Quantum Mortgage

06/23/2025

Home Equity Loan

04/22/2025

Quantum Mortgage Credit Myths

Myth: All scores are the same.

Fact: Not all credit scores are created equal! The FICO® Score is what 90% of lenders use when determining loans and interest rates. Although many new score calculations have come out, the FICO Score remains the most established and well-respected among lenders.

04/21/2025

Quantum Mortgage Credit FAQ

How do I get a copy of my credit report?

Write or call the three major credit bureaus listed below. Include your name, address, telephone number, previous addresses (for the last five years), your social security number, and your date of birth. If you are married, be sure to include the same information for your spouse.

You may be charged a fee, unless your request comes within 30 days of having been denied credit on the basis of information contained in a report.

www.equifax.com
www.experian.com
www.transunion.com

Keep in mind that the three large bureaus do not necessarily share information with each other. The content of your credit report can vary across bureaus, so it's a good idea to request copies from each one.

Transunion offers total credit protection all in one place from credit score, credit report and credit alert. Check your credit score today from TransUnion!

04/17/2025

Quantum Mortgage Credit FAQ

What should I do if I find an error on my credit report?

Notify the credit reporting company immediately. If the company cannot confirm the information under dispute, it will be removed from your file and a corrected report will be sent to those parties you specify who have received your report within the past six months (or within two years if the party requested your report for employment purposes).

04/15/2025

Quantum Mortgage Credit FAQ

Where do the credit reporting companies get their information?

From parties that have previously extended credit to you, such as the department store that issued you a credit card or the bank that issued you a personal loan.

04/14/2025

Quantum Mortgage Credit FAQ

What type of information is on my credit report?

There are usually four types of information:

1. Identifying Information: Your name (including if you are a Sr., Jr., or a III), nicknames, current and previous addresses, social security number, year of birth, current and previous employers, and, if applicable, your spouse's name.
2. Credit Information: The accounts you have with banks, retailers, credit card issuers, and other lenders. The accounts are listed by type of loan (mortgage, student loan, revolving credit), the date you opened the account, your credit limit or the loan amount, any co-signers of the loan, and your payment pattern over the past two years.
3. Public Recording Information: State and county court records on bankruptcy, tax liens, or monetary judgments. (Some credit reporting companies list non-monetary judgments as well.)
4. Inquiries: The names of those who have obtained copies of your credit report within the last six months (two years for employment purposes).

04/11/2025

Quantum Mortgage Credit FAQ

What is a credit report?

A credit report is a record of your credit activities. It lists any credit card accounts or loans you may have, the balances, and how regularly you make your payments. It also shows if any action has been taken against you because of unpaid bills.

04/08/2025

Quantum Mortgage Credit FAQ

Who is allowed to see my credit report?

Credit bureaus (also called credit reporting companies) can provide information only to the following requestors: 1) creditors who are considering granting or have granted you credit; 2) employers considering you for employment, promotion, reassignment, or retention; 3) insurers considering you for an insurance policy or reviewing an existing policy; 4) government agencies reviewing your financial status in connection with issuing you certain licenses or government benefits; and 5) anyone else with a legitimate business reason for needing the information (such as a potential landlord).

Credit bureaus also furnish reports if so required by court orders or federal jury subpoenas and they will also issue your report to a third party if you give them written instructions to do so.

03/27/2025

Quantum Mortgage Credit FAQ

Where do the credit reporting companies get their information?

From parties that have previously extended credit to you, such as the department store that issued you a credit card or the bank that issued you a personal loan.

03/26/2025

Quantum Mortgage Credit FAQ

What type of information is on my credit report?

Inquiries: The names of those who have obtained copies of your credit report within the last six months (two years for employment purposes).

03/24/2025

Quantum Mortgage Credit FAQ

What type of information is on my credit report?

Public Recording Information: State and county court records on bankruptcy, tax liens, or monetary judgments. (Some credit reporting companies list non-monetary judgments as well.)