THIS SECURITY ALERT WILL BE MAINTAINED FOR 90 DAYS BEGINNING 03-01-2018. If youve applied for a mortgage or another type of loan, your application could be responsible for Factual Datas hard inquiry. If you would like to access, delete, or otherwise exercise your rights under the California Consumer Privacy Act with regard to this personal information, please submit your request to us online through this form or by contacting us at privacy@factualdata.com. Theres no reason to let faulty reporting hold you back from being able to take out a loan or get a credit card in the future. There are two types of inquiries: "hard" and "soft." When lenders check credit as part of an application for a home loan, a process known as a credit pull, it may show up on a credit report as a hard credit inquiry. Call (833) 563-0402 Trustpilot Factual Data provides credit check services for lenders. Here's an explanation for how we make money Pre-Qualification reports can be customized to include data from one or more bureaus. Step 2 All Rights Reserved. Rev. Factual Data Corp. (FDC) is a credit reporting agency employed by lenders to obtain potential borrowers credit reports from Experian, Equifax and TransUnion. Even if you are current on your payments for a credit account, it still may be included in this section of your credit report if you had ever missed or were late on a payment. Adverse accounts, or potentially negative items, are credit accounts you have opened and have been reported as either unpaid or paid after a due date during one or more months throughout the history of the credit line. Then, they'll combine these three reports into one comprehensive document. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Having good credit can make it easier for banks and lenders to say yes to your credit applications, and youre more likely to be offered lower interest rates or better loan conditions, like a low fixed-rate mortgage or a higher credit limit on a card. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Offering a variety of credit data solutionsfrom credit reports to workflow solutions designed to build automation and efficiency into your lending process. A creditor or lender adds this type of inquiry to your report, and it could stay on it for two years. The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. Here is a breakdown of the terminology and common codes used in credit reports. Protect your lead investments by keeping consumers data out of the hands of the competition and establishing a relationship of trust with your consumers. Manage resources by using Pre-Qualificationreports to take a first glance at your consumers. When you click on Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. The credit history of your credit report will include the following components: Even after youve closed an account or paid off a loan, the accounts will appear in your credit history for a period of time. It will match your lender's report unless you have had changes to your credit since your lender pulled the score. It tells lenders how much credit you've used and whether you're seeking new sources of credit. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. What Does a Credit Report Listing a Grid Code G Mean? Not only can Pre-Qualification reports help reduce the downstream expenses associated with more exhaustive credit evaluations they have no impact on the consumers credit score and do not produce trigger leads that alert the competition. Save your credit reports so you have an accurate view of your total credit history. All Fannie Mae credit https://money.com/how-to-remove-factual-data-from-your-credit-report/. The credit report includes borrower information, public records; inquiries, credit account information, and credit scores. You can order one free copy of your credit report each year from the three main reporting bureaus: Equifax, Experian and TransUnion. If the consumer meets your criteria, you can feel confident moving forward with a traditional hard inquiry credit report. Factual Data by CBC offers a diverse portfolio of lending support solutions to the financial services industry. Understanding The Credit Report #1 FILE #: Credit Reporti vg Age vy's credit report #. That means your credit report could feature an entry . Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. You can also request your reports by calling 877-322-8228 or by downloading a request form and mailing it to: Annual Credit Report Request Service Some of the most common are: FairIsaac 2.0 (used by Experian), Beacon 5.0 (used by Equifax), FICO RiskScoreClassic 04 (used by TransUnion). *Factual Data Pre-Qualification reports cannot be used to pre-approve a consumer. Attn: Consumer AssistancePO Box 530090Atlanta, GA 30353(877) 237-8317, www.annualcreditreport.comP (877) 322-8228, P.O. Negative credit information including late payments, delinquent loans and charged off loans and accounts can remain on your credit report for seven years. Running in the background, scanning all your files, and utilizing proven CreditXpert optimization and simulation technology, Credit Assure automatically presents findings on every file. Founded in 1985, this agency is not accredited by the Better Business Bureau (BBB). If you want to pursue this route, then check out Credit Saint. A misspelled name (even just an incorrect middle initial), an address you dont recognize, an errant digit