Who Is Credit Plus on My Credit Report?

8 mins read

Last Updated on September 16, 2022

You’ve probably heard of Credit Plus, but what is it? Is it a scam? Or is it a legitimate credit information provider? It’s a third-party mortgage verifications provider, and many mortgage lenders use it to verify a borrower’s credit history. Read on for more information about Credit Plus and its relationship with your credit report. This article will answer the two most common questions posed by consumers about this credit provider.

Credit Plus is a third-party mortgage verifications provider

The credit report and mortgage verification services provided by Credit Plus, Inc. are comprehensive and reliable. The company’s verification services include reps and warranties, repurchasing requests, and mortgage fraud prevention tools. Their mortgage industry expertise and new solutions help lenders move through the loan process with increased confidence. These services are designed to help lenders manage risks and close more loans. Read on to learn more about the new services offered by Credit Plus.

The company has helped mortgage professionals manage their risk and stay compliant for years. Whether you’re an individual lender or an institution, Credit Plus provides credit reporting and mortgage fraud detection services. The company’s preferred verifications packages cover all credit fees and surcharges, including OFAC and legislative surcharges. Credit Plus has a variety of packages, and all CMC members can choose the one that works best for them.

With over 30 years of experience in the industry, Credit Plus has a wealth of knowledge and expertise to help lenders. With its proprietary technology platform, it serves as the first touch point for clients in the loan application process. As a company, it continues to invest in growth by acquiring CIS Credit, Avantus, DataFacts, SharperLending, and Lovell Minnick Partners in recent years.

AccountChek is a leading automated asset and deposit verifications provider. Recently, Freddie Mac and Fannie Mae approved third-party VODAs. The automated system combines account documentation with comprehensive reporting. The result is a simple verification process for lenders. This process can save valuable time and reduce the risk of fraud. There are many benefits of AccountChek and Credit Plus.

Who Is Credit Plus On My Credit Report

It is a credit reporting agency

Is Credit Plus on my credit report? This type of credit check appears on your credit report as a “hard inquiry,” which will lower your credit score until you remove it. However, if you don’t have the time to remove it on your own, a professional credit repair service can help you. There are a couple of ways to get rid of Credit Plus from your report. In this article, we’ll look at the most effective methods.

Regardless of the reason for a Credit Plus entry on your report, there are ways to dispute it. The first step in attempting to remove the item is to contact the credit reporting agency. They will investigate the issue and provide you with the necessary documents. If you have doubts, you should contact the Federal Trade Commission (FTC).

You can also try disputing the inquiry with the credit bureaus. You should try to dispute any inaccuracies that appear on your report. Otherwise, you can report fraudulent activity to the FTC. After you’ve disputed the inquiry, the bureaus must investigate it. However, this can be a lengthy process, so be sure to follow up immediately. If you have not done so, your inquiry will remain on your report for two years.

It sells credit information to mortgage lenders

You may have noticed a new entry on your credit report: it’s a credit inquiry from Credit Plus, Inc. This inquiry is the result of a hard inquiry prompted by your mortgage application. Mortgage lenders use this information to determine whether you are creditworthy enough to receive a mortgage loan. Fortunately, you don’t need to worry, because Credit Plus is a legitimate organization that sells credit information to mortgage lenders.

The new RESPA regulations require lenders and mortgage brokers to disclose important loan terms and conditions on their Good Faith Estimate form, so borrowers will be able to compare what they were quoted with the actual costs of their loan. To meet the new rules, lenders must provide borrowers with a Good Faith Estimate that clearly outlines the terms of their loan, the interest rate, and any pre-payment penalties or balloon payments. They must also disclose itemized closing costs, such as taxes and insurance. In addition, closing agents must provide the new HUD-1 Settlement Statement, which compares the loan’s final costs to the costs quoted by the lender.

It is not a scam

A CreditPlus inquiry is a legitimate company that provides your credit information to potential lenders. A negative inquiry on your credit report can signal a scam, though it is not a scam in and of itself. Identity theft is a common reason why negative credit information appears on your report, and you must remove them as soon as possible. There are several ways to remove negative information from your report. Here are some of the most common methods.

One of the most effective ways to remove negative entries from your credit report is to contact a professional credit repair company. These companies can help you dispute fraudulent entries and remove unauthorized hard inquiries. You can use a free credit monitoring service to notify you when a new entry appears on your credit report. Another option is to hire a credit repair company to remove any negative entries. Credit repair companies will work to remove fraudulent items and restore your credit score to an acceptable level.

If you are concerned that a Credit Plus inquiry is causing negative impacts on your credit, contact the credit bureaus. You can dispute the inquiry online, over the phone, or via mail. If the inquiry was made in error, the credit bureaus will investigate it and remove it. Alternatively, you can contact a credit repair company. These companies specialize in removing negative items from credit reports and will investigate the situation on your behalf.

About The Author

Pat Rowse is a thinker. He loves delving into Twitter to find the latest scholarly debates and then analyzing them from every possible perspective. He's an introvert who really enjoys spending time alone reading about history and influential people. Pat also has a deep love of the internet and all things digital; she considers himself an amateur internet maven. When he's not buried in a book or online, he can be found hardcore analyzing anything and everything that comes his way.