Credit counselors are playing an ever increasing role in this process through increased consumer assistance. First American CREDCO offers a 3 bureau credit report with a soft inquiry to credit counselors. This means when a counselor uses a CREDCO report there is no impact to the consumer’s credit file and most importantly no impact to the consumers credit score.

In this ever changing environment compliance is also very important. Credco is the only credit reporting agency approved by the major credit bureaus to provide 3 bureau soft inquiries. Rapid ReCheck is another solution from First American Credco that enables credit counselors to assist consumers by correcting and updating credit data at the bureau level. This enables a consumer’s credit file to be updated and a new credit score can be obtained in a quick and accurate fashion. In addition, Credit counselors now have another option to discuss with clients who have little to no credit history. Today, with these solutions from First American CREDCO credit counseling agencies can better support consumers on the road to home ownership.

With the Anthem Report and Anthem Score from First American CREDCO, credit counselors now have the option to discuss credit-building opportunities for clients with little to no traditional credit history. This tutorial is designed to explain alternative credit options for both consumers and credit counselors. To learn more about alternative credit and how to serve this unique market, click below to get started!