Credit Corp

DECEMBER 21, 2020

Promotional soft credit checks. For example, if you receive a mailing from a personal loan or credit card company stating you have been prequalified for potential credit, that company has probably run a soft check. Soft vs. Hard Credit Checks. Soft credit checks are different from hard inquiries.

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Fico Collections

DECEMBER 4, 2020

To further enhance flexibility and predictive power, the addition of FICO® Score 10 T incorporates trended credit bureau data. These in-depth insights can help lenders expertly manage credit risk in these uncertain times, while continuing to make competitive credit offers to consumers. .

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Credit Unions Credit Unions Credit Bureau Lender 52

Titan Consulting

MAY 17, 2020

Alternative credit sources that do not report to the credit bureaus can include payments for rent, utilities, service accounts, and personal loans. Rent Bureau , now owned by the credit bureau Experian, electronically compiles rental data from property management companies and individual landlords.

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Titan Consulting

MAY 24, 2020

Credit bureaus measure variables related to your debt like the total amount of your debt, if you make your debt payments on time, how long you have been paying on debt obligations and how much debt you are servicing relative to how much potential debt has been extended to you. Reporting occurs only if the account goes into default.

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Credit Corp

MARCH 22, 2021

Stringent data protection laws are another reason why credit organizations don’t share your credit report with credit bureaus outside the country. This gap in communication between two credit bureaus from different nations creates a barrier to transfer your credit score abroad.

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Credit Corp

JANUARY 7, 2021

How much debt does the average person owe? . According to credit bureau Experian’s 2019 Consumer Credit Review , we are accumulating debt at an average of 3% per year.

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Better Credit Blog

MAY 4, 2022

These include transferring all your debt onto just one credit card as well as taking out a secured or unsecured personal loan—perhaps with the help of a professional debt consolidation company. HELOC loans are similar, except that you can continue to draw money from them—up to a set amount. Credit card 3.

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Collection Industry News

JANUARY 12, 2023

Credit card balances reached a record-setting $866 billion in the third quarter of last year, which represents a year-over-year increase of 19%. Credit balances reached a record-setting $866 billion in the third quarter of last year – and they are expected to keep climbing, the report from TransUnion said.

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Credit Corp

MAY 10, 2023

A hard inquiry is a credit check that occurs when a lender or creditor reviews your credit report as part of a credit application or loan. Hard inquiries are sometimes called “hard pulls,” and they typically occur when you apply for a new credit card, a personal loan, a mortgage, or other types of credit.

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Better Credit Blog

APRIL 11, 2022

While it doesn’t usually affect your credit score , you may want to correct information with the credit bureau if an employer you’ve never worked for is listed. Phone Numbers: You’ll see phone numbers associated with your credit accounts. Student Loans. Auto Loans. Credit Cards.

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Credit Corp

JUNE 12, 2023

There isn’t a right or wrong answer regarding how many credit cards somebody should have — it all depends on your money management skills and finances. Some people may be able to manage two credit cards, while others may be comfortable with 10 or more. Find a way to increase your credit mix.

Student loans 97

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Collection Industry News

MARCH 30, 2025

These levels refer to the total amount of money owed by individuals to creditors and encompass various forms of credit, including credit card debt, personal loans, mortgages, and auto loans which can significantly impact financial stability and economic conditions. increase compared to the fourth quarter of 2023.

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Fico Collections

MAY 23, 2022

Finding a way to score millions without credit history. Círculo de Crédito , the fastest-growing credit bureau in Mexico, has used unique credit risk scores from FICO to boost financial inclusion in Mexico and help an additional 20 million citizens access credit.

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Fico Collections

OCTOBER 28, 2022

Interest rates in Canada increased notably in 2018, impacting consumers across the board, but particularly those with interest rate-sensitive products such as lines of credit, and variable rate personal loans and mortgages.

Credit Card Debt 52

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Fico Collections

JUNE 20, 2022

In our last blog post , we discussed key considerations in the impact to the FICO® Score of Buy Now, Pay Later (BNPL) accounts being included in the consumer credit file based on our research on data from a major BNPL provider in the U.S. personal loans and credit cards) reported in the credit file.

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Loans Consumer Credit Credit Bureau Personal loans 52

Better Credit Blog

APRIL 1, 2022

If you find an inaccuracy, dispute the entry with the credit bureau that’s reporting inaccurate information. The bureau will have 30 days to verify its information is accurate. If it’s inaccurate, the bureau will need to either correct the data or remove the entry in accordance with the Fair Credit Reporting Act.

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Better Credit Blog

AUGUST 24, 2021

You probably hear all the time about how important a good credit score is. You’ve likely also heard that a good credit score is essential to getting a mortgage, or a good deal on a personal loan for a car. But what exactly is your credit score, anyway? And what even constitutes a “good” credit score range?

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Credit Corp

APRIL 11, 2023

The three-digit numbers called credit scores are how the scoring institutions break down your credit profile. That number is calculated based on the information in your credit report at a credit bureau. Your file is a picture of how you’ve used credit to date. credit score for free for life.

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Better Credit Blog

APRIL 5, 2022

The Fair Credit Reporting Act (FCRA) requires credit reporting agencies to show only accurate information about your credit history. If you can find inaccurate information, the credit bureau will have to fix the information. When you apply for new credit, lenders know your old lenders lost money on your accounts.

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Credit Corp

MARCH 4, 2025

Find out about the origin of the debt, such as credit cards, medical bills , or personal loans. This documentation can be helpful if you need to dispute charges or escalate a dispute to a credit bureau or a consumer protection agency.

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