What Does Your TeleTrack Report Say About You?
Do you know what’s on your CoreLogic TeleTrack report?
Were you turned down for a payday loan or cash advance because of them? ]
Here’s what you need to know – and how to get a free TeleTrack report from CoreLogic…
TeleTrack (not TeleCheck ) is a consumer reporting agency (CRA), owned by CoreLogic. that’s payday lenders, cash advance sites, and rent-to-own companies use.
Your TeleTrack report tells lenders:
- How many payday loans you applied for
- How many loans you have out
- If you have any loan chargeoffs
- If you’ve been sued by landlords
- If you filed for bankruptcy
You may wonder…
“Will I Be Turned Down for a Loan Because of a Bad TeleTrack Report?”
If you defaulted on a loan before, some lenders will approve you – especially if it happened long ago and/or you eventually paid back the loan.
And if you filed for bankruptcy before, you’ll probably still get approved if you earn a steady income.
What About “No TeleTrack” Payday Loans?
They’re not direct lenders. They take your application and sell your confidential personal information to a bunch of lenders.
And the scary part is – you have no idea if it’s sold to honest lenders or shady offshore payday
lenders (which is more often the case.)
Most non-TeleTrack sites prey on people’s misconceptions.
Instead of risking getting scammed by a no teletrack cash advance site, get the best payday loan you can by applying with one of the honest, state-licensed lenders reviewed on this site.
TeleTrack Do’s and Don’ts
If you’re worried about being turned-down for loans because of Teletrack, follow these tips:
Tip #1 – NEVER apply for More Than One Loan at Once
Cash advance companies can see if you’ve applied for other loans (and if you have loans out.) Too many applications in a 30-day span looks suspicious.
Apply for one payday loan at a time, and only apply elsewhere if you’re turned-down.
Tip #2 – Give Accurate Information
Payday lenders will verify you are who you say you are using various databases.
So give them accurate employment information (including employment history), a correct phone number (i.e. if they ask for “home phone”, don’t list your cell phone number – unless it’s your only number) and a valid address.
How to Get Your TeleTrack Report
There are two ways to get it:
Next Step >> Check out our Payday Loan Reviews page to find out which lenders offer the fastest approvals, biggest loans and lowest rates (bad credit / TeleTrack issues ok)…Source: www.onlinepaydayloansreviewed.com
Category: Payday loans