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An application checklist should not become a script for changing facts
Preparing documents helps an applicant organize accurate information.
It does not justify replacing expenses or income with figures that make an offer look easier to obtain.
Unclear formats are questions for the authorized provider. The purpose of preparation is a faithful record, with acceptance remaining the provider's decision.
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Definitions
- Credit inquiry
- Request to access credit information; its visibility and consequences depend on the inquiry and local system.
- Prequalification
- Preliminary indication based on stated conditions, distinct from verified approval and a final agreement.