A Presentation of the Did You Know Series Experian, Equifax and Trans Union have added a new function to their dispute handling system that makes explaining or providing proof of your dispute a bit easier. You can now upload, fax or mail any supporting documents you may have concerning your dispute. Prior to this the … Read more
When an account on a credit report has a dispute remark on it, an automated underwriting system (AUS) will pick up that remark and show it as a “refer” or an “ineligible”. Per Fannie Mae guidelines, the remark must be removed at the bureau level in order to run the report through the AUS. If … Read more
A presentation of the Did You Know Series Did you know…The House Financial Services Committee is working to make the Consumer Financial Protection Bureau (CFPB) more accountable and transparent? The house committee alleges that the CFPB has too much autonomy and power with no accountability when it comes to credit cards, auto loans and mortgages. … Read more
A Presentation of the Did You Know Series Did you know…when you get married you do not inherit your spouse’s credit? Each individual has their own separate credit file. When you marry those files are not combined…they will always be separate. So if the person you are marrying has less then stellar credit you do … Read more
24…that is the average number of points scores increased in 2013 as a result of a rescore. Think about it…how many more loans could have been closed with an extra 24 points? Rescores had an average success rate of 91% in 2013 with 60% of those rescores being accomplished simply by the borrower paying down … Read more
Evergreen, Colo., December 5, 2013 – Advantage Credit was honored recently by being named as one of the top fifty mortgage service providers in the country by Mortgage Executive Magazine. The magazine compiled a list of the nation’s leading companies and chose the top fifty based on service, dedication and hard work. Advantage credit is … Read more
Evergreen, Colo., November 21, 2013 – In an effort to help its clients remain compliant with the Fair Credit Reporting Act, Advantage Credit, Inc., in affiliation with the National Consumer Reporting Association (NCRA), is offering FCRA Compliance Certification. This certification will help users of credit reports understand the FCRA and credit repository policies that regulate … Read more
Evergreen, Colo., November 7, 2013 – Advantage Credit, Inc. is continually striving to improve the customer experience by offering valuable and innovative products and services. Their newest offering, Undisclosed Debt Notification, is a service designed to monitor a borrower’s credit profile throughout the entire loan process helping to ensure a smooth closing. This new service … Read more
In a word… no. Per all credit reporting agencies’ contracts with the national credit bureaus, “any costs or fees bureau charges client for the service will under no circumstances be charged back to the customer, either directly or indirectly…” The reason for the credit bureaus implementing this policy over 15 years ago is based on … Read more
Evergreen, Colo., September 23, 2013 – Advantage Credit Inc., a leading provider of credit reporting services, is pleased to be announced as a preferred credit partner of Stearns Lending. This partnership will allow Advantage Credit customers to reissue their credit reports directly to Stearns Lending’s automated underwriting system, eliminating unnecessary re-access of the information. The … Read more