What is Credco on my credit report?

CoreLogic Credco is a third-party consumer credit reporting agency that provides merged credit reports to a number of mortgage lenders. So a CREDCO inquiry on your credit reports could simply mean that you recently applied for a mortgage with a lender that relies on CoreLogic Credco for its credit-report needs.

Is Credco used for car loans?

What Types of Loans is Credco Associated With? Any company can use Credco, but the most common according to their website are mortgage lenders and auto loan lenders. They’ve been providing credit reporting to mortgage lenders for 50 years.

Is Credco Quicken Loans?

Credco/Quicken stands for CoreLogic Credco/Quicken Loans. This usually happens when you apply for a mortgage with Quicken Loans. Corelogic Credco is a credit reporting agency that provides merged credit reports to mortgage lenders nationwide.

What is Credco used for?

Credco is a consumer reporting agency that assembles and evaluates consumer information and provides consumer reports to third parties for the purpose of extending offers of credit, and/or other purposes as permitted by law.

What FICO score does credco use?

One of their newest scores is the FICO mortgage credit score produced in partnership with CoreLogic Credco that is based on Corelogic’s CoreScore Credit Report.

Is credco a bank?

Corelogic Credco is a credit reporting agency backed by Bank of America. They provide merged credit reports to mortgage lenders nationwide.

Who uses credco Auto?

Mortgage lenders and auto lenders are steady customers of CoreLogic CREDCO. So, if you recently applied for a pre-qual on a mortgage for example, you will likely see the CREDCO on your credit report rather than one or more of the three consumer reporting agencies—Experian, Equifax, and Transunion.

How long does credco stay on credit report?

2 years
Whether or not you get approved for the mortgage makes no difference. The hard inquiry will remain on your credit report for up to 2 years. Each time an inquiry is made, it is recorded by one or all of the three major credit reporting agencies – Equifax, Experian, and TransUnion.

Does Wells Fargo use CoreLogic Credco?

If not provided at the time the Credit Package is submitted for underwriting, Wells Fargo Funding will obtain a credit report from CoreLogic Credco or Equifax prior to underwriting the file. This Loan Score will be used to determine pricing and Loan eligibility. Standard reserves vary depending on transaction details.

How long does Closed accounts stay on credit report?

10 years
An account that was in good standing with a history of on-time payments when you closed it will stay on your credit report for up to 10 years. This generally helps your credit score. Accounts with adverse information may stay on your credit report for up to seven years.

How do I remove closed accounts from my credit report?

If you’d like to remove a closed account from your credit report, you can contact the credit bureaus to remove inaccurate information, ask the creditor to remove it or just wait it out….Removing a Closed Account from Your Credit Report

  1. Dispute inaccuracies.
  2. Write a goodwill letter.
  3. Wait it out.

How to contact the CoreLogic Credco service center?

For questions about pulling a credit report or your login/password for the Credco Service Center, please contact Technical Support. Email: [email protected]

Where can I Find my CredCo credit report?

The CoreLogic Credco Consumer File contains information maintained by CoreLogic Credco. However, your lender may have obtained a report that contains additional information from the three national consumer credit reporting companies, Equifax, Experian and TransUnion.

Why is CredCo important to the credit industry?

For more than 50 years, Credco’s leading consumer information solutions have enabled top lenders to make sound, agile business decisions. Today, we continue to identify new technologies, and create new products, to help our customers make smarter business decisions across an ever-changing marketplace.

Can you request a security freeze from CredCo?

While the law varies from state to state, in general, you may request a security freeze to be placed upon your consumer file. Credco will, upon such request and proper identification, place a security freeze on your Credco consumer file. Once a security freeze is in place, Credco will provide you with a personal PIN.