Credit reports list your bill payment history, loans, current debt, and other financial information. Credit reports also provide information, such as where you work and live or if you have ever filed for bankruptcy.
Your credit report is an essential part of your financial life. Learn how to get a free credit report and why it is a good idea.
Credit Bureaus
Credit reports inform lenders about your bill payment history, loans, current debt, and other financial information. In addition, credit reports help lenders decide if they will approve you for credit or a loan, as well as the interest rate they will charge you.
There are three different bureaus:
An amendment to the federal Fair Credit Reporting Act (FCRA) mandates that each agency provide you with a free copy of your credit report at your request, once every year. It is a good idea to take advantage of this and make sure that the information being reported is accurate and that you understand what is affecting your credit score.
When you apply for a loan, your lender or mortgage broker will “pull” your credit report to submit with your application. Typically the lender will obtain a “tri-merge” credit report which pulls your score from each of the three bureaus. Each bureau reports a little differently, and therefore scores may vary. In some cases, you will find significant differences among the three scores, mainly if one is registering inaccurate information that the others are not picking up.
Conclusion
Marimark Mortgage can assist you in clearing the wrong items off of your credit report. Once you provide us with the documentation that indicates that an item is improperly reported, we can submit it to our credit reporting agency, which works directly with the three bureaus to correct the information. This can often be completed in just a few business days and can make a tremendous difference in the loan and rate qualification process.
Marimark Mortgage
Marimark Mortgage is based in Tampa, Florida, and serves the mortgage needs of homebuyers, homeowners, and investors in Florida, Virginia, and Pennsylvania.
We specialize in mortgages for first-time homebuyers, conventional home mortgages, refinance loans, reverse mortgages, and FHA, VA, and USDA mortgage options. In addition, we’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.
To get started with a mortgage to buy your next home, please fill out our Quick Mortgage Application or contact us.

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