General Credit Topics

[HiLine]

When they pull your credit report? Do they have the same version we can obtain through the CRA's consumer divisions?

[llecs]

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HiLine wrote:

When they pull your credit report? Do they have the same version we can obtain through the CRA's consumer divisions?

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The report formatting is different, but the report content is virtually the same....7-yr history, balances, CLs, account stati, comments, etc.

[HiLine]

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llecs wrote:

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HiLine wrote:

When they pull your credit report? Do they have the same version we can obtain through the CRA's consumer divisions?

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The report formatting is different, but the report content is virtually the same....7-yr history, balances, CLs, account stati, comments, etc.

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Any extras that you can think of? Say credit usage and payment each month? Credit limit history?

[llecs]

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HiLine wrote:

Any extras that you can think of? Say credit usage and payment each month? Credit limit history?

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Every lender is different. Some have their internal formatting. Some outsource to third parties like mortgage lenders do via companies including CBCInnovis or CredCo. Using my CBCInnovis report as an example, the report format was different but included the important fields and most everything was the same, all the way down to the contact info of my creditors. As you know EX reports show the CL history with the payment history. IIRC, EQ and TU don't show that. This info wasn't shown within the lender's report. Can't remember last payment was shown.

[RobertEG]

An example, while not common, is the ability in limited circumstances to obtain a full credit report that contains all adverse information that is normally excluded based on expiration of the applicable credit report exclusion period set forth in FCRA 605(a).

Those periods are not absolute exclusions.  In the event of CR inquiries involving applications for credit or insurance in the amount of $150K or more, or for employment that involves an annual salary of $75K or more, they are entitled to receive a CR that includes all normally excluded adverse items. 

[HiLine]

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RobertEG wrote:

An example, while not common, is the ability in limited circumstances to obtain a full credit report that contains all adverse information that is normally excluded based on expiration of the applicable credit report exclusion period set forth in FCRA 605(a).

Those periods are not absolute exclusions.  In the event of CR inquiries involving applications for credit or insurance in the amount of $150K or more, or for employment that involves an annual salary of $75K or more, they are entitled to receive a CR that includes all normally excluded adverse items. 

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Likewise, would a credit grantor be able to obtain information about expired positive items such as closed accounts that were in good standing?

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llecs wrote:

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HiLine wrote:

Any extras that you can think of? Say credit usage and payment each month? Credit limit history?

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Every lender is different. Some have their internal formatting. Some outsource to third parties like mortgage lenders do via companies including CBCInnovis or CredCo. Using my CBCInnovis report as an example, the report format was different but included the important fields and most everything was the same, all the way down to the contact info of my creditors. As you know EX reports show the CL history with the payment history. IIRC, EQ and TU don't show that. This info wasn't shown within the lender's report. Can't remember last payment was shown.

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Thank you for reassuring that lenders don't have any more information than we do about our credit history. It's important to know how your credit activities will appear (or not) to a lender IMO.