My Credit Plan BlogLatest News and Updateshttps://mycreditplan.org/BlogYet to be Seen if Biden Can Remove Medical Collections from Credit Reportshttps://mycreditplan.org/Blog/PostId/131/yet-to-be-seen-if-biden-can-remove-medical-collections-from-credit-reportsGeneralFri, 29 Sep 2023 23:38:34 GMT<p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">The Biden administration is trying to eliminate medical debt from your credit report. Is it true? There are many players in this and it will yet to be determined if that will be true. What will happen to the medical service providers? Will they be willing to provide services and not have an avenue to collect payment? That is a very good question. </span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">The U.S. government first allowed consumers to miss payments on various types of loans without those missed payments showing up on their credit reports. The next phase removed most past due taxes and any judgments from the credit report. Now, the Biden administration wants to remove all medical collections form the credit report. There will be a fight on this one and it will create additional secondary consequences. </span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><font color="#000000" face="Calibri, sans-serif" size="3">Hospitals, doctors and other medical providers are not going to just allow the Biden administration to take away tone of their best methods to collect payments. Just <span style="caret-color: rgb(0, 0, 0);">like</span> the student loan debacle, there will be legal action because it impacts many more people. </font></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">Medical collections are primarily the result of a failed medical system that pays too much with too little benefit. Many families with at least a couple of children end up paying over ten thousand dollars annually for medical coverage. For some, it is the cost to go the doctor a couple of times a year. For others, it is the coverage to prevent a massive medical bill. </span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">Whatever the situation, the insurance premiums for a regular size family are extraordinarily too high for the benefited that are provided. With the U.S. government subsidizing insurance premiums for millions of Americans, the root cause of the problem becomes more difficult to address because it is just covered up by more government involvement. Throwing more money is not the solution, it just exacerbates the problem. </span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">We hear that medical debts are not a good barometer of a person paying on a loan. We also heard the same for tax liens and judgments. If a person didn’t make a house payment during the deferred payment period during the pandemic, don’t you think someone who did make their payment would be considered less risky. But yet they are all treated the same. When a debt is owed, it adds more risk to a consumers financial profile. There are repercussions for having all this derogatory information remove from credit reports. </span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">The problem that is occurring is that credit score requirements keep increasing to qualify for the lowest interest rate and the lowest insurance premiums. Most mortgages raised their requirements from 740 to 780 in the Spring of 2023. Other lenders are following the same lead. </span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">Those that make payments on time are wrongly hurt by not qualifying for the best interest rate because the goal posts have moved and become more difficult to reach. The end result is millions are paying more who have really good credit, but not excellent credit as now required.</span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">It may make great headlines to say that missed payments, judgments or tax liens won’t appear on a credit report, or medical debt will disappear. When you turn around, we will all be paying more unless we have an excellent credit score. Additionally, you may be denied services because of these proposed changes. Unless we fix the problem, they are just putting a temporary band aid on the issue.</span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> 131Millions of Credit Reports are Being Unfairly Treatedhttps://mycreditplan.org/Blog/PostId/130/millions-of-credit-reports-are-being-unfairly-treatedKnowledgeMon, 11 Sep 2023 22:54:18 GMT<p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">Over the last several years, there has been a substantial movement to allow consumers to miss payments, judgments and tax liens deleted form their report. Two states have now passed laws that create an unfair and uneven assessment with consumer credit reports. What is fairness? That some are treated one way and others are treated another way? That is unamerican.</span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">Medical collections have been a hot topic for the last several years. Once a medical bill went six months past due, it oftentimes has been sent to a collection company. It then appears on the consumers credit report and can drop that credit score 70, 80 and even over 100 points.</span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">Some states have stepped in to create an unfair advantage for some. Colorado and New York have recently passed state laws that restrict the ability of medical providers and collection companies to report past due medical bills to the credit agencies. What incentive does a consumer have to pay his / her medical bills now? Why do consumers in 48 other states have to pay their medical bill or that bill will show up as a collection, substantially hurting their credit rating.  Only in New York and Colorado, medical collections will not show up in the credit report.</span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none">State legislators have now created an uneven credit report. Those citizens in Colorado and New York gain an extra benefit millions of other consumers do not. Now it is going to be a race to the bottom. Other state legislators will step in and pass other restrictions. </span></span></span></span></span></span></span></p> <p style="text-align:start"><span style="font-size:medium"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:400"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></p> <p style="text-align:start"><font color="#000000" face="Calibri, sans-serif" size="3">This issue should be uniform across the country. States should not be allowed to dictate what goes into a credit report. It should be a federal issue so that it is applied evenly. Otherwise, there is inequality and that is what is <span style="caret-color: rgb(0, 0, 0);">happening</span> now.</font></p> 130The Differences between Online Credit Reports and Lender’s Credit Reportshttps://mycreditplan.org/Blog/PostId/59/the-differences-between-online-credit-reports-and-lenders-credit-reportsKnowledgeWed, 30 Sep 2020 21:48:00 GMT<p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">When you look at a credit report online at one of the many “free” websites, do you think you are seeing all the information found in your lender’s credit report? Are the credit reports the same or are they different? If they are different, what information is missing from those free online credit reports?