There are a number of actions to can take to improve your Credit or FICO Scores
Opt-out of 'PreScreening'
Prescreening is the practice of selling lists of customers based on
information in the credit file. This is done in order to send unsolicited offers of credit to individuals. In some
cases, malicious actors have intercepted these offers of credit and have opened account in others' names.
By calling 1-888-5OPTOUT, you can opt-out of "prescreening." Be sure to
indicate that you wish to opt-out permanently, otherwise, the Consumer Reporting Agencies (CRA) will start
prescreening you again in two years.
To opt-out permanently, you will need
to complete a form that the CRAs will send after you complete the call.
You can also opt-out by sending a letter to the three national CRAs. The FTC composed a Sample Opt-Out Letter to assist you which is
available at this site.
Opt-out of 'Affiliate Information Sharing'
Under the Federal Credit
Reporting Act (FCRA), individuals can prevent banks, credit card companies, and other creditors from sharing
"transactional" and other information. It allows a subsidiary of a bank holding company to share credit reports and
information from credit or employment or insurance applications with other affiliates even those without permissible
here to copy a sample letter to Opt-Out of Affiliate information sharing. Just highlight the the text, right click
to copy and then open a word processing program and paste. You can then modify the information to reflect your
creditors and banks. Save a copy with a title that includes the company's name and retype the next company's
information and resave again with a new file name.
Associate Mortgage knows there is more to consider than just a person's Credit Report or FICO®
These reports shouldn't be the only
factor evaluated for every loan application, every one is unique!
EVERY TIME SOMEONE PULLS YOUR CREDIT IT DOES LOWER YOUR
SCORE. Therefore, it is important to select your loan officer wisely, prior to starting your loan request. If you
choose someone who does not deliver what they say or who isn't associated with a lot of lenders, you could end up
lowering your score by going elsewhere and wasting a lot of time too!
Affiliate Build Credit Program SM
Our parent company, Associate Consulting LLC has partnered with a Credit Reporting Agency to offer Affiliate Build Credit Program SM (ABC Program SM).
Consumers enroll to demonstrate their fiscal responsibility with information that is not reported to the “big 3”, such as on-time rent, private mortgages not currently reported and recurring bill payments. The ABC
ProgramSM produces a Report and a Score that are used to supplement “big 3” credit bureau reports and scores, or in their absence. A Report and Score can show that an applicant has paid their bills on time, consecutively, for up to the past three (3) years. Like other credit bureaus, the ABC Program maintains bill payment history on file for seven (7) years.
To learn more and enroll click here...
More Information about Credit:
When you contact Associate Mortgage we will ask your
permission to pull your credit. Typically this is performed after talking about your needs, wants and learning more
about your qualifications, e.g., employment and debts. So, unless you know you have credit problems it may be best to
let your mortgage broker pull your credit and review it with you in detail.
We have access to over 50,000 loan programs!
We know what each lender is looking for & avoiding!
Contact us directly at (561) 228-8563 or (888) 431-6387,
ask us a question
or two. Or, click on our Live Chat to
message us now!
We look forward to hearing from you, our most important client!
Page Updated: 07/31/2007
First Published: 2004