Posted by kikeroo on 2/20/07 11:26pm
Msg #176542

Signing Up-Setting Your Own Fees

I have searched the threads and can't find the particular one I remember seeing. I'm looking for what to do about dealing with the fee schedules companies have on their initial sign up. Obviously, some are so ridiculously low I wouldn't consider it. So do I still sign up and discuss the fee when they call me, or am I obligated to their fee by signing up...?

Reply by Patti Corcoran on 2/20/07 11:31pm
Msg #176546

I sign with the company but always put "negotiable" where their fee is. Either way, I usually negotiate every signing. Good luck.

Reply by ZeeCA on 2/21/07 12:29am
Msg #176552

I cross out any fee and initial in the paperwork as I do not want anything set in stone for later dates. When they call and say it is this fee, we discuss it and usually come to an amicable agreement.

you have to know what you are willing to charge for that particular signing and what you are willing to negotiate for. gl

Reply by TRG_wy on 2/21/07 8:10am
Msg #176574

Ditto.
I line through and initial any contract/agreement fee as well.
I also line through and initial any statement that reduces fee due to errors. Some of these can be $10, $20 or no fee paid at all.

You can and should be able to negoitiate (sp) all fees.

Reply by Laura Vestanen on 2/21/07 12:09pm
Msg #176594

Watch out for "authorization to check credit report" clause

A lender I've worked with for years sent me an "update" form recently.

In tiny letters was a statement that my signature allowed them to check my personal credit report whenever they wish. I lined through and initialed.

Since I never provide my social security number, I am not worried they will check it anyway: they can't. I only provide a TIN to companies.

Watch out for these clauses in "info" forms as well as contracts.

Reply by PAW on 2/21/07 4:36pm
Msg #176621

Re: Watch out for "authorization to check credit report" cla

You can still pull a credit report without a SSN. So providing your EIN isn't a stopper.

BTW, a TIN is a Taxpayer Identification Number, of which a SSN (Social Security Number) is one of 5 TINs. The following is an excerpt from the IRS:

Taxpayer Identification Numbers (TIN)

A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. It is issued either by the Social Security Administration (SSA) or by the IRS. A Social Security number (SSN) is issued by the SSA whereas all other TINs are issued by the IRS.

Taxpayer Identification Numbers

* Social Security Number "SSN"
* Employer Identification Number "EIN"
* Individual Taxpayer Identification Number "ITIN"
* Taxpayer Identification Number for Pending U.S. Adoptions "ATIN"
* Preparer Taxpayer Identification Number "PTIN"

Note: The temporary IRS Numbers previously assigned are no longer valid.

Reply by Laura Vestanen on 2/21/07 5:57pm
Msg #176636

Good point, Paul. And question...

I always learn from you, Paul.

Do you know what other information is used to pull a credit report so I can avoid giving my TCs and Lenders that info?

TIA!

Reply by PAW on 2/21/07 6:27pm
Msg #176640

Re: Good point, Paul. And question...

Credit reports can be pulled using the person's name, address and phone number. Of course, the SSN is the best way, since that reduces the false positives during the search, and that's why the lenders require it.

I suggest getting your own tri-merged credit report and review all the information in it. It may be enlightening. Then you can set out to have your files corrected! (A long battle, sometimes.)

Reply by kikeroo on 2/21/07 4:58pm
Msg #176627

Thanks all. n/m