Can regs bar use of negative credit history?(MAILBOX) From: ABA Banking Journal | Date: February 1, 2008| Author: | COPYRIGHT 2008 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

Q. We have a borrower with a low credit score and previous bankruptcy to whom we made a small car loan earlier this year. He is currently post due.

Recently we received the some borrower's application for a refinance of his personal residence.

The bank wants to deny this application because of the borrower's credit score and bankruptcy. He actually had this score and the bankruptcy at the time of the first loan, but we made it anyway because of his relationship with the bank and because the amount was small.

The loan officer believes that he cannot use any adverse ...

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

	Your credit report can say a lot to employers Newspaper article from: The Milwaukee Journal Sentinel ; Careers Today Your credit report can say a lot to employers By JOYCE LAIN...contractors or official agencies. What does my credit report have to do with my work ethic? A. The online credit report has gone radioactive in becoming a workplace...
	Check Credit Report Before Potential Landlord Does Newspaper article from: The Washington Post ; ...few landlords because of an erroneous credit report, a reader from Maryland opined that...been better spent by requesting her credit report," she wrote, adding that she had no...removing incorrect information on her credit report once she discovered it. "I was shocked...
	It's crucial to review your credit report Newspaper article from: The Record (Bergen County, NJ) ; ...02-03-2004 It's crucial to review your credit report Date: 02-03-2004, Tuesday Section...or car loan), be sure to review your credit report first, so you can catch and correct...impersonates and robs you) by reviewing your credit report regularly and looking for signs of...
	Price will be right for checking your credit report Newspaper article from: Post-Tribune (IN) ; ...in 2005: Get a free copy of your credit report. Beginning in March, you will be entitled to one free credit report from each of the three major credit...makes good sense to check your credit report regularly. And, by the way, this...
	Price will be right for checking credit report Newspaper article from: Chicago Sun-Times ; ...2005: Get a free copy of your credit report. Beginning in March, Illinois...will be entitled to one free credit report from each of the three major...makes good sense to check your credit report regularly. And, by the way...
	LEX FUHGEDDABOUTIT!!! Identity theft rampant; safeguard credit report Newspaper article from: Filipino Reporter ; ...under your name will appear in your credit report, so if you don't regularly check it...unintended errors that can creep in anyone's credit report that result to up to thousand dollars...in general. Constantly checking your credit report is very important not only to prevent...
	Watch your credit report for mistakes that could hurt Newspaper article from: Chicago Sun-Times ; ...might be called "What is wrong with my credit report?" It could save you thousands of dollars...little later. "I have never seen a credit report that was 100 percent accurate," said...thousands of dollars to your cost. "Your credit report affects so much of your life," Swartz...
	Get your free credit report and check it Newspaper article from: Miami Times ; ...Americans are able to access their credit report, Congress passed the Fair and Accurate...consumers to request a free copy of their credit report from each of the three major credit...effect on June 1. To access their free credit report, consumers can visit www.annualcreditreport...
	Inaccurate credit report? Legitimate help available Newspaper article from: Chicago Sun-Times ; ...about it. But just how widespread are credit report mistakes? A recent survey by the U...kind of inaccuracies. An inaccurate credit report can lead to denial of a mortgage or...point, the repair people order up a credit report - which will be free of the black marks...
	CHECK YOUR CREDIT REPORT Newspaper article from: The Boston Globe ; Checking your credit report is easy, fast and necessary - a...are entitled by law to one free credit report per year from each of those agencies...or employment on the basis of a credit report, are entitled to review, at no...

For more facts and information, see all results

Find more facts and information related to the article "Can regs bar use of negative credit ..."