Protecting Yourself From Becoming A “Trigger Lead”
From the CBS News Video Web site, an interesting story for anyone who’s recently applied for mortgage credit. The three major credit bureaus — Experian, Equifax, and TransUnion — sell the contact information of new mortgage loan applicants to other mortgage lenders that want to compete for the same business. It works like this: You call your loan officer for a rate quote Your loan officer submits a credit report to the credit bureaus The credit bureaus recognize that you…
Original post by Dan Green