Question : Is there a difference between the credit report a creditor sees and your full report on file with the 3 CRAs?
Correct me if I'm wrong but when you "pay for deletion" you are paying for any record of the debt to be 100% removed from the report that a potential creditor would see (like when you buy a car or credit card) . --BUT the debt is never actually deleted from the credit report that you and the CRA have access to. So, there are actually 2 forms of credit report: one that potential creditors see, and one which only you and the CRA see.Is this correct??I am asking because in previous answers to my "pay for deletion" questions, alot of people are saying that debts are never 100% deleted from credit reports. So that makes me wonder what the phrase "pay for deletion" means exactly?Thanks!
- asked by G-M-B-A
All Answers:
Answer #1
When you request pay for delete, you arerequesting full deletion. That means the tradelinewill be deleted to where even "you" cannot see it.But, the CRA's will still hold onto theinformation.Yes in a way there would be 2 forms ofcredit report. One with all of the regularinformation on it that you and a creditor wouldsee and another that "only" the CRA'ssee........unless.....hold on, I'm gonna confuseyou some more lol..... The only time that old ordeleted items may possibly be seen is if a fullfactual report is pulled. You cannot pull a fullfactual and the general creditor or collectionagency cannot pull a full factual. Generally it isonly a mortgage company that can pull a fullfactual. And, (as far as I know) it is not doneoften. description of Factual Data, just trying to keepit brief>If you apply for a mortgage that is 150kor more, then a full factual "may" be pulled. Wayback when it was rare for the average person toapply for a 150k mortgage, when a person "did"apply for that high of a mortgage the mortgagecompany had probably pulled a full factualreport.Now 150k mortgages are common and fullfactuals are not pulled as much as they hadbeen.Full factuals can contain information that isold and outdated and past the reporting SOL andmay also contain newer information that had beenremoved for some reason before the reporting SOLhad expired.
- answered by echo
Answer #2
It is illegal to delete or erase accurate infofrom your report. Any company saying they can,cannot really do it.
- answered by Mariposa
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