I am of course talking about our scorekeepers who determine your Mortgage payment or any borrowed payment, late or not Equifax, Experian, and Trans-Union. What Happened to TRW?. Does anyone remember getting a "TRW done" so they could buy a Car?
Well guess what, There are brokers who will deliver your credit to a lender by saying that they can get it cheaper than if you were to do it yourself. I really don't understand how or why they can but the information they is old and normally outdated and most consumers are unaware of this problem.
I began to see this when I was trying to refinance my home. Each lender used a Broker for there big three reports. The name are like these, Factual Data, or Chase credit research. I have found them to be off as much as two years and the data of course is also corroupt. Why and how
They say they are cheaper and they might be because nobody makes them update thier files to match what the Big Three reports. They are hidden, hard to see scum of the Earth get rich quick little twerps using a Computer to do what the Lenders should do anyways.
Well, guess what? It's time to go after these cheap pennies and make them accoutable for tossing out old and misleading data.
I am surprised that this is even legal if it even is. When I authorized Bank of America to do a Credit Check, I never said they could use a Broker or Credit one. So they could save on the money that they charge in the loan. Lets see here, I believe they charge us 200 for a credit fee that cost them 10 bucks and you get what you pay for.........old data mixed in with new data.
Heres what you must do. When you authorize anyone to search your credit file, make sure that they go right to the source themselves PERIOD.
I am stormin mad Just like Ocwen Bank Mad and they are hard to beat. So stop these little middle men from accesing your Credit files. You see, these guys are probably crooks and just want to see your data so they do it Cheaper. Look at the phone calls you get, Look at the idenity theft problem. These lenders need to take resposibility for leaking information that was private or so we thought. Next time you have your credit pulled ask whos is doing it and make sure that there is no middleman
Rim of the World, California