Credit Report Question

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This topic contains 3 replies, has 4 voices, and was last updated by  TTrumble 1 year, 1 month ago.

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    Hi, I’m hoping that Tim Trumble or someone else who has experience might be able to answer my question. Due to the Equifax credit breach last year, my husband and I decided to request a credit freeze with all three credit bureaus. We did request our free annual credit report for 2017 prior to doing so. I know that NACA requires a credit report. Would the one we currently have be sufficient? If not then I guess we would need to temporarily lift the freeze. Which of the three credit bureaus does NACA use when requesting credit reports – Equifax, Experian or Transunion? Thanks.



    To my knowledge it may not since that’s not the most current one and its currently 2018. My assumption would be because something could be on there that wasn’t like an account that went into collections. Not too sure which credit reports they use, this program is different. Someone who has already closed with them should be able to say what they did. Is there a way that you can unfreeze it?


    Hi, based on recent experience, I can tell you that you’ll need to unfreeze. They need a report that’s fresh, and the’ll need to pull again at least once during bank app and possibly more often if your intake takes a long time. I would suggest unfreezing the day before. Remember to keep you PIN numbers, or else you’ll need to do the unfreeze by mail. Good luck.



    Hello JHarris981,

    You will indeed need to remove the freeze until after you have closed on your home. Neither NACA or the bank will accept a credit report provided by you for the same reason that we cannot accept a transaction summary for your bank accounts instead of an actual statement. Very simply, it’s far too easy to edit, omit or alter the information and thus provide a falsified report. (Even though that’s a criminal act, some people will try it if they think they can get away with it.)

    NACA uses what is called a “tri-merge” report, which is an amalgam of the report from all three bureaus.

    The bank will pull their own credit report as one of the final items prior to giving the Clear to Close, so you will need to have the freeze removed for the duration of the process until you close.

    Tim Trumble
    Online Operations, NACA

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