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Credit Reports

Consumers may now check their credit reports once per year free in the state of Wisconsin with no "hard inquiry" or impact on your credit file. If after you consult with one of our mortgage professionals you wish to proceed on your own, you can do so by ordering your reports at the following number 1.877.322.8228; or by logging onto the website created by the three credit bureaus: https://www.annualcreditreport.com (Link opens in a new window.)

Commonwealth Mortgage Group offers an educational stress free alternative to working with all three credit bureaus to receive your credit profile. Your mortgage professional will be available to help you read and decipher your credit report and help you in deciding what is your next step in the process whether is mortgage approval or credit repair. Contact us today to get started!

What is a credit file disclosure or a credit report?

A credit file disclosure, commonly called a credit report, provides you with all of the information in your credit file maintained by a consumer reporting company that could be provided by the consumer reporting company in a consumer report about you to a third party, such as a lender. A credit file disclosure also includes a record of everyone who has received a consumer report about you from the consumer reporting company within a certain period of time ("inquiries"). The credit file disclosure includes certain information that is not included in a consumer report about you to a third party, such as the inquiries of companies for pre-approved offers of credit or insurance and account reviews, and any medical account information which is suppressed for third party users of consumer reports. You are entitled to receive a disclosure copy of your credit file from a consumer reporting company under Federal law and the laws of various states.

What is an inquiry?

An inquiry occurs when an entity requests a copy of your credit report. These inquiries can be made by credit-granting organizations, such as banks and retail stores, when you are applying for credit. Other inquiries, from requestors such as insurance companies, potential employers, or rental housing agencies, can be made after you have given the requestor your consent. The entity's name will appear on your credit report, allowing you to monitor who accessed your credit history.

How can I exclude my name from nationwide consumer credit reporting company lists for unsolicited credit and insurance offers?

You may request that consumer credit reporting companies exclude your name from lists for pre-approved, unsolicited credit and insurance offers. To find out more, please call 1–888–5OPTOUT (1–888–567–8688).