David Saks: June 2009

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 216

                                                              business

When the underwriter aquires the credit report of the applicant it will usually contain information pertaining to the applicants debt and payment history for the last ten years.

Is this fact true of false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

When information is obtained about a borrower from a credit report the information in the report usually only covers the last seven years, although certain items such as bankruptcies or foreclosures might remain longer.

If you see information that is incorrect in your credit file alert the credit reporting agency and they will inform you of what you must do to correct inaccuracies.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • June 27 2009 11:59AM
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