5 ms·

Finally I get to know why my mortgage was declined :)

by zoner 10y ago

phkahler 10y ago
>> Finally I get to know why my mortgage was declined :) My first attempt at one was declined due to "problems with my credit report" or some such. I happened to be working at a place where they did credit checks on customers, so I asked someone to pull my credit report. They had all my stuff, but had mixed in a bunch of information from someone else with the same name - different age, there were loans on there from when I was 3. I called the reporting company to complain and they kept getting caught up in "how did you get your report?" as if I had done something wrong in just having access to their incorrect information. Perhaps having someone pull the info instead of the "consumer" getting it through proper channels was against some rule - this was 1995. I think the same is often true today, companies want to collect data on you but don't really want you to know what they've got or how they use it.
- dublinben 10y ago
  This is exactly why you are legally entitled to receive a copy of your credit report every year. You can challenge anything on it, and have incorrect information removed.
  - phkahler 10y ago
    That had to be made explicit in law precisely because the companies don't want you to have it.
  - jerf 10y ago
    When mentioning this, I find it helpful to include this page: https://www.ftc.gov/faq/consumer-protection/get-my-free-credit-report https://www.ftc.gov/faq/consumer-protection/get-my-free-cred... If you are one of the people just finding out about this today, and you Google "free credit report", you come up with a loooot of bad, scammy links. This is how you get your legally-mandated, really free, annual credit report, starting from an ftc.gov address so you know it's really the right one.
    - sshumaker 10y ago
      Credit Karma is legit and free. Also gives you your credit score and credit monitoring (all free). (Disclaimer: I work there).
      - dublinben 10y ago
        To be fair, the credit score (VantageScore 3) you provide is not the credit score (FICO) most people are interested in, and that is used for most credit decisions.
      - phkahler 10y ago
        So how do they make money? Who pays you?
    - deleted 10y ago
      [deleted]
  - zoner 10y ago
    Not in the EU (or at least not in The UK where I currently live).
    - asherkin 10y ago
      Yes you are, it'll cost you £6 in processing fees to go to all 3 agencies. http://www.experian.co.uk/consumer/statutory-report.html http://www.experian.co.uk/consumer/statutory-report.html https://www.equifax.co.uk/Products/credit/statutory-report.html https://www.equifax.co.uk/Products/credit/statutory-report.h... http://www.callcredit.co.uk/consumer-solutions/your-credit-report/statutory-credit-report http://www.callcredit.co.uk/consumer-solutions/your-credit-r... You can alternatively use the free online services: Noddle use data from Callcredit, and Clearscore use data from Equifax - I don't think there is a free service exposing Experian data.

Finally I get to know why my mortgage was declined :)

by zoner 10y ago

Finally I get to know why my mortgage was declined :)

>> Finally I get to know why my mortgage was declined :) My first attempt at one was declined due to "problems with my credit report" or some such. I happened to be working at a place where they did credit checks on customers, so I asked someone to pull my credit report. They had all my stuff, but had mixed in a bunch of information from someone else with the same name - different age, there were loans on there from when I was 3. I called the reporting company to complain and they kept getting caught up in "how did you get your report?" as if I had done something wrong in just having access to their incorrect information. Perhaps having someone pull the info instead of the "consumer" getting it through proper channels was against some rule - this was 1995. I think the same is often true today, companies want to collect data on you but don't really want you to know what they've got or how they use it.

dublinben 10y ago
This is exactly why you are legally entitled to receive a copy of your credit report every year. You can challenge anything on it, and have incorrect information removed.
- phkahler 10y ago
  That had to be made explicit in law precisely because the companies don't want you to have it.
- jerf 10y ago
  When mentioning this, I find it helpful to include this page: https://www.ftc.gov/faq/consumer-protection/get-my-free-credit-report https://www.ftc.gov/faq/consumer-protection/get-my-free-cred... If you are one of the people just finding out about this today, and you Google "free credit report", you come up with a loooot of bad, scammy links. This is how you get your legally-mandated, really free, annual credit report, starting from an ftc.gov address so you know it's really the right one.
  - sshumaker 10y ago
    Credit Karma is legit and free. Also gives you your credit score and credit monitoring (all free). (Disclaimer: I work there).
    - dublinben 10y ago
      To be fair, the credit score (VantageScore 3) you provide is not the credit score (FICO) most people are interested in, and that is used for most credit decisions.
    - phkahler 10y ago
      So how do they make money? Who pays you?
  - deleted 10y ago
    [deleted]
- zoner 10y ago
  Not in the EU (or at least not in The UK where I currently live).
  - asherkin 10y ago
    Yes you are, it'll cost you £6 in processing fees to go to all 3 agencies. http://www.experian.co.uk/consumer/statutory-report.html http://www.experian.co.uk/consumer/statutory-report.html https://www.equifax.co.uk/Products/credit/statutory-report.html https://www.equifax.co.uk/Products/credit/statutory-report.h... http://www.callcredit.co.uk/consumer-solutions/your-credit-report/statutory-credit-report http://www.callcredit.co.uk/consumer-solutions/your-credit-r... You can alternatively use the free online services: Noddle use data from Callcredit, and Clearscore use data from Equifax - I don't think there is a free service exposing Experian data.