Credit Corp
MARCH 6, 2023
Portrait of a professional businessman standing in an office with colleagues in the background Businesses, lenders, landlords and even some employers use your credit score to determine your creditworthiness. The lower your credit score, the higher your auto insurance could be.
Credit Corp
JULY 1, 2024
Some people have one or two credit cards, while others have a full portfolio of credit cards, personal loans, and auto loans. Credit mix doesn’t make up a huge percentage of your score (10%), but it’s one of the factors used to assess your creditworthiness. This is known as a “hard inquiry” on your report.
Credit Corp
APRIL 28, 2025
Additionally, it was typically only lenders who requested this information when trying to evaluate a persons creditworthiness. Credit bureaus keep information on file for seven to 10 years, depending on the type of information. Back then, credit reporting was primarily done by local agencies.
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