If you have little or no credit references on your credit report, the lender will work with you to develop what is called a “nontraditional” credit report containing information on how you manage the financial obligations, including payments rent, utility payments, and other items that normally do not appear on a credit report.

Will my lender tell me the score? The decision is up to the lender and are not obliged to share the credit ratings of borrowers. The lender can tell if a credit score was used as part of the decision to approve or deny your loan. If your loan is denied, the lender can help you understand what reasons caused the denial and what you can do to get the way for a housing.
How do I know if the information used to calculate my credit score is correct? How can I get a copy of my credit report?
Your credit report reflects the information provided to credit bureaus each of its creditors. This information changes every time something is added or deleted from your credit file. To ¬ position to pay an existing account, the opening of several new accounts, or exceeding the credit limit at one of its accounts will be reflected in their credit history. Sometimes credit reports are inaccurate. There are also situations where the time between when opening or closing an account or make a payment and when information is available at your credit report will show your credit report is inaccurate. The best way to ensure that the information contained in your credit files is correct is periodically request copies of your credit report. Each credit bureau maintains its own records, so if you want to order copies of the three: Trans Union, Equifax and Experian.

Credit Agencies generally mind ¬ charge a small fee for a credit report, however, some states now require that give free or discounted the reports. In addition, if you have been rejected for credit because of information contained in your credit report, you are entitled to receive a free copy of its report within 60 days of denial. If you cree that its report contains errors, the notification of the relevant credit bureau listed in this booklet directly to ensure that mistakes are corrected in his file. It will investigate the matter and remove any incorrect information. If the information in your credit file changes, your lender may want to request another copy of the report and a new credit score. Note, however, to make changes in your credit report may not change your credit score.

It is recommended that you obtain and review a copy of your credit report before beginning the process of mortgage loan. To obtain a copy of your credit report, contact the credit bureaus:
Equifax: (800) 685-1111, TransUnion: (800) 916-8800, Experian: (800) 682-7654.

For additional information, you may want to visit the Equifax, Trans Union, Experian or world wide web sites:
Equifax: equifax.com,
Trans Union: tuc.com
Experian: experian.com.

If there are errors in my credit report do I have to wait to be corrected before applying for a mortgage?
If you have not reviewed your credit report and found errors, you must contact the credit bureau immediately and reach the correct information. You can still apply for a mortgage, while this information is being corrected. Simply explain the circumstances, the loan officer and explained that the credit bureau is correct information.

If you already have applied for a mortgage, their loan officer can still evaluate your credit report and your loan application without a credit rating review of the information is correct on your credit report. However, lenders consider that consumers establish a pattern often paying their bills late to be higher credit risks than those who pay on time. As a result, lenders are often reluctant or unwilling to extend new or additional credit to these consumers. Rating credit not only reflects this concern, but the actual experience of lenders.