1SD Newsletter: June 2004
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Credit Tips
TechWorks

CREDIT TIPS: Rapid Rescore – Quick Credit Scores Corrections

Here are two things every loan officer and borrower should know about Credit Scores.
A National Credit Reporting Association study discovered more than 80% of repository credit files contain errors, and most of those errors reduce the FICO score.

The difference between 6% and 7% interest on a $100,000 loan is $65 per month. That’s an 11% higher payment, every month, for 360 months. And the boost gets worse as interest rates increase.

Every day consumers choose pay a few dollars to correct their credit files instead of paying higher interest. Once they understand the alternatives, they almost always choose Rapid Rescore.

The Rapid Rescore Fact Sheet contains everything you need to know, and everything you need to do.