Credit report change in two days

[tornquad201]

I applied for a mortgage loan and was locked in at a certain interest rate , I picked up in the documents that it changed and I inquired why . For the next few days nobody called me back then I received a email stating that it was due to my credit score dropping one full point 778 to 678 can this happen or am I being bullshitted

 

[Jefe]

Did your balances change recently? My credit scores seem the be 2-3 months behind my activity.

 

[pesty4077]

You have 3 major bureaus for credit reports. You have a 3 report merging one. Then you have different ones for real-estate, cars, loans, etc. As you can see they can literally change all the time depending on what ones they pull. These loan companies know this and know your scores ahead of time. So they can say one score to get you interested and it changes later. Remember the higher interest, the more money they make.

 

[tornquad201]

You have 3 major bureaus for credit reports. You have a 3 report merging one. Then you have different ones for real-estate, cars, loans, etc. As you can see they can literally change all the time depending on what ones they pull. These loan companies know this and know your scores ahead of time. So they can say one score to get you interested and it changes later. Remember the higher interest, the more money they make.

Don’t I have the right to be shown in writing the change

 

[pesty4077]

Don’t I have the right to be shown in writing the change

I am not sure of all the legalities. You would need to speak to someone in real estate about that.

Also keep in mind, everytime they do an inquiry on your report, it goes down a couple of points. They might have shopped around.

What I would do if I was you, is asked to see both reports, before and after, to see if anything changed on report. Check also what reports they are. Trans Union, Experian, and Equifax all have different scores usually.

 

[Jefe]

And you can get a free credit report from all 3 bureaus once per year. I don’t remember the website for it but it’s easy to find

 

[Hyperemia]

When we purchased our home, they used a different scoring model than the FICO score my credit report shows, but it wasn’t a 100 points difference. The lack of communication is definitely odd.

 

[Jefe]

When we purchased our home, they used a different scoring model than the FICO score my credit report shows, but it wasn’t a 100 points difference. The lack of communication is definitely odd.

My FICO score is about 70 points higher than the other 2.

Why would they give us a better rate when they can us a different one and squeeze us for more money?

Fuckin’ dirty Corpos.

( not you BigA)