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edcb
Posts: 79
Registered: ‎03-02-2014
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Is there a place where I can buy my TU/EX/EQ scores without a hard pull?

I'm holding out to get preapproved until I know I have a middle score of 680....for a Homepath Renovation loan.  I know I'm REALLY close.  But I'd like to know if now is the time to jump (have my eye on a house that I'm hoping isn't going to sell in the meantime) or if I need to wait without using a HP.  (I never had a credit card until 8 months ago and I've got a few pulls...for a couple of Cap1 cards and then my Chase Freedom...although I have some good TL's going I have enough HP's that I'm afraid of using another.)  I'd rather pay for the scores than take a HP at this point....

 

Help!

In the garden until October 2014!
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Valued Contributor
user5387
Posts: 1,794
Registered: ‎07-01-2010
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Re: Is there a place where I can buy my TU/EX/EQ scores without a hard pull?

Accessing your reports and scores yourself does not result in a hard pull.

 

This site sells 08 scores.

 

The scores used in the mortgage business are the 04 ones, and are available various places like DCU and PSECU and the EQ Score Power product.

 

Regular Contributor
MaRain
Posts: 185
Registered: ‎04-05-2013
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Re: Is there a place where I can buy my TU/EX/EQ scores without a hard pull?


edcb wrote:

I'm holding out to get preapproved until I know I have a middle score of 680....for a Homepath Renovation loan.  I know I'm REALLY close.  But I'd like to know if now is the time to jump (have my eye on a house that I'm hoping isn't going to sell in the meantime) or if I need to wait without using a HP.  (I never had a credit card until 8 months ago and I've got a few pulls...for a couple of Cap1 cards and then my Chase Freedom...although I have some good TL's going I have enough HP's that I'm afraid of using another.)  I'd rather pay for the scores than take a HP at this point....

 

Help!


This question was asked before and it was recommended to google 'mortgage preflight'

Out of the garden.



Starting Score: EQ 457, EX 424, TU 511 (FAKOS as of 4/27/12)
Current FICO Scores: EQ 714, EX 658, TU 691 (pulled by mortgage lender on 10/7/14)
Goal Score: EQ 700, EX 700, TU 720 (for now)


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ShanetheMortgageMan
Posts: 8,253
Registered: ‎09-28-2007
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Re: Is there a place where I can buy my TU/EX/EQ scores without a hard pull?

"Mortgage Preflight" is a hard inquiry with a mortgage lender, it's just like having your credit checked with any mortgage lender.  Basically it's a credit vendor (a company that mortgage lenders use to check credit) called CreditTechnologies, that came up with a creative way for consumers to get their credit checked through one of the lenders or mortgage brokers who use them so CreditTechnologies can make $ when your credit is checked.  Free of charge for the lender/broker since you actually pay for it (when in most cases lenders/brokers will check your credit for free).

Regular Contributor
MaRain
Posts: 185
Registered: ‎04-05-2013
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Re: Is there a place where I can buy my TU/EX/EQ scores without a hard pull?


ShanetheMortgageMan wrote:

"Mortgage Preflight" is a hard inquiry with a mortgage lender, it's just like having your credit checked with any mortgage lender.  Basically it's a credit vendor (a company that mortgage lenders use to check credit) called CreditTechnologies, that came up with a creative way for consumers to get their credit checked through one of the lenders or mortgage brokers who use them so CreditTechnologies can make $ when your credit is checked.  Free of charge for the lender/broker since you actually pay for it (when in most cases lenders/brokers will check your credit for free).


Thanks for clarifying. I considered going that route but did not find a clear answer to if it was a hard pull for me. 

Out of the garden.



Starting Score: EQ 457, EX 424, TU 511 (FAKOS as of 4/27/12)
Current FICO Scores: EQ 714, EX 658, TU 691 (pulled by mortgage lender on 10/7/14)
Goal Score: EQ 700, EX 700, TU 720 (for now)


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Valued Contributor
ezdriver
Posts: 1,890
Registered: ‎08-24-2013
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Re: Is there a place where I can buy my TU/EX/EQ scores without a hard pull?


MaRain wrote:

ShanetheMortgageMan wrote:

"Mortgage Preflight" is a hard inquiry with a mortgage lender, it's just like having your credit checked with any mortgage lender.  Basically it's a credit vendor (a company that mortgage lenders use to check credit) called CreditTechnologies, that came up with a creative way for consumers to get their credit checked through one of the lenders or mortgage brokers who use them so CreditTechnologies can make $ when your credit is checked.  Free of charge for the lender/broker since you actually pay for it (when in most cases lenders/brokers will check your credit for free).


Thanks for clarifying. I considered going that route but did not find a clear answer to if it was a hard pull for me. 


Shane explained it well.

 

Don't be fooled by anyone or any company that claims the ability to provide you with the same credit scores lender pull sans a hard pull of your credit. There is no free lunch. If you want a real assessment of your readiness for a mortgage approval, get a mortgage lender to preapprove you.

 

I personally consider "mortgage preflight" to be a slick way of making money off unsuspecting consumers otherwiase they'd post "WE WILL PULL YOUR CREDIT" right at the beginning of their pitch.

 



Starting Score: 618
Scores on 10/9/13: EFX 652, XPN 669, TUC 662
Scores on 3/17/14: EFX 649, XPN 677, TUC 681
Goal Score: 720 ALL


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