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Credit Plus, Inc. Instructs Lenders on Protecting Consumer Credit Data

March 16, 2011

Salisbury, Md. - Credit Plus, Inc., a leader in the credit information industry since 1928, is reminding mortgage lenders about the critical need to ensure that consumers’ credit data is protected at all times.

“Credit Plus has been a pioneer in implementing policies and procedures that safeguard consumers’ personal information. We continuously strive to ensure that the mortgage professionals we work with adhere to the same stringent data protection measures,” said Greg Holmes, National Director of Sales and Marketing for Credit Plus.

The Fair Credit Reporting Act requires credit reporting agencies to protect the security, confidentiality, and integrity of information contained in consumer reports. This includes taking steps to ensure that the mortgage lenders who are their customers also are adequately protecting consumers’ personal data.

Credit Plus has been an industry leader in this effort, establishing controls and follow-up procedures that enable the company to enhance downstream data protection. Credit Plus developed these security measures in conjunction with its own partnership and service agreement with the three major credit repositories, Equifax, Experian, and TransUnion. The company also clearly explains its security requirements in its own service agreement with mortgage lenders, and offers training on security best practices to its customers.

The Federal Trade Commission recently issued a statement emphasizing the importance of credit reporting agencies taking all necessary steps to protect consumers from the risk of data security breaches and identity theft. Notice of the FTC’s Proposed Consent Agreement was published in the Federal Register on February 9: 76 FR 7213-7216 (2011-2-9). This follows suit with the FTC’s Red Flag rules which went into effect last year.

“Credit Plus understands that going the extra mile to protect consumers’ personal information is always the right thing—and the smart thing—to do. Everyone benefits from the stringent requirements we have put in place: Credit Plus, the mortgage professionals we serve, and their customers. We will remain vigilant to protect the integrity of consumers’ data every step of the way,” Holmes said.

Please contact Credit Plus for more information about the company’s industry-leading commitment to data security. Call 800-258-3488 or email beyondbundled@creditplus.com.

About Credit Plus, Inc.
Credit Plus, Inc., a leader in credit information services, is dedicated to providing mortgage professionals with an unsurpassed level of service and technology. Headquartered in Salisbury, Md., the company provides quality products and services to a variety of clients nationwide.

Credit Plus provides lenders and brokers the best tools and support to close more loans faster and cheaper. It recently introduced Ariston, a company located in Pittsburgh, which offers the best in title and settlement/closing solutions nationwide.

Credit Plus and Ariston go BEYOND BUNDLEDTM by combining key settlement services, such as credit reports, flood reports, title insurance, AVMs, Warranted AVMs, tax return verifications and more, with stellar customer service.

For more information, please call Credit Plus at 800-258-3488, email beyondbundled@creditplus.com or visit the company’s website at www.creditplus.com.

For more information on Ariston, please call 800-569-9951, email aristonsales@aristonthebest.com or go to www.aristonthebest.com.