Better Credit Blog

DECEMBER 2, 2020

Hard inquiries happen once you apply for a credit card or loan, and sometimes when you submit a rental application or submit to a background check for a job. Lenders access your entire credit report from Experian, Equifax, TransUnion, or all three bureaus. Foreclosure. Hard Inquiries. A hard inquiry is more invasive.

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Fico Collections

JULY 15, 2022

As a data scientist working on credit models in the late 80s, it was a mission to help replace human bias with data-driven science. in 1989, it meant lenders of all sizes could leverage the technology of scoring and open up credit to consumers that they might not have lent to in the past. Hundreds of lenders in the U.S.

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Better Credit Blog

JANUARY 13, 2021

They run background checks on prospective employees, accessing documents like consumer credit reports to assess their financial responsibility. When you apply for a new job, the company’s HR team may turn to a company like Data Facts to gain access to your Equifax, Experian, or TransUnion credit reports. Hard Credit Inquiries.

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Better Credit Blog

DECEMBER 30, 2020

Wondering why DFS/Webbank showed up on your credit report? Most of the time, a hard inquiry from a lender or service provider is nothing to panic over. a revolving line of credit for financing Dell products. How Does a DFS/Webbank Hard Inquiry Impact Your Credit Report? Credit Karma. Credit Sesame.

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Better Credit Blog

FEBRUARY 15, 2021

If you are overwhelmed by dealing with negative entries on your credit report, we suggest you ask a professional credit repair company for help. Lenders and companies who provide you with paid services will attempt to reach you to collect payment on late accounts for a period of time. Foreclosure. Ask Lex Law for Help.

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Better Credit Blog

DECEMBER 31, 2020

Citi is a popular bank that provides credit cards for a wide range of retail stores like The Home Depot. With The Home Depot, in particular, Citi offers four credit options: Consumer Credit Card. When you apply for any one of these cards, loans, or credit accounts, you authorize Citibank to run a hard credit check.

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Better Credit Blog

NOVEMBER 23, 2020

While you might expect a credit check when you apply for a loan, many consumers don’t realize that background checks can result in a hard credit check as well. Lenders and service providers turn to companies like ACRAnet in order to obtain consumer credit reports to aid them in their approval process.

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Troutman Sanders

OCTOBER 4, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability.

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Better Credit Blog

DECEMBER 18, 2020

A soft inquiry or credit pull occurs when you take a look at your score online using a credit monitoring app , or when prospective lenders check your score to pre-approve you for certain loans or card offers. It allows lenders to gain access to your full credit reports from one or more of the credit bureaus.

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Better Credit Blog

OCTOBER 28, 2020

Is there a Credco credit inquiry on your credit report? Credco is an unfamiliar name to most consumers, but that doesn’t mean it isn’t legit. Short for CoreLogic Credco, it is a consumer credit reporting company. Corelogic Credco’s area of expertise is merged credit reports. Foreclosures. Charge offs.

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Better Credit Blog

JANUARY 27, 2021

RentGrow On Your Credit Report. RentGrow is an agency that obtains consumer credit reports for landlords. These inquiries don’t do any damage to your score and don’t get added to your credit report. A word of caution: While one credit inquiry is nothing to fret over, try not to stack up too many. Foreclosure.

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Troutman Sanders

JANUARY 11, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The PPP will open to all participating lenders shortly thereafter. You may access this interactive tool at [link].

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Better Credit Blog

JANUARY 5, 2021

Luckily, hard inquiries are some of the least significant credit entries. They’re required for getting new credit. As such, lenders don’t judge you too harshly for having a few inquiries on your report. Regardless of the reason, here are two ways you can get a hard inquiry off your credit report. Contact Citibank.

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Better Credit Blog

JANUARY 5, 2021

Luckily, hard inquiries are some of the least significant credit entries. They’re required for getting new credit. As such, lenders don’t judge you too harshly for having a few inquiries on your report. Regardless of the reason, here are two ways you can get a hard inquiry off your credit report. Contact Citibank.

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Troutman Sanders

AUGUST 1, 2023

On July 26, the CFPB published a blog focused on consumer credit scores. On July 25, a large credit reporting agency revealed to investors in regulatory filings that it’s facing a probe by the CFPB. For more information, click here. As part of the introduced public resolution, Councilmember Robert C.

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Better Credit Blog

JANUARY 29, 2021

Since they’re required for getting new credit, it’s okay to have an inquiry on your report. That being said, lenders might be discouraged from approving your application if your credit report is riddled with hard inquiries. Foreclosure. In addition to disputing hard inquiries, they can also assist you with: Bankruptcy.

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Better Credit Blog

JANUARY 29, 2021

If you are overwhelmed by dealing with negative entries on your credit report, we suggest you ask a professional credit repair company for help. How Does a Macys DSNB Hard Inquiry Affect Your Credit Report? Any time you apply for new credit, like a card, loan, or line of credit, the lender might run a hard credit check.

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Troutman Sanders

MAY 9, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan and would provide a framework for how these loans will be treated under the Truth in Lending Act. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

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Troutman Sanders

JANUARY 30, 2023

On January 25, the Consumer Financial Protection Bureau (CFPB) released a blog post on consumer credit score transitions during the COVID-19 pandemic. On January 24, the CFPB issued a request for information, seeking public input on how the consumer credit market is functioning. For more information, click here.

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Troutman Sanders

JULY 12, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On June 30, the CFPB released a blog post regarding trends of commercial reporting on consumer credit.

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Troutman Sanders

MAY 2, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” On April 27, the U.S.

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