How Can a Credit Report be Obtained? The credit bureau receives an application from the client or from the lender, to receive the client’s credit report. By sending this client’s basic information, in other words his name, his address, and his social security number to one or more of the three bureaus, an almost immediate response is received. These responses contain the client’s information in the form of three data files in the rough, each file coming from one of the three bureaus. Then, the credit system of the bureau that is reporting will facilitate a credit report that includes all the compiled data from the three files. The credit bureau can only make cosmetic changes or verify the requested information in the credit report that it receives from the initial request. Such changes are requested by the lenders for the purpose of the client’s credit approbation. They commonly request verification of the client’s payments, belongings, and account actualizations. The credit bureau doesn’t make permanent changes in the information that is kept by all three bureaus, but with certain corrections made in some documentation, it can advance the process of actualization of the files from all the three bureaus. #CROW4U #credit #friday #tips #creditreports #tgif
Posted on: Fri, 16 Aug 2013 18:38:08 +0000