I have a client that told me they went to their credit union to get pre-approved for their next home and they didn't pull ANY credit score at all. I told them the must have entered some numbers backwards or something since you don't go from being a homeowner to having NO credit. The last credit report they had showed scores in the 800's and now n/a?
I sent them over to my mortgage lender only find out in fact they have NO credit scores! I have never heard of someone's credit totally ceasing to exists after it has been established, have you?
I am dumbfounded as to how a couple can have owned a home and sold it via Citi Mortgage and even had a HELOC with Bank of America somehow dropped out of radar and now their credit history is just gone.
I asked them if they were under the witness protection program and they said no. Does anyone have any idea of how all three major credit bureaus can wipe someone's credit clean away as if it never existed?
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