Question: I know their are three...Experian, Equifax and TransUnion, but rather then checking all three I was advised that essentially loan/mortgage officers typically use only one to check eligibility for a home loan. What is the most popular credit bureau used? I am in the process of looking for a home, and want to make sure I know which score will be pulled considering all three have different scores. Thanks!!!
Answer: You were misinformed. Mortgage lenders use all three. Typically they take the mid score, but some do an average. They also will be using FICO scores. Equifax will sell you FICO, but TransUnion and Experian sell Vantage (different scale). You can get FICO scores for TransUnion and Equifax at MyFico.com. Consumers cannot get FICO scores for Experian anymore. You also want to review each report and resolve any errors. If you have derogatory items, mortgage lenders will require you resolve them before you are approved.
Contact NCR Credit Plus they help remove derogatory items off all 3 credit bureaus.
866 469 6599 begin_of_the_skype_highlighting 866 469 6599 end_of_the_skype_highlighting www.ncrcreditplus.com
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