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  • Datafacts Rescoring Form

Get Datafacts Rescoring Form

Fax 800.785.5013 ... Data Facts is pleased to offer an expedited file maintenance program through our ... CSC (Equifax), CBA (Experian) and Trans Union.

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How to fill out the Datafacts Rescoring Form online

The Datafacts Rescoring Form is designed to facilitate the expedited updating of credit files. This guide provides clear, step-by-step instructions on how to complete the form online effectively, ensuring you have all necessary information at hand.

Follow the steps to successfully complete the Datafacts Rescoring Form.

  1. Press the ‘Get Form’ button to access the Datafacts Rescoring Form. This will open the necessary document for you to begin filling it out.
  2. Indicate whether this is a regular request or a verbal request by checking the appropriate box. A verbal request incurs an additional fee.
  3. Enter the name of the company making the request as well as the requestor's name in the designated fields.
  4. Provide the date of the request and the number of pages you are faxing.
  5. Fill in the applicant's name and co-applicant's name, if applicable. Make sure to provide their current addresses.
  6. Enter the last four digits of the applicant's and co-applicant's Social Security Numbers and their dates of birth.
  7. Include the Data Facts Report number for reference.
  8. List each tradeline that requires correction, detailing the nature of the correction and which repositories should process the changes. It is advisable to include the borrower's authorization when possible.
  9. Acknowledge and understand the terms regarding fees and the likelihood of changes to the risk score.
  10. Confirm that the borrower has notified the creditor(s) to release information to the bureaus. Ensure the signature of the requestor is provided at the end of the form.
  11. Once form completion is achieved, you can save your changes, download a copy for your records, print it, or share the form as needed.

Complete your Datafacts Rescoring Form online today for timely credit file updates.

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Questions & Answers

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You can't initiate a rapid rescore on your own. Instead, you'll need to work with a creditor that provides these services, such as a credit card company or another type of lender. Rescoring is commonly offered by mortgage lenders because securing a mortgage is usually more time-sensitive than other loans.

It is mentioned in the FCRA ACT that this fee cannot be charged from the borrowers by the Mortgage lenders and brokers. However rapid rescore is not available with all lenders or brokers.

Acceptable Documentation required: For the bureau to accept CIC requests, all documents MUST be typed on letterhead, from the creditor reporting the account, Collection agency receipts with account number and current balance/status, and letter of discharge and all schedules for bankruptcies.

If your score is just shy of qualifying for a mortgage or getting a lower interest rate, rapid rescoring can give you the boost you need. But if you take the time before you apply to improve your credit, you'll likely be able to make more comprehensive improvements, which can potentially save you even more money.

The fee to rescore is $30 per exam. Payment methods include mailing a check or money order or mailing or faxing your credit card information.

Creditors are not required to report to every credit reporting company. Lenders use these reports to help them decide if they will loan you money, what interest rates they will offer you. Lenders also use your credit report to determine whether you continue to meet the terms of an existing credit account.

Request Your Free Credit Report: Online: Visit AnnualCreditReport.com. By Phone: Call 1-877-322-8228. For TTY service, call 711 and ask the relay operator for 1-800-821-7232.

You can get a free credit report from each of the three big credit agencies: Equifax, Experian, and TransUnion. With the exception of Experian, you will be charged a fee if you want to see your actual credit score. The good news is that you may be able to get your score for free from a bank or credit card issuer.

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