Can Veracity do a Rapid Rescore?
Rescoring is a fundamentally different service than Veracity’s program. Rescoring happens at the reseller level, and must be paid for by the loan officer. The value of rescoring is timing, but the requirements and cost are usually prohibitive. Rescoring provides a guaranteed response of a line-item change within 5 days. Required for each tradeline and each bureau, are documents from the source outlining changes that will be made. Rescoring accelerates this process. However, without documentation a rescore request will be denied, and there are no guarantees that even with documentation, changing a tradeline will result in higher credit scores. Finally, with an average of $30+ per tradeline pre bureau, rescores should be used only in very specific situations. Veracity’s comprehensive program focuses on the entire credit report, and the credit bureau level. Many times, creditors or credit bureaus are hesitant to take responsibility for the information they report, and will not provide the
