.... it’s just laughable. Do you not remember when she created several accounts JUST to post referrals on her posts? Also, you say that thomas is always lying... again you are WRONG. Alina has tried to say that her credit repair company has an account with a company that pulls credit reports from the CRA's. This is IMPOSSIBLE and has been verified with the company she says she has an account with multiple times. Before you try and put down others for exposing people for who they are you need to look at the facts. Not only have you looked incredibly stupid but you have also hurt your future business by defending people like CreditRepGal. |
|
|
CreditRepGal
987 Posts |
Posted - 04/30/2008 : 10:39:48 AM
|
| Again, that was a couple of my brokers who signed up days before I created my account. I was visiting their shop and they were mentioning how hard it was to place loans so I suggested BO since I used to use it back in the day. A couple days later I decided to go ahead and re-sign up. Secondly We do have the ability to pull credit although we don’t suggest it and prefer the client use one of our recommended credit pulling sites. Truecredit.com and Costco.com because they don’t leave a hard inquiry. If you here looking for a fight you aren’t going to get one. Incredibly your bringing up stuff from 5 months ago! Are you really that bored? This guy also claims we can’t do Rapid Rescoring, but I have many many brokers that can attest to us doing these for them. No one cares what we spat back and forth at each other. It hasn’t hurt my business at all. If you don’t have questions about our services or are not here to leave a testimonial (good or bad) then get off my post. I have no time to humor your need to be combative. If business is slow for you then I'm sorry but I'm quite busy. |
|
|
hpmfinancial
1833 Posts |
Posted - 04/30/2008 : 1:59:21 PM
|
I don't know anything about CreditRepGal, I do know that Thomas jumps on any thread having anything to do with Credit Repair and starts attacking credit repair companies. He makes blanket statements without warrant.
If credit rep gal made multiple accounts to promote her business that is bad news, it is pretty shady if you ask me. I am unaware of this. I can not comment on the validity of this accusation as your the first person telling me this. |
|
|
CreditRepGal
987 Posts |
Posted - 04/30/2008 : 2:47:24 PM
|
| Yeah that was hearsay and an assumption made by a competitor who chose to ignore the fact that I wasn’t even signed up with BO at the time those accounts were created. What you claim isn’t a fact. It’s an opinion, an assumption and nothing more than that. I love how people like to spout off their opinions as facts. I'm off BO for the day.... my calls are still rolling in, so I'm still smiling. |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
