Why you should pull your own credit report
During the pre-approval stage of loan application it is important that borrower's understand the importance of protecting their credit. When a lender, loan advisor or other organization pulls an individual's credit, it creates an inquiry on the reports and usually causes a drop in credit score.
Key Commercial Capital makes it a priority to help minimize credit pulls in order to protect the credit reports of our clients. If a borrower pulls the reports on their own, it does not create an inquiry or a decrease in score. We encourage our clients to pull their own reports and to share the reports with us.
Many borrowers have memberships that allow their reports to be viewed. Normally we need to see all three bureau's reports (Equifax, Experian and TransUnion). If an individual does not have a particular membership that allows all 3 full bureau reports WITH a score to be obtained, a website that we recommend is https://www.freescore360.com/
Free Score 360 (Powered by scoresense) allows individuals a 7 day trial membership. Full reports including scores are available. Once an individual pulls each of the 3 reports he or she will be prompted to PRINT. Select to "Print As" Adobe PDF from the printer drop-down menu on the computer. If Adobe PDF is not one of the selections, Adobe Acrobat Reader might need to be downloaded to the computer.
Please go to:
http://www.adobe.com/downloads.html
Select the download link for Adobe Acrobat Reader (from the free downloads icons at the bottom). Alternatively, Adobe Acrobat Pro (Trial version) can also be selected and used).
The 3 reports can be emailed to your representative by attaching the PDF files to an email. Alternatively if anyone feels uncertain about sending PDF's via email, your advisor can email a DropBox secure link where the PDF files can be uploaded into a folder that is created with your name. Only Key Commercial Capital will have access to this folder and it will never be shared.