credit information: Home Mortgage Customers Beware! You're Credit Information May Be Sold! - 11/30/06 07:51 PM
When a prospective borrower fills out a 1003, their credit gets pulled. When this happens it creates a mortgage credit inquiry event to be flagged on the borrower's credit record.  Now what happens from there has some troubling aspects. First of all, the lender who is initially seeking your business is paying for the credit report that triggers the trigger putting his very own mortgage customer on the open market to be sold as a credit trigger lead for profit to his competitors. Second, it is yet another in the endless examples of how an individuals privacy is ignored every day.
The credit bureaus … (1 comments)

 

Cynthia Sloop

Indianapolis, IN

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Community Association Manager

Address: 8425 Keystone Crossing, Suite 108, Indianapolis, IN, 46240

Office: 317(251) 939-3205

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