http://www.joannepowers.org/realestate-agents/can-a-realestate-agent-put-fake-things-on-your-credit-to-up-your-score-how-do-they-do-that Wed, 10 Mar 2010 05:09:59 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.joannepowers.org/realestate-agents/can-a-realestate-agent-put-fake-things-on-your-credit-to-up-your-score-how-do-they-do-that/comment-page-1#comment-1186 Kevin H Tue, 24 Nov 2009 23:43:59 +0000 http://www.joannepowers.org/realestate-agents/can-a-realestate-agent-put-fake-things-on-your-credit-to-up-your-score-how-do-they-do-that#comment-1186 No, for one thing its too long of a process and requires more intellect then what it would take to remove misreported info from a credit report. An interesting statistic from the Nationaql Mortgage Bankers Association is that 30% of credit reports contain inaccuracies. I would submit a different view, it is more likely that all reports contain around 30% inaccurate information. As to how would an agent embellish a report theres 2 ways that come to mind. Cut and paste a better score and use a photocopy. Or set up a bogus account and record timely payments. The problem is that would require a long long time to have a sizable raising of ones score. Miss a payment on anything and your score can plunge overnight. Making timely payments on one or two new accounts can only raise a score slowly and by a small amount.<br><b>References : </b><br> No, for one thing its too long of a process and requires more intellect then what it would take to remove misreported info from a credit report. An interesting statistic from the Nationaql Mortgage Bankers Association is that 30% of credit reports contain inaccuracies. I would submit a different view, it is more likely that all reports contain around 30% inaccurate information. As to how would an agent embellish a report theres 2 ways that come to mind. Cut and paste a better score and use a photocopy. Or set up a bogus account and record timely payments. The problem is that would require a long long time to have a sizable raising of ones score. Miss a payment on anything and your score can plunge overnight. Making timely payments on one or two new accounts can only raise a score slowly and by a small amount.
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]]> http://www.joannepowers.org/realestate-agents/can-a-realestate-agent-put-fake-things-on-your-credit-to-up-your-score-how-do-they-do-that/comment-page-1#comment-1185 Lauren K Tue, 24 Nov 2009 23:31:59 +0000 http://www.joannepowers.org/realestate-agents/can-a-realestate-agent-put-fake-things-on-your-credit-to-up-your-score-how-do-they-do-that#comment-1185 Even if they could, it is illegal and very dangerous to do. I would advise strongly against it. Instead, look at ways to legally improve your credit score (lessen debts, pay consistently, etc.)<br><b>References : </b><br> Even if they could, it is illegal and very dangerous to do. I would advise strongly against it. Instead, look at ways to legally improve your credit score (lessen debts, pay consistently, etc.)
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]]> http://www.joannepowers.org/realestate-agents/can-a-realestate-agent-put-fake-things-on-your-credit-to-up-your-score-how-do-they-do-that/comment-page-1#comment-1184 Nancy Kay Tue, 24 Nov 2009 23:25:59 +0000 http://www.joannepowers.org/realestate-agents/can-a-realestate-agent-put-fake-things-on-your-credit-to-up-your-score-how-do-they-do-that#comment-1184 No they cannot. It is illegal (both at state and federal levels) and unethical. It can cost them their freedom and/or licence.<br><b>References : </b><br> No they cannot. It is illegal (both at state and federal levels) and unethical. It can cost them their freedom and/or licence.
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