Quantcast
Damaging Hard Credit Checks - Page 2 - Beyond.ca - Car Forums
Page 2 of 2 FirstFirst 1 2
Results 21 to 24 of 24

Thread: Damaging Hard Credit Checks

  1. #21
    Join Date
    Apr 2004
    Location
    Calgary
    My Ride
    '04 Civic, '07 Element SC
    Posts
    798
    Rep Power
    9

    Default

    So as a current renter but a probable first time home buyer, paying my bills, having my credit cards etc, is it feasible at this point for me to pay for a proper credit check and then seek some credit advice prior to securing a mortgage rate?

  2. #22
    Join Date
    May 2010
    Location
    Vettel's #1
    My Ride
    Vettel's #1
    Posts
    1,176
    Rep Power
    7

    Default

    Originally posted by Afrodeziak
    Thanks Tim,

    Can you elaborate if checking my own credit in this way will alter my score at all? Or is that only when a creditor checks?

    Edit: Also, I'm not seeing any free options with Equifax or TransUnion.

    There is a free way to check it. You basically have to write a mail them a letter with a copy of your drivers license, requesting it.

    I believe this only gets you your credit history, and not your credit score. I could be wrong on the last point.

    Search their websites a bit, you usually have to look around for the procedure to get a free report, as they're way more interested in selling you their garbage products than mailing you a free credit report.

  3. #23
    Join Date
    Aug 2008
    Location
    Calgary
    My Ride
    TDi
    Posts
    1,347
    Rep Power
    7

    Default

    Originally posted by Afrodeziak
    So as a current renter but a probable first time home buyer, paying my bills, having my credit cards etc, is it feasible at this point for me to pay for a proper credit check and then seek some credit advice prior to securing a mortgage rate?
    It's not all about your credit score to be honest. I checked my score before I bought a house and it just made me confident that I would get accepted. They check your employment history/status and how much you make too. Talk with one of the brokers here on beyond or hit up your bank.




    https://help-en.equifax.ca/app/answe...dian-residents
    GO FLAMES GO!

  4. #24
    Join Date
    Jul 2011
    Location
    Calgary
    My Ride
    Sierra
    Posts
    13
    Rep Power
    0

    Default

    Originally posted by Afrodeziak
    So as a current renter but a probable first time home buyer, paying my bills, having my credit cards etc, is it feasible at this point for me to pay for a proper credit check and then seek some credit advice prior to securing a mortgage rate?
    As a few other Beyond members have mentioned, the credit score is one aspect of obtaining a mortgage.

    The process is to meet with a lender/ broker and discuss your current situation and run a few numbers to see if you qualify and what that qualification would be? This does not mean that a credit bureau needs to be pulled.

    Caution: Most banks will want to do this right away before discussing rates.

    As a broker, I like to understand your current situation, review your income, debts and what you would like to do (i.e. purchase…). While always being conscious of budget so that you are not house poor!

    Then we would look at a credit bureau to pre-approve (one step further than a pre qualifying) and will allow us to protect rates etc.

    PM me if you would like to discuss further.
    Thanks,
    Tim Lacroix | 403-648-1541
    Mortgage. Made Easy Experts
    Kardia Mortgage Inc
    www.TimLacroix.com

    If you have any questions please feel free to PM me or email [email protected]

    Click here to View current Mortgage Rates

Page 2 of 2 FirstFirst 1 2

Similar Threads

  1. Insurance companies demanding credit checks?

    By sxtasy in forum Society / Law / Current Events / Politics
    Replies: 14
    Latest Threads: 10-14-2015, 06:17 PM
  2. Credit checks why?

    By copynpaste in forum Careers
    Replies: 18
    Latest Threads: 07-20-2010, 10:01 PM
  3. Replies: 13
    Latest Threads: 06-02-2007, 09:57 PM
  4. Replies: 1
    Latest Threads: 11-04-2006, 03:41 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •