What are Credit Checks?
If you tell us you have a financial link with another person, or a link has already been recorded by CRAs, applications for credit by either of you (separately or together) will take the others’ financial information into account and will be affected by it. This linking will continue (covering any other names used by both of you) until you, or the person who is financially linked with you, successfully apply to CRAs to be disassociated. We may also use credit scoring and automated decision making systems when considering your application and managing your account. This may involve further searches at CRAs. These searches will not affect your ability to obtain credit.
Since you are asking a service provider to extend a line of credit to you, the following items are required to evaluate your credit worthiness: Full legal name Billing address Date of birth (DOB) Social Security Number (SSN) Landline telephone number Government Issued Photo Identification Number (ID) • What is number porting? Wireless number portability simply means keeping your phone number and choosing a new carrier to provide your service. You can carry your number from cellular to cellular or landline to cellular. • What do I need to know before I port my number? You must be the owner of the mobile number you are attempting to port. You also must be opening the new account in your name. Do not cancel your existing account with your carrier. Your existing phone will be working through the porting process until your mobile number is transferred over to the new carrier. Please note: The porting process can not be completed if you terminate your existing account. • What do I need to kn
Credit checks are used to determine your credit score or rating, which potential lenders will use to assess your risk level as borrower. A higher rating basically means that the person is good at handling credit, and is less of a risk to the lender. Banks perform credit checks on all loan applicants, but they usually charge you for this along with other extra fees. If you want, you can get a free credit check on your own to save them the trouble (or keep a copy for yourself).
Credit checks are background checks which are performed to determine someone’s credit worthiness. Most credit checks are run through credit bureaus, organizations which compile data about individuals and their credit history, although a credit check may also include calls to financial institutions and other entities for financial references. Credit checks have become par for the course for many people in the developed world when they want to get involved in financial transactions. There are several components to a credit check. The first is a credit score, a number which is designed to provide a quick hit of information about the applicant. Many agencies use FICO scores, with scores upwards of 600 being considered “good” and scores higher than 700 being “excellent.” In addition to the score, the credit check also includes a credit report which lists any open and recently closed lines of credit and loans, along with their balance and payment histories. Someone with a mortgage, two credi
We are required to check your identity. We do this by making searches at Credit Reference Agencies (“CRAs”), Fraud Prevention Agencies (“FPAs”) and by checking the information you give us. If you give false or inaccurate information and we suspect fraud we will record this with FPAs. If you tell us you have a financial link with another person, or a link has already been recorded by CRAs, applications for credit by either of you (separately or together) will take the others financial information into account and will be affected by it. This linking will continue (covering any other names used by both of you) until you, or the person who is financially linked with you, successfully apply to CRAs to be disassociated. We may also use credit scoring and automated decision making systems when considering your application and managing your account. This may involve further searches at CRAs. These searches will not affect your ability to obtain credit.
