Effective October 1st, 2006, the fee for an ARC Rapid Re-Score is $35 per bureau per borrower on each item. This is to maintain our superior service and our unmatched guarantee. Below is an example of how to calculate an ARC Rapid Re-Score fee. Though a trade line may be reported to all three bureaus, this does not indicate all three bureaus are reporting the incorrect information. Therefore, ARC will analyze the raw data reported by the bureaus on each file and only submit items that are reflecting the incorrect information. This process saves you and your borrower time and money.
Example:
Mr. Jones has one trade line that needs to be corrected at all three credit bureaus: Trans Union, Experian and Equifax.
Mrs. Jones has two trade lines that need to be corrected at two bureaus: Trans Union and Equifax.
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The mortgage lender has requested an ARC Rapid Re-Score for Mr. and Mrs. Jones. The total cost of this re-score service would be $245* (see below).
Mr. Jones: (3 bureaus x 1 trade lines x $35) = $105
Mrs. Jones: (2 bureaus x 2 trade lines x $35) = $140
Total Rapid Re-Score cost is $245
*This does not include the cost of the new credit report accessed following completion of the ARC Rapid Re-Score.
If you have any questions about calculating an ARC Rapid Re-Score fee or would like an ARC customer service representative to review the raw data for the best strategy, please contact our customer service department at 800-992-1058.
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