topic Re: How often is this type of CR used? in General Credit Topics

How often is this type of CR used?

veracious — Wed, 02 Jun 2010 02:12:27 GMT

Anyone have knowledge of this product called (Multi-Bureau Access) offered by Equifax?

This is a credit pull that includes all three reports in one pull.

Is this used for Mortgages or credit apps. and does it count as one pull?

If you have knowledge, please share.

Thanks, veracious

Re: How often is this type of CR used?

Anonymous — Wed, 02 Jun 2010 14:33:22 GMT

I have never heard of them. But I would imagine it is along the same lines as a Tri-Merge report some lenders use.

Re: How often is this type of CR used?

veracious — Thu, 03 Jun 2010 14:38:50 GMT

Thanks for the reply guiness56

Would you or anyone know about this type of report?

If this type of report is used,when app'ing for a CC,

your CC issuer gets to see all 3 CRA reports when we think theyare only pulling Equifax????

Perfectly legal of course, but it seems rather sneaky.

Re: How often is this type of CR used?

Anonymous — Thu, 03 Jun 2010 16:37:07 GMT

I doubt it is used by a CCC. They sometimes only use one CRA, not all three.

I think this would be for a auto loan or a mortgage.

I don't think there is anything sneaky about it. It gives the lenders the ability to see all three reports using one pull, not three.

Re: How often is this type of CR used?

veracious — Thu, 03 Jun 2010 22:17:33 GMT

Thanks again, guiness56.

Just one more obvious question,well, maybe a couple.

If a person has two of their reports frozen would a tri-merge or Multi-Bureau Access report

defeat their purpose?

And question #2. Do CCC's have the time to fish around to find the report you want them to see?

Since you have to be given a reason for denial do CC's ever deny you for having your credit files locked?

Thanks for any replies.

Re: How often is this type of CR used?

Anonymous — Thu, 03 Jun 2010 22:42:31 GMT

@veracious wrote:
Thanks again, guiness56.
Just one more obvious question,well, maybe a couple.
If a person has two of their reports frozen would a tri-merge or Multi-Bureau Access report
defeat their purpose?
And question #2. Do CCC's have the time to fish around to find the report you want them to see?
Since you have to be given a reason for denial do CC's ever deny you for having your credit files locked?

Thanks for any replies.

Tri Merge would probably not work if you have frozen reports. This would be if you applied for new credit.

Most CCC have a specific CRA they use all the time. So what ever is on that report is what goes.

Yes, I have been denied credit due to my report being frozen. They have to verify your identity and they could not reach me.

Re: How often is this type of CR used?

veracious — Fri, 04 Jun 2010 01:19:47 GMT

Guiness, if I read your post correctly; you were saying, if a CCC asks you to unlock the report

you didn't want them to use, you can simply not comply (by not being available) ..........

and the end result would be the benefit of no inquiry being reported.

Is there anyway such a strategy could backfire?

Re: How often is this type of CR used?

Anonymous — Sat, 05 Jun 2010 00:02:58 GMT

@veracious wrote:
Guiness, if I read your post correctly; you were saying, if a CCC asks you to unlock the report
you didn't want them to use, you can simply not comply (by not being available) ..........
and the end result would be the benefit of no inquiry being reported.

Is there anyway such a strategy could backfire?

No, that is not what I intended to imply. I was stating that I had all my reports frozen and when I applied for a CC they were unable to get the report because they could not get in touch with me for verification.

Re: How often is this type of CR used?

veracious — Sat, 05 Jun 2010 00:40:00 GMT

Ok, thanks guiness56.

Please understand that I wrote that particular post in the way that i perceive another person's statement.

No harm was intended. You have helped me quite a bit with my credit education. I always appreciate your

straight-forward and to the point answers.

Re: How often is this type of CR used?

Anonymous — Sat, 05 Jun 2010 00:42:56 GMT

No problem. I just did not want to be misunderstood

Re: How often is this type of CR used?

veracious — Sat, 05 Jun 2010 00:54:52 GMT

Great!! Joe-the new-guy: goofs!!!