Why do lenders use Credit Plus?
Typically, phone calls from Credit Plus are the result of trying to secure a loan. They may be calling to collect additional information to accurately report your credit score.
Who owns Credit Plus Inc?
Universal Credit Services, LLC
Credit Plus, Inc./Parent organizations
What is Credit Plus service?
For more than 85 years, Credit Plus has been delivering the information and services mortgage professionals need to make smart lending decisions and help their clients. Credit Plus moves mortgage professionals forward.
Is Credit Plus a credit reporting agency?
Credit Plus is a “reseller” of credit information and provides credit report information from the 3 credit bureaus at the request of our mortgage company clients per the Fair Credit Reporting Act guidelines.
What score does Credit Plus use?
Score Plus: Credit Rescore. The Score Plus program allows Credit Plus to update credit information with the three national repositories in 5-7 business days. Credit Plus will forward documents supplied by your borrower directly to Equifax, TransUnion and Experian for a rush investigation.
What is Credit Plus inquiry on my credit report?
Share This. The inquiry can appear as Credit Plus when one of our lender clients asks for a copy of your credit report in connection to a financial transaction. Contact us to find out the name of our lender client that submitted the credit report request.
What score does credit plus use?
How long do hard inquiries stay on your credit report?
two years
Hard inquiries serve as a timeline of when you have applied for new credit and may stay on your credit report for two years, although they typically only affect your credit scores for one year.
Does a rapid rescore hurt your credit?
If you have recently missed a credit card payment, had a raise in hard inquiries, closed out a line of credit or had any other form of negative entry, requesting a rapid rescore would lower your credit score. A rapid rescore will not raise your credit score alone, but rather update your current credit profile.
Who is credit plus on my credit report?
Credit Plus, Inc. is a credit reporting agency and reseller of credit information to mortgage lenders. Credit Plus is located at 31550 Winterplace Pkwy, Salisbury, MD. Credit Plus may be on your credit report as a hard inquiry. This usually happens when you apply for a mortgage.
Who uses Advantage credit?
Since 1993, Advantage Credit, Inc. has been providing superior credit reporting services to mortgage lenders, brokers, banks, home equity lenders and others in the mortgage industry. We pride ourselves on our “Customer First” approach, and have the most knowledgeable personnel in the industry.
What does it mean to have a creditplus account?
CreditPlus is a small-dollar, short-term loan product designed to encourage participants to develop a regular savings plan. If you are caught up in the Payday Lending cycle or would like to join the banking mainstream with re-established credit, then CreditPlus may be for you.
What can Credit Plus University do for You?
Credit Plus University is our FREE, online training center that offers a variety of classes designed to help you succeed in the mortgage business. Some classes are product-oriented, others offer industry education and training.
Can you get a payday loan with creditplus?
If you are caught up in the Payday Lending cycle or would like to join the banking mainstream with re-established credit, then CreditPlus may be for you. CreditPlus offers you a low-interest small-dollar loan alternative to expensive Payday Lenders, Check Cashing Services and other alternative service providers.