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Credit Report Knowledge! I know you are a professional...but...

By
Mortgage and Lending with Dakid's Network of Associates

I just did some research, and i found out that most of the companies that are offering free credit reports for a small fee (yes I said free credit reports for a fee!)are already owned by one of the 3 credit reporting agencies.....I know that all of you are already ahead of me  and you already had knowledge of this, but why was i encouraging my customers for the last 3 months to get their credit reports from these companies and they only plan to collect a fee and not even let the consumer know what they can do in order to move themselves out of their particular situation!

I don't know either...but I encourage all of you professionals to stop sending your customers to the credit reporting agencies that are only charging a fee in order to make money and not encouraging your customers to get a credit report from somebody that will actually help them! I know that you already knew that, but for those that didn't, I just want you to learn how to help peoples' credit instead of sending them to the actual agencies even though they don't help your consumers repair their credit! Help your clients as much as you can, and never send them to companies that advertise free credit reports!

 If you need help explaining to your clients what they can do to help themselves, contact one of the thousands of very intelligent and seasoned professionals on AR, or just contact me and i will help you move to the next level with your client, even though i am not as intelligent as most of my peers on AR! But if you need a credit report for all 3 bureaus, call me or anybody on here for that! We will be happy to help you in that department!

Gary McNinch
Better Properties Real Estate - Renton, WA
Broker, Renton WA Real Estate

Keith,

The credit reporting companies are also selling the names of those who inquire to some Realtors and Mortgage Folks for a large referral fee.  So it is NOT a free report and is actually a huge lead generator for them.  And serves no purpose for us.

List and Sell (and let real lenders get credit reports after loan apps)  Gary @ RentonHomeFinder

Apr 04, 2008 06:02 PM
Keith Miller
Dakid's Network of Associates - Joliet, IL

WOW Gary!!!!!!

You did more research than me! And I thank you, and I am sure the readers of this blog thank you too!

Apr 04, 2008 06:39 PM