What is Kroll Factual Data on credit report?

Kroll Factual Data (KFD) provides independent data verification and risk management services for lenders, banking entities, leasing agents, and landlords. KFD’s services offered include identity and income verification, credit and criminal history checks, ability to pay, and collateral fraud analysis.

Is Kroll Factual Data A consumer reporting agency?

Factual Data Credit Inquiry Factual Data Corp, or FDC, is a credit reporting agency employed by lenders to obtain potential borrowers’ credit reports from Experian, Equifax, and TransUnion. They may show up on your credit history as Kroll Factual Data, Inc or Kroll Factual Data.

Is Kroll the same as Factual Data?

Kroll will acquire Factual Data by merging a wholly-owned subsidiary of Kroll into Factual Data. As a result of the merger, Factual Data will become a wholly-owned subsidiary of Kroll.

What credit model does Factual Data use?

FICO® scoring
Credit scores on your Factual Data credit report are calculated using FICO® scoring models. Factual Data does not calculate your credit score and does not know specific reasons why your score is a certain number.

What is a factual data hard inquiry?

Factual Data provides credit check services for lenders. Factual Data is probably on your credit report as a hard inquiry. This usually happens when you apply for financing. If a Factual Data hard inquiry is on your credit report, it’s damaging your credit score (until it gets removed).

Is factual data accurate?

Factual Data is a leading provider of independent verification services to mortgage lenders, banks, credit unions, property management firms, and other businesses. Combining innovative services with cutting-edge technology and industry-leading customer service, Factual Data enables prompt, accurate decisions.

How can I remove hard inquiries?

If you find an unauthorized or inaccurate hard inquiry, you can file a dispute letter and request that the bureau remove it from your report. The consumer credit bureaus must investigate dispute requests unless they determine your dispute is frivolous.

What does Kroll Factual Data do?

Kroll Factual Data Inc. provides risk mitigation, credit reporting, and independent verification services. The Company offers credit and capacity, identity and investigation, collateral and property, and business and professional verification services.

What mortgage Company uses factual data?

Tier One Credit Provider – In addition to having a direct connection to Fannie Mae® and Freddie Mac®, Factual Data owns and operates our technology platforms enabling us to be nimble and responsive.

What Mortgage Company uses factual data?

How can I remove inquiries fast?

One way is to go directly to the creditor by sending them a certified letter in the mail. In your letter, be sure to point out which inquiry (or inquiries) were not authorized, and then request that those inquiries be removed. You could also contact the 3 big credit bureaus where the unauthorized inquiry has shown up.

How many points will my credit score increase when a hard inquiry is removed?

5 points
How Many Points Will My Credit Score Increase When A Hard Inquiry Is Removed? Your score will go up by around 5 points when a hard inquiry falls off after 2 years.

How to dispute a factual data credit report?

You have the right to sue credit reporting agencies that report false information. To dispute errors on your Factual Data Credit Report visit the Factual Data consumer assistance webpage. Here you can download the consumer request form. Fill out the form and send it either by mail or by fax.

Why did Kroll purchase records from LexisNexis?

The plaintiff claims Kroll purchases consumer records from LexisNexis to include in credit reports for mortgage loan applicants despite knowing of “the problems and failures of the LexisNexis record collection procedures” and without taking adequate steps to verify the accuracy of the reports.

What happens if a factual data report is wrong?

Under the Fair Credit Reporting Act (FCRA), credit reporting agencies like Factual Data must be sure that the information they report is accurate and up-to-date. Errors on your Factual Data reports cause you to be denied housing.

Is there a class action against LexisNexis factual data?

A class action alleges LexisNexis and Kroll Factual Data have failed to take reasonable steps to ensure the consumer reports they furnish and sell are accurate. New to ClassAction.org? Read our Newswire Disclaimer