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smithsara302 · Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)

WHAT IS A CREDIT BUREAU SCORE AND HOW DO LENDERS USE THEM?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

This is your credit score which determine how relaible you are for some one to lend you money

They use this to mesure your ability and intention to pay back any loan

JKennedySLG · Posted: Thu Sep 10, 2009 12:05 pm Post subject:

There are 3 different credit bureaus. Each giving a score based on the your credit profile. For mortgage qualifying purposes, the middle of the 3 scores is used. For example, if your TransUnion score is a 660, your Experian score is a 620, and EquiFax score is a 700 then we are going to qualify you based on the 660 score. I hope this helps...

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

Credit bureau score is a number representing the possibility a borrower may default; it is based upon credit history and is used to determine ability to qualify for a mortgage loan.

ross090909 · Joined: 04 Sep 2009 Posts: 82 -0.31 Dollars($)

From your credit history lender can able to identify possibility that you will be unable to repay your loan. This number is called as credit bureau score. Lenders use it to determine your ability to qualify for a mortgage loan. so if your score is more then its maximum chances of getting loan. You can find with the lender about the details.

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