in the Social Security Number or a phone number that isnt yours are all indicators that your report may have been confused with someone elses. FDC also runs soft credit inquiries for prospective employers and landlords to verify ones identity, background and credit score. Content published under this author byline is generated using automation technology. A good credit repair company can help you straighten out reporting errors, break down your credit report and come up with a game plan to tackle your biggest credit issues to improve your score quickly. All Rights Reserved. Credit report sample: How to read, understand a credit report. "In the . Collateral is property that the credit account holder uses to secure a line of credit. This will help you spot changes and errors from one year to the next. We maintain a firewall between our advertisers and our editorial team. This data includes your personal information, account history, and inquiries. Latest Status Date: May 10, 2018 Every part of your credit report needs to pertain to you: not your dependents, not your former spouse, and especially not a stranger with the same name. For further information about automated content on CreditCards.com, email Lance Davis, VP of Content, at lance.davis@bankrate.com. Please reach out to us with questions. No. Score Factors Credit Report Income Verification (Don't Forget This!) You can pull your 3B report at this site and see exactly what is on there and what your mortgage scores are. Checking your credit report is also a good way to spot identity theft. Real Estate Accounts: Any mortgages that you have. Factual Data Dispute Mailing Address: Factual Data Consumer Assistance PO Box 1667 Pittsburgh, PA 15230 Factual Data Dispute Fax Number: 1-6 is 30-180 days past due and 7, 8 or 9 means bankruptcy has been filed or that the house is currently in foreclosure proceedings. You can have the reports mailed to you or print them from your computer. Credit scores on your Factual Data credit report are calculated using FICO. Depending on the specific error, you may need to submit copies of documents to support your case, which could include bank and credit card statements, loans or death certificates. While we adhere to strict Pulling services use different abbreviations to identify the three credit bureaus. The codes for this area are: CURR ACCT = Account is current and in good standing CUR WAS 30-2 = Account is current, was 30 days late twice PAID = Account has been paid off to a zero balance and is inactive CHARGOFF = Unpaid balance has been included as loss by credit grantor and they are no longer seeking reimbursement COLLECT = Account is seriously past due and has been assigned to collections FORECLOS = Property was forclosed BKLIQREQ = Debt forgiven through Chapter 7, 11 or 13 DELINQ 60 = Account is 60 days past due INACTIVE = Account is inactive CLOSED = Account is closed, Review your Experian Payment History. Factual Data or FDC is a company that offers credit verification services to the mortgage industry. Your credit report showcases your financial status. The credit summary section of your credit report summarizes information about the different types of accounts you have. You can easily fill in your information online or dispute by mail or over the phone. Your credit cards journey is officially underway. Public records related to debt will be included in your report. Our experts have been helping you master your money for over four decades. It has not been provided or commissioned by the credit card issuers. Hard inquiries typically drop your score by a couple of points, but they can be more detrimental if you have several of them on your report. Call (877) 284-8322 to speak with a Pre-Qualification specialist today, or complete the form below. The offers that appear on this site are from companies from which CreditCards.com receives compensation. This is where the mysterious codes reside. [3] INQUIRY DATA:Shows information used to inquire on the file. Yes, I believe immersive media is about to revolutionize learning, but don't take my word for it. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Factual Data Corp. (FDC) is a credit reporting agency employed by lenders to obtain potential borrowers' credit reports from Experian, Equifax and TransUnion. Dispute by mail at Experian, P.O. Credit history requests include creditors who have requested your credit report. How much should you contribute to your 401(k)? The credit report terms high balance and high creditrepresent the highest balance or highest amount of credit ever used on your credit card. Make sure the public record pertains to you with the correct name, date of birth, address, and personal information included. Only TransUnion includes an estimate for the date that a public record will be removed from your credit report. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. Just to be safe, though, it's a good idea to call the lender or creditor you applied with to verify Factual Data Corp.'s involvement. CreditCards.com is an independent, advertising-supported comparison service. