topic Re: Self reporting credit history? in General Credit Topics

Self reporting credit history?

Anonymous — Fri, 14 Apr 2017 05:08:01 GMT

What does that mean. I was denied for a personal loan and that was what letter said.

Re: Self reporting credit history?

RobertEG — Fri, 14 Apr 2017 05:16:53 GMT

If a creditor uses a credit report as part of their review process, the FCRA requires they inform you of that fact in any denial letter.

They must identify in their denial letter the name of the CRA from which they received the credit report.

You can then send the denial letter to the CRA within 60 days and receive a free copy of your credit report from that CRA.

If they refer to self-reported info rather than use of a credit report obtained from a CRA, they are indirectly informing you that they did not use a credit report, and thus are not providing the name of any CRA. You thus have no right to a freebie credit report.

Re: Self reporting credit history?

Anonymous — Fri, 14 Apr 2017 05:59:33 GMT

According to them in their faq area they sp trans

Re: Self reporting credit history?

Anonymous — Fri, 14 Apr 2017 06:03:42 GMT

I just re read letter and no mention of a sp on any cr weird since they are the ones that sent me a preapproval in the mail