Credit Score Disclosure

Pulling a credit score is one of the first things a mortgage planner does before submitting your application to a lender.Once the score is obtained, clients often wants to know what their score is.  What many don’t realize is that mortgage planners generally can’t tell them.Equifax, the main credit bureau in Canada, has very strict rules that restrict brokers from disclosing credit scores to borrowers.  Brokers who violate this policy are subject to termination of their license from Equifax—not [more...]

Date: 2009-09-29 07:06:00

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