Credit Card Center Advertiser Disclosure

Reply
Contributor
Posts: 93
Registered: ‎06-02-2008
0 Kudos

USDA credit reporting

Now that I have my mortgage, I was wondering if USDA direct loans report to the credit bureaus just like  a standard mortgage does? I hope so, I could use the positive credit reporting to raise my scores over time.

Contributor
Posts: 93
Registered: ‎06-02-2008
0 Kudos

Re: USDA credit reporting

does anybody know?

Regular Contributor
Posts: 248
Registered: ‎09-04-2008
0 Kudos

Re: USDA credit reporting

The bank through which you got your USDA loan (or, if your loan is sold, the bank to which it is sold) should report on your loan regularly to the CAs. My USDA mortgage is through Wells Fargo, and they report regularly.

Contributor
Posts: 93
Registered: ‎06-02-2008
0 Kudos

Re: USDA credit reporting

I have a direct loan through USDA...there is no bank. Payments are made directly to them. So I was wondering if they report same as a regular bank would? Thanks!

Regular Contributor
Posts: 248
Registered: ‎09-04-2008
0 Kudos

Re: USDA credit reporting

Sorry, my bad.

Highlighted
Contributor
Posts: 93
Registered: ‎06-02-2008
0 Kudos

Re: USDA credit reporting

No worries, I appreciate the effort!

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.