Top 5 Reasons People Fear Running their Credit Report

Dean-Hayes

Content provided by Dean Hayes, Bay Equity Home Loans

As a mortgage provider, we must run a credit report in order to have an accurate picture of how you might qualify for a home loan. Every now and then, I run into someone who is concerned about having their credit run. They want me to give them an idea of how they might qualify, but they don’t want me to pull their credit report. However, without it, anything we say is purely conjecture.

It’s just like going to see your doctor for an illness. She will want to have have a thorough evaluation (blood pressure, pulse, lab work) in order to provide an accurate analysis. Without that information, it’s malpractice.

The concerns that I see most people have about having their credit report ran can be summarized in 5 general categories.

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