Tag Archives: credit checks

Money Monday: Who’s checking your credit?

You may be surprised….

According to the Consumer Federation of America’ research, it’s not just creditors who are looking at your credit scores.

You may not realize this, but creditors are only required to inform consumers that their scores are being checked when consumers have one of the three happen:

  1. They apply for a mortgage
  2. When they haven’t received the best loan terms
  3. When they are denied a loan

Who else may be looking at your credit? 

  • Electric utility companies
  • Cell phone companies
  • Landlords
  • Home insurers

Who is checking your credit score

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.