Lenders pay a fee for each credit report requested.

Name: Lenders pay a fee for each credit report requested.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Lenders are required to pay a fee to credit bureaus for each credit report requested. This fee covers the expenses associated with obtaining and maintaining the report, as well as ensuring its accuracy and completeness. This fee may be passed on to the borrower or incorporated into the overall cost of the loan.

Lenders Pay a Fee for Each Credit Report Requested