Rapid Rescore for A Louisville Kentucky Mortgage Loan Approval

Rapid Rescore For Kentucky Mortgage Loan

Score Plus/Rescoring

Score Plus – Rapid Rescore – The Score Plus program allows Credit Plus to update credit information with the three national repositories in 5-7 business days. Credit Plus will forward documents supplied by your borrower directly to Equifax, TransUnion and Experian for a rush investigation. The repositories will update credit information and trade lines on their credit reports.
How long does it take to update credit information? While Score Plus is unable to guarantee a completion date, turnaround time to update credit information is typically 5-7 business days from the time your request is received. If the bureau rejects the documents, you will be promptly notified.
What types of credit information can Score Plus update?
Given a verifiable document from the creditor, Score Plus can:
  • Remove derogatory information and accounts that were reported in error
  • Update an account that has been paid in full and closed
  • Update the status of a collection
  • Update a balance or paid-in-full status
  • Update an account to show that it was included in a bankruptcy
What documentation is required for Score Plus?
Bureaus require that all documents submitted:
  • MUST be typed on the creditor’s letterhead
  • MUST come from the creditor reporting the account
  • MUST state specifically how the information should be changed
  • MUST include the date, complete account number, and the name and contact phone number of the creditor