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| TESTIMONIALS |
Thank you Great
Northern Mortgage for the superior handling of my home
mortgage package. My attorney Ike Dibia was also impressed
with your work in creating the best loan possible. I look
forward to any opportunity to recommend your team.
Lissa Luke
Attorney At Law
More Testimonials |
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Your money will NOT be refunded and you will NOT receive a copy of your credit report if you do not work with Great Northern Mortgage.
It is strongly suggested that every person must check his or her
credit report every six months. The reason why is outlined below.
"It is outrageous that inaccurate credit reports could damage 1 in 4 consumer's
ability to buy a home, rent an apartment, obtain credit, open a bank account,
or even get a job." "Those mistakes ruin the financial reputations
of hardworking Americans," said Ed Mierzwinski, U.S. Public Interest Research
Group (PIRG) Consumer Program Director.
In June 2004, The U.S. PIRG published the results of a survey it
conducted involving 200 adults in 30 states to test the validity
of credit reporting. Their findings were as follows:
- Twenty-five percent (25%) of the credit reports contained errors
serious enough to result in the denial of credit;
- Seventy-nine percent (79%) of the credit reports contained
mistakes of some kind;
- Fifty-four percent (54%) of the credit reports contained personal
demographic information that was misspelled, long-outdated, belonged
to a stranger, or was otherwise incorrect;
- Thirty percent (30%) of the credit reports contained credit
accounts that had been closed by the consumer but incorrectly
remained listed as open.
SOURCE: U.S. Public Interest Group Research; One In Four Credit
Reports Contains Errors Serious Enough To Wreak Havoc For Consumers,
US PIRG Press release, 06/17/04 http://uspirg.org/uspirgnewsroom.asp?id2=13650&id3=USPIRGnewsroom
As the old saying goes, there is no such thing
as a free lunch. The same is true with most free credit check offers.
For example, most websites charge at least $19.95 for access to all
three of your credit scores. These websites offer a lot of red tape
put up to complicate the process of canceling the free trial and
subsequent monthly memberships that is often required. We offer one
time purchase with no strings attached. There are no membership requirements,
no trial periods, no calling back to cancel your trial offer, and
no monitoring offers. Once you pay with your credit card, we will
send a credit report to your email indicated on the form. Most
importantly, when you request your credit score through our secure
website, you will receive TRUE credit scores that any lender will
get (time limitations apply) when pulling your credit to underwrite
your loan. Any free credit check websites you can find on the internet
will NOT give you the same accurate scores for the following reasons
(see proofs below), which may result in higher interest rate, lower
loan amount, or even a denial of your mortgage application. When
you complete an online form on such websites, the three credit bureaus,
Experian, TransUnion and Equifax, will not know the reason why you
request the credit report. People check their credit for multiple
reasons:
- To buy a car
- To apply for a credit card
- To apply for a job
- To apply for a mortgage
- To do an annual credit check
- Other reasons
The FICO scores people get will vary depending
on the type of inquiry. To illustrate this difference, with the client’s
consent (for security reason we left only the first letters of
the First and Last Names) we checked the credit scores of that
person on the same day (03.15.2009) with four different
companies:
- AnnualCreditReport.com
- CreditReportInstantly.com /
TrueCredit.com
- CreditReport.com
- CreditPlus.com
(mortgage type inquiry, checked through Great Northern Mortgage)
On AnnualCreditReport.com we checked only
TransUnion score for two reasons: to avoid additional cost for
checking credit with other bureaus, and since this company gives
a credit score based on VantageScore System, not FICO, which
lenders do not use yet. The way the three bureaus work is
that if an individual does multiple credit checks within the FOURTEEN
days of the initial inquiry and FOR THE SAME TYPE OF INQUIRY,
the credit scores should be the same. For example, if the person
is shopping for a mortgage, and checks his or her credit with
different lenders within the 14 day period, the individual’s
FICO scores should be the same. If within the same time frame
the same individual applies for a credit card or extends his
or her credit card limit, or applies for a car loan, FICO scores
will drop since this is a different type of inquiry.
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TransUnion |
Experian |
Equifax |
AnnualCreditReport.com
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946*
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CreditReportInstantly.com /
TrueCredit.com |
758
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770
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769
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CreditReport.com
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755
|
774
|
777
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CreditPlus.com/Great Northern
Mortgage |
774
|
771 |
756 |
* Click on “See Screenshot” to
see images
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| 1430 Broadway, Suite 1207,
New York, NY 10018 |
