Quote Originally Posted by factorfinders View Post
I understand that lenders need to have a full picture of who refers them deals. However, will someone help me understand why a lender would require the authority to pull the ISO owner's personal CREDIT Report? Background report I understand, but credit report?

The lender insists that they don't pull credit, but when I crossed the authority out on the application it was rejected.

No big deal as we were just trying to add an additional C-D funder to our portfolio.

Appreciate the education, thanks.
Credit reports are apart of the background checks these days. Every Employer (for the most part) is pulling your credit after they make the decision to work with you as a direct hire or as a Partner. If one has bad credit, it can surely stop an Employer from hiring you as a direct hire, not sure if it will stop you from becoming a Partner or not, but it "could".