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. The agreement allows Factual Data customers to automatically access credit report data within their Salesforce environment. Box 740241Atlanta, GA 30374P (888) 289-0201, PO Box 105108Atlanta, GA 30348-5108P (888) 497-0011. With good credit, landlords are more likely to rent you an apartment. Or get your hands on all three reports at once by ordering them at AnnualCreditReport.com. Any public record included on a credit report must include your name, address, Social Security number or date of birth and must be verified with a courthouse visit at least every 90 days. No hard credit inquiry is needed, and it has no impact on the consumer's credit score. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. Note this number when you need to contact Equifax, Experian or TransUnion online, by phone or by mail. While it might lower your score by a few points now, the entry will be off your report in two years, and its effects on your score will diminish as time goes by. Researchers at ASU recently completed an initial round of studies to compare the Alien Zoo . (Example: multiple Social security numbers used, Deceased, etc). Read the link that was posted for you earlier for an explanation of FICO mortgage scores. Have you recently come across the name Factual Data on your credit report and wondered what it is? Editorial integrity is central to every article we publish. Keep an eye on your inboxwell be sending over your first message soon. 2. This usually happens when you apply for financing. editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. It verifies information by using your Social Security number and looks at credit information from FICO scoring models, which includes new credit and credit history. What are the different credit score ranges? If you find incorrect or outdated information on one of your credit reports, you can file a dispute with the credit bureau to get it updated. Credit Karma are the property of their respective trademark holders. Being able to read a credit report effectively and efficiently will be a huge factor in improving your overall decision making process. process and giving people confidence in which actions to take next. If your credit report has a public record included, you may need to submit a credit report explanation to lenders to explain why theres a negative item to your report. Public records stay on your report for seven years with one exception: Chapter 7 bankruptcy will stay on your report for 10 years. Parts of a Credit Report 1. Credit Overview 2. Credit Used 3. By . These could include bankruptcies, foreclosures and repossession. Employer history is sometimes included in the personal information section. Bankrate has answers. Pub/Other Trade Oldest-Newest Total High Credit Rating for R/O/I/M/C 4 01/2001 - 06/2004 3 2800 - 28K 1-One, 1-Two, 1-Other LEGEND [1] CONSUMER REFERRAL TELEPHONE NUMBER: Tells credit grantor where consumers may call if they are denied credit. Leveraging innovative technology and deep industry experience, Factual . Privacy Policy. Credit can make or break your chances at a mortgage and influences what kind of credit cards, insurances and interest rates you qualify for. However, an unknown inquiry could mean someone has tried to use your identity fraudulently or signal a reporting error. 16 Jun June 16, 2022. how to read a factual data credit report. Plan the Structure of the Report. This type of report does not initiate trigger leads, making it an ideal tool for protecting your initial lead investment. Experian: You can dispute information online or over the phone using the toll-free number included on your credit report. These editors thoroughly edit and fact-check the content, ensuring that the information is accurate, authoritative and helpful to our audience. A suspicious hard inquiry on your credit report can be a sign of fraud. so you can trust that were putting your interests first. Our goal is to give you the best advice to help you make smart personal finance decisions. Only some employers will report your employment information to one or all of the credit bureaus. As such, they may obtain one or all your credit reports in the screening process or a merged FDC credit report. Your interest rates may rise. How long does factual data stay on credit report? Optimize Your Lead Investment with Pre-Qualification Reports. It's a good idea to get a copy of your credit report from each reporting agency once per year. This sample report contains compiled data in order to showcase a wide variety of format features. Learn more about how we make money. All this information is used to generate your credit score, which is a numerical representation of your overall creditworthiness. A bad credit score can even affect your love life: one Bankrate survey found that 4 in 10 Americans might swipe left after knowing someones credit score. Factual Data is involved in six stages of the mortgage process; pre-qualification, application, processing, underwriting, pre-closing, and post-closing. As always, dont forget that you have several excellent credit repair companies at your disposal that can help take your credit score to the next level. Factual Data is a leading provider of merged credit reports, flood zone determinations, and data verification services to the mortgage lending industry. A report number is generated by the three credit reporting agencies as a reference for consumers to use if they should need to contact the issuing bureau. 2023 Bankrate, LLC. Responsibility: Individual accountDate opened: 11/2013Date closed: 11/2016Date paid: 11/2016. Our editors and reporters thoroughly fact-check editorial content to ensure the information youre reading is accurate.