Credit Score in Chicago>Question Details

Kenneth, Home Buyer in Chicago, IL

credit score

Asked by Kenneth, Chicago, IL Sat Dec 12, 2009

When the bank orders your credit report is it customary to get a copy of it at the time? If you do have to wait for it to be sent to you, what is the reason? What is the typical time period involved in waiting? What should you expect to be included in your credit report ordered by the bank?

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Sandra Matson’s answer
Kenneth,

As Robin stated the bank is not allowed to give your a copy of your credit report. However, under a Federal law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. You can request your free annual report at http://www.annualcreditreport.com. If you request your reports online you will be able to view them immediately. If you request them by mail or phone, they will be processed within 15 days of your request.

If I can be of further assistance, please let me know.

Sandra Matson
Certified Residential Specialist
Accredited Distressed Property Representative

Baird & Warner
sandra.matson@bairdwarner.com
Direct: 312.981.2315
0 votes Thank Flag Link Sat Dec 12, 2009
When anyone runs your credit, their arrangement with the credit score provider prohibits them from giving the actual report to you. However, there is a government regulation that requires the scores be disclosed to you during the mortgage process. You can get your own report, however if you pay for the scores, they will most likely be quite a bit different from the ones that are run for mortgage purposes. If you find out that your score is low, and you trust the person you are working with, ask them if there is anything that you can do to improve your score. Without knowing exactly why you are asking the question, it is difficult to interpret what kind of answer you are looking for here.
0 votes Thank Flag Link Sat Dec 12, 2009
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