Credit Card Center Advertiser Disclosure

Posts: 108
Registered: ‎09-29-2012
0 Kudos

Why does broker want bank statements,tax returns,and check stubs?

I just spoke to a mortgage broker,who is also the owner of the realestate company.He says that that he has a program that can help fix credit issues.I have one issue where the creditor is reporting 30 day lates and I can prove with bank statements that the payments were not at all 30 days late.Disputed with EX and sent goodwill letters with no sucess.This account has since been pd in full and closed to the tune of $7,000.00, and was never in collections or anything like that.Broker says that he has Lenders that are very lenient.I have to meet with him and give  him documentation concerning the disputes.Why does he want me to bring 2 months bank statements,last 2 years tax returns,2 most recent check stubs?

Starting Score: 553(EQ) 572 (TU) 586(EX) (EQ Complete Advantage)
Current Score: 572
Goal Score: 640

Take the myFICO Fitness Challenge
Posts: 98
Registered: ‎12-20-2012
0 Kudos

Re: Why does broker want bank statements,tax returns,and check stubs?

That's the basic info needed for a pre-approval.
Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
0 Kudos

Re: Why does broker want bank statements,tax returns,and check stubs?

Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Valued Contributor
Posts: 3,302
Registered: ‎06-09-2010
0 Kudos

Re: Why does broker want bank statements,tax returns,and check stubs?

He really cant do anything you havent tried yourself as far as your credit is concerned. He may be able to offer another suggestion on how to fix your credit, but would pull your credit to know what your situation is. While some will have a little knowledge on helping you with credit, I would take this with a grain of salt.


If you give him your information he will accept it as an application, and start the procedure to see if you would qualify. If you qualify with a Lender he uses then no reason to worry about your credit being fixed. If you dont qualify, then no real harm done except the hard pull on your credit report, and possibly the fee they may charge for your credit report pull.



Good Luck
May all your dreams and wishes become a reality!

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 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.