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Myth4: My Loan Broker uses my report from AnnualCreditReport

2010-06-30 3 Dailymotion

The "Free" annual credit report is weighted differently than a lender's credit report, and does not contain the same data that a lenders report does. From a lender's perspective, there are reports where different factors weigh differently, based on what the lender's requirements are. An automotive lender will get an automotive-based score. More weight is put on your auto credit than anything else in your auto score. That's very different than a standard consumer report.