How Many Credit Reports and Scores Will My Lender Pull?

After applying to refinance his mortgage, a Credit Sesame reader writes in for advice to find out why the mortgage lender pulled a ti-merge report instead of his credit report.  John Ulzheimer, credit expert for Credit Sesame, answers.

“John, I applied to refinance my home loan last month and the mortgage company didn’t pull my credit report. They told me they pulled something called an RMCR Tri-merge report. What in the world is that and why didn’t they pull one of my credit reports?”

Read More: http://credit-debt-consolidation-loans.com/blog/2015/08/18/how-many-credit-reports-and-scores-will-my-lender-pull/ 

How to Get Medical Debt off Your Credit Report

Consumers who become sick or injured and can’t pay their medical bills may find themselves facing multiple layers of insult and injury. Bad becomes worse when collection agencies hound by phone and mail and delinquent accounts stage an evil takeover of the consumer’s credit report. In fact, most reported collection accounts – 52% – are medical. Fortunately, changes by the big three credit bureaus (Experian, Equifax and TransUnion) that went into effect this past spring make it easier for consumers to get medical debt and other types of inaccurate data off their credit reports.

Read More: http://credit-debt-consolidation-loans.com/blog/2015/09/14/how-to-get-medical-debt-off-your-credit-report/

How late payments affect your credit report

Whenever you make a late payment on one of your current liens or debts, such as a credit card, it will have negative effects on your credit report card. Banks and lenders are very strict on the payment history of an applicant who is requesting a new loan. If the credit report even shows one month on a debt account that had a late payment, it will immediately be a red flag to them. A history of late payments shows lenders that you are a credit risk, which means they will be nervous about issuing you another loan or credit card. But if you have a history of on-time payments, they will likely grant you a new loan.

Read More: http://credit-debt-consolidation-loans.com/blog/2015/09/10/how-late-payments-affect-your-credit-report/