</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">To let you know, the credit reports found online are vastly different than the ones lenders use. A credit report found online is called a “consumer credit report” while a “lender’s credit report” is one used by lenders. </span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">You need to know the differences. Knowing what is in your lender’s credit report gives you accurate and real time information. The free consumer online credit reports give you a partial glimpse of your lender’s credit report – it does not give you the same information found in your lender’s credit reports.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">The more important question is; where can you get access to your lender’s credit report and review it?</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">It is difficult to find your lender’s credit report unless you know where to look. You generally cannot gain access to your lender’s credit report unless your denied credit or you go to a certified credit counselor. Finding one may be a challenge – until now.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">There are several differences between those online credit reports and a lender’s credit report. It depends on the type of lender. There is one main credit report used by all mortgage lenders and most credit card companies and auto lenders. A few credit card companies and auto lenders use a specific type of lender’s credit report tailored to auto lenders and credit card companies.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">Let’s look at the differences:</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; text-indent:0.5in; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"><b><u><span style="font-size:12pt"><span style="line-height:17.1200008392334px">Consumer Credit Reports</span></span></u></b>                                           <b><u><span style="font-size:12pt"><span style="line-height:17.1200008392334px">Lenders Credit Reports</span></span></u></b></span></span></span></span></span></span></span></span></p> <ol> <li style="margin-left:8px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"> Consumer Credit Scores                                                1. Classic (Lenders) FICO Credit Scores</span></span></span></li> <li style="margin-left:8px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"> Single Bureau Credit Report                                          2. 3 Bureau Credit Report</span></span></span></li> <li style="margin-left:8px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"> Inquiries                                                                          3. Hard Inquiries</span></span></span></li> <li style="margin-bottom:11px; margin-left:8px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"> List Social Security Number                                           4.  Matching Social Security Number</span></span></span></li> </ol> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"><b><span style="font-size:14pt"><span style="line-height:19.97333335876465px">Credit Scores</span></span></b></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">The credit scores offered in a consumer credit report are considered unreliable in the eyes of mortgage, auto and credit card lenders. They are different and are not used by lenders for loan approval. To emphasize this point, in all my experience, I have never seen the consumer credit scores be exact as the lender’s Classic FICO Scores. Never.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">Every point can matter in your loan approval or interest rate. A difference between a 659 and a 660, a 679 and 680 credit score, a 699 and 700 credit score, a 719 and 720 credit score, and a 739 and 740 credit score can easily cost you several hundreds more each year on a monthly mortgage payment.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">The Classic FICO Scores use different criteria than the consumer credit scores. There are too many differences to highlight in this blog. But the differences are significant. The Classic FICO Scores are used by all mortgage lenders, and most credit card and auto lenders.  You can only access them through a lender, MyFICO.com or a nonprofit certified credit counselor such as MyCreditPlan.org. They range from 300 to 850.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"><b><span style="font-size:14pt"><span style="line-height:19.97333335876465px">1- or 3-Bureau Credit Report</span></span></b></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">Most every consumer credit report is a single bureau credit report from either Equifax, Experian or TransUnion. You do not get a credit report based on all three credit reports. It is like only getting 1/3<sup>rd</sup> of the information. </span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">Wouldn’t you like to get your credit report information from all three bureaus? A tri-merge credit report used by mortgage lenders takes the information from all three credit bureaus – Experian, Equifax, and TransUnion – and is compiled into one credit report. Since the credit information from all three credit bureaus is oftentimes different, you can see your entire credit information from Experian, Equifax and TransUnion in one report. </span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"><b><span style="font-size:14pt"><span style="line-height:19.97333335876465px">Inquiries</span></span></b></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">A consumer report shows the number of inquiries up to the last 24 months. Many of these inquiries are promotional or account review inquiries. So, you cannot tell if they are being used in opening a new account. This makes it difficult to see who is checking your credit report for unauthorized purposes.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">Your lender’s credit report only shows those inquiries from lenders. It will show the lender, the date and the credit bureau that provided your credit report. There is more relevant information inquiry given in a lenders credit report.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"><b><span style="font-size:14pt"><span style="line-height:19.97333335876465px">Social Security Numbers</span></span></b></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">A consumer report only provides the social security number used to get a copy of your consumer credit report. It lists no additional social security numbers.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">A lenders report will report any and all social security numbers tied to your name. This may be helpful in case someone is using your social security number. Quite often, a tri-merge lender’s credit report will show multiple social security numbers. Either a lender has transposed your social security number at some time, or someone could be using your number to gain access to credit.</span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"></span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">There are additional items available in a lender’s credit report that can highlight any fraud or misrepresentation. The detail in a lender’s credit report is much greater and broader. For this reason, it is best to review a lender’s credit report and gain access to accurate information.  </span></span></span></span></span></span></span></span></p> <p style="text-align:start; margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:15.693333625793457px"><span style="font-family:Calibri, sans-serif"><span style="color:#000000"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none">My Credit Plan is the only internet consumer-based program that provides lender’s credit reports and scores, and offers personalized solutions to improve your scores.</span></span></span></span></span></span></span></span></p> 59