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The Sky’s The Limit Credit Repair

Bridge The Gap With Financial Knowledge!

Follow-up...
Dear Clients,

We will be out of the office from 16 August

2019 until 26 August 2019.
We Fwill have very limited or no access to my
email. If you need immediate assistance, please
leave a message at 1-877-983-REPAIR.

Respectful Regards,
Patrick & Carol - CEO

What’s The Difference

Between A FICO Score And A
Credit Score?
What is the difference between the Equifax
Credit Score™ and the FICO® Score? Both the
Equifax Credit Score and the FICO Score are
general-purpose score models used to predict
credit risk. ... The FICO Score uses a numerical
range of 300 to 850, where higher scores also
indicate lower credit risk

Types of Credit Reports -

“File" vs. "Report - Part 1

According to the Fair Credit Reporting Act, “The

term 'file,' when used in connection with
information on any consumer, means all of the
information on that consumer recorded and
retained by a consumer reporting agency
regardless of how the information is stored." The
word “report” relates to what a lender or other third party user of your
information receives. Items that are suppressed from other users are:
inquiries for pre-approved offers of credit or insurance, ongoing account
reviews, and any medical account information. There are a variety of
reports:
• Tri-merge/Merged Infile Report – a credit report that combines all three
bureau reports into one report, with tradelines arranged so that the same
accounts (as reported by the three bureaus) can be viewed next to one
another and differences noted. The source of credit information accessed
from each bureau is shown.
• Residential Mortgage Credit Report (RMCR) – a merged credit report used
for mortgage lending, processed to the specifications of Fannie Mae and
Freddie Mac.
• Credit Research Report – an in-depth report that comes under various
trade names. It utilizes a flagging system to identify indicators of mortgage
fraud.
• Full Factual Report – refers to an RMCR and includes direct verification of
employment and other details, such as income and residence information.
May go back further than seven years.

What Information Is
Contained In My Credit
Report?
1. Identifying Information:

Your name, current and previous addresses,

telephone number, Social Security Number, date
of birth, as well as current and previous
employers.
2. Credit Information:

Specific information about each account, such as the date the account was
opened, the credit limit or loan amount, the balance due, monthly payment,
and payment history during the past several years. For open accounts,
positive credit information remains on the report indefinitely. Information on
closed accounts and negative payment notations remain up to seven years.
The report also states whether a spouse or co-signer is responsible for
paying the account.

3. Public Record Information:

Bankruptcy records, tax liens, monetary judgments, debts referred

to collection agencies and, in some states, overdue child support is noted on
the credit report. Bankruptcy information can remain on a consumer’s credit
report for up to 10 years. Unpaid tax liens can be reported indefinitely, and
paid tax liens remain for seven years from the date paid. Other public
record information can remain for up seven years.
4. Inquiries:

The credit report also lists the names of those who obtained information
from the credit report for the past two years. “Hard” inquiries are those that
result from an attempt to solicit credit or a loan. Other types of inquiries,
such as those that result when a consumer requests a copy of his or her
own report directly from the credit reporting agencies, are “soft” inquiries
that are not viewed by prospective creditors but are recorded and remain
on the report from one to two years. Consumers should be aware that when
they request copies of their credit reports from third party vendors, rather
than directly from the credit reporting agency, the inquiry often looks like a
request for credit.

Other information that your credit report may contain:

The credit bureau’s business is credit reporting. What they do is collect
information about consumers from banks, savings and loan institutions,
credit unions, finance companies and other businesses. This information is
stored in a database and when you apply for a new loan, the creditor orders
information on you from the bureaus. The credit bureaus don’t keep track or
record the outcome of that credit inquiry of your credit report

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This Weeks Tips!

• Check your credit report once a year
• Never respond to unsolicited junk mail or email for a “free credit
report” or “free score” • Never respond to unsolicited phone calls
or email
• Opt out of pre-screened credit offers (call 888-5OPTOUT or visit
www.optoutprescreen.com)

The Sky’s The Limit Credit Repair

www.TheSkysTheLimitCrefitRepair.com,
1-877-983-REPAIR
CustomerService@TheSkysTheLimitCreditRepair.com
United States

You received this email because you  are a

valued client of The Sky’s The Limit Credit
Repair Family! Everyday, we thank you for
your business.
1-877-983-REPIR