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Notice of Credit Score Policy

Last Updated: February 15, 2025

To the Applicant:

In connection with your application for EQTY LYFE’s Home Equity Investment (HEI) product, EQTY LYFE (“we,” “us,” or “our”) is required to disclose the credit score provided by a consumer reporting agency that was used in evaluating your application. This notice also outlines the key factors that influenced your credit score.

1. About Your Credit Score

  • What It Is: Your credit score is a computer-generated summary based on your credit history and payment patterns at the time of your application. It reflects information maintained by consumer reporting agencies.
  • Why It Matters: While EQTY LYFE's HEI product is not a loan, your credit score and history are critical in determining eligibility and the terms offered to you.
  • Dynamic Nature: Credit scores may change over time due to updates in your credit behavior, changes in reporting practices, or advancements in scoring methodologies

2. Review Your Credit Information

We strongly encourage you to review the credit information provided by the consumer reporting agency for accuracy. Credit data can vary between agencies, and errors may impact your score.

Note: The consumer reporting agency did not participate in our decision-making process and cannot explain EQTY LYFE's specific determination regarding your application.

3. Questions?

  • About Your Credit Score: Contact the consumer reporting agency directly using the information above.
  • About EQTY LYFE’s HEI Product:
    • Phone: 123-456-7890
    • Email: [contact@eqtylyfecorp.com]

Key Compliance Features:

  • Aligns with FCRA requirements for credit score disclosure.
  • Clearly distinguishes the HEI product from traditional loans.
  • Provides actionable steps for applicants to verify credit accuracy.

Placeholders for Customization:

  • Effective date.
  • EQTY LYFE contact number and email.

This notice ensures transparency, empowers applicants to verify their credit data, and reinforces EQTY LYFE's commitment to fair lending practices.