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 Credit Bureau Information 

EHO

At Your Fingertips

Typically, when lenders are making credit decisions they will look at a variety of information which will generally include one or more credit bureau scores. The most frequently used scores are credit bureau risk scores developed by Fair, Isaac and Company. These are commonly known as FICO® scores, although they have different names at each of the three national credit reporting agencies.

A credit score is a number that tells a lender just how likely an individual is to repay a loan, or to make credit payments in a timely manner. Whenever a lender requests a credit report from a credit reporting agency, the individual's score is calculated by using a mathematical equation that evaluates all of the various types of information contained in the individual's credit report. Scoring has been proven to be quite accurate in identifying the individual's level of credit risk to the lender.

Many individuals have found that their credit bureau reports have contained errors which have actually caused their loan application to be turned down. If this should ever occur, the credit bureau in question will furnish you with a free copy of your credit bureau report providing you furnish them with a letter of denial within a period of sixty days from the date that your loan was declined. There are three different credit bureaus and you will need to know how to contact each if you need to have information on your credit bureau reports corrected. Click Here for detailed contact information.

There are several companies that do business on the internet that provide a service that will help you secure all three of your credit bureau reports and then will help you correct any incorrect information that you may find on your reports. Usually incorrect information concerning a past or present account can be corrected within a short period of time. The credit bureau is responsible to correct your report within thirty days after receiving proof. If they do not correct this information, during this period of time, they are required by law to remove this information from your report. If you should find incorrect information on one of your credit bureau reports, it is quite possible that this same information will be found on the reports from the other two credit bureaus.

The following information is being provided to help you understand exactly what a credit bureau report is comprised of. If you are unfamiliar with these reports, we would like to suggest that you review all of the information below since it may affect your credit during your entire lifetime.


Your Payment History
Amounts Currently Owed
Length of Credit History
Newly Established Credit
Types of Credit Being Used
Understanding Your Score
Graph of Score Content
Credit Bureau Contact Info

Click Here to Check Your Credit Reports

Please Note: Our friendly staff of professionals are available to help you with all of your home loan and mortgage needs, Monday-Friday (8-5). If you are out of town, please call 888-475-3273 toll-free. If you did not find what you were looking for on our website, please click here to let us know.


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Louisiana Home Loans and Mortgage Services
Home Purchases  |   Refinancing Loans  |   Debt Consolidation  |   Home Equity Loans  |   2nd Mortgages  |   Home Improvements
Apply Now  |   Mortgage Calculator  |   The Learning Center  |   Your Valued Opinion  |   Contact Us
Site Map  |   Realtor's List  |   Commercial Loans  |   Builder's List  |   Q's & A's
Homes for Sale by Owner  |   Free Home Locator Service


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