- Single Bureau Report: This report provides information from a single bureau and typically costs eight to ten dollars.
- Three Bureau Merged Report: This report provides information from all three bureaus and typically costs twenty to thirty dollars.
- Standard Factual Credit Report: This is a more detailed credit report and costs forty to sixty dollars.
The Standard Factual Credit Report is prepared by a credit service bureau in your area, and is forwarded to both you and your loan officer. The local credit bureau will request your credit history from all three credit reporting agencies, edit those reports for currency and consistency, and blend them into a single document for delivery to the interested parties. They will begin this process only upon receipt of a consent form signed and dated by you at the time you file your application with a loan officer. There are several categories of information in the completed report:
- Identifying information
- Employment information
- Credit information
- Public records if any (tax liens, judgements, bankruptcy etc)
- Inquiries for your record by others
The following categories are NOT included in your report:
- Race
- Religion
- Health information
- Driving record
- Criminal record, if any
- Political affiliations, if any
- Income
