Credit Reporting Policy
USE OF CREDIT PROFILE FOR IDENTITY VERIFICATION
By either checking your rate or submitting a loan application, you are certifying that you understand the services being requested are regulated by the Fair Credit Reporting Act and that permissible purpose is required. Any special procedures established by Stilt Inc.("Stilt") for obtaining your authorization to receive information from your personal credit profile from Experian have been met. Furthermore, you certify that you have initiated a transaction with Stilt, and that the services being requested will be used solely to confirm your identity to avoid fraudulent transactions in your name.
>CONSUMER CREDIT INQUIRIES
We may request consumer reports on you in connection with your application for credit and subsequently in connection with any extension of credit, update, renewal, review or collection of your account or any other lawful purpose.
When you submit your loan application, we may conduct a credit inquiry (known as a “hard credit pull” or “hard credit inquiry”), a standard step in most loan applications. This inquiry will be recorded on your credit history and may impact your credit score. You understand by entering your Social Security number on the “Review” page and clicking “Submit Loan Application” you are providing written instructions to Stilt under the Fair Credit Reporting Act, which authorized Stilt to obtain information from your personal credit profile and/or other information from Experian. Upon your request, we will inform you of the name and address of any consumer reporting agency from which we obtained your consumer report.