Titan Consulting

MAY 17, 2020

Rent, home payments, utilities such as gas, water, electric, and even things like cable or other on-time payment history can be used by credit bureaus to create a reliable credit score from which they can underwrite credit. What lenders use alternative credit data to grant credit?

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Collection Industry News

MARCH 7, 2022

More than half of the debt that appears on credit reports as being in collection stems from medical bills, the agency found. Unpaid medical bills became a bigger concern during the pandemic, and now, a federal consumer agency is considering whether those debts should be banned from consumer credit reports.

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Better Credit Blog

DECEMBER 18, 2020

While you may have applied for a loan from a popular lender or bank, their name isn’t necessarily the one that will appear on your credit report. Instead, banks, lenders, and other financial institutions turn to consumer credit reporting companies like CBCInnovis to vet applicants. Let a Credit Repair Company Help.

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Credit Corp

MAY 30, 2023

For example, if you fail to pay a debt, the lender can take you to court. Ultimately, if you don’t pay a debt , the lender or bill collector can file a lawsuit against you to recoup the money. The Consumer Credit Protection Act caps these types of garnishments. What Is a Judgment on a Credit Report? Property liens.

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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. Hard Inquiries. A hard inquiry is more invasive. Charge-offs.

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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. Hard Inquiries. A hard inquiry is more invasive. Charge-offs.

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Titan Consulting

MAY 10, 2020

The new FICO XD scoring model retrieves information from sources like the National Consumer Telecom and Utilities Exchange to collect data on payments to utility, cell phone service, internet, and cable television providers and uses the payment history data from these and other sources to build a credit score.

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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

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. Charge offs. Debt in collections.

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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

MAY 12, 2022

For years, civil judgments appeared on the public records section of your credit report, pulling down your credit score just like bankruptcy or charge-off would. Now, through the NCAP, Experian, TransUnion, and Equifax have stopped including civil judgments in your credit report. Here are some strategies I suggest.

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Credit Corp

JUNE 3, 2020

The Consumer Credit Protection Act caps these types of garnishments. These liens notify lenders of the creditor’s rights to your property. For a more permanent solution, you may want to consider filing bankruptcy. Speak with a bankruptcy lawyer to learn whether this will help your situation. Property liens.

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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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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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Troutman Sanders

APRIL 18, 2022

Federal Activities: On April 14, the Consumer Financial Protection Bureau (CFPB or Bureau) published a report titled, “ Student Loan Borrowers Potentially At-Risk when Payment Suspension Ends.” In the post, the CFPB argues that certain private education loans can be discharged in bankruptcy. For more information, click here.

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True Accord

APRIL 5, 2023

Directly impacting creditors and debt collectors, a January ruling from the District Court of Puerto Rico found that sending debt collection communications prior to any knowledge of a debtor’s bankruptcy filing is not a violation of the Fair Debt Collection Practices Act (FDCPA). consumer credit card debt has increased to nearly $1 trillion.

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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. Bankruptcy.

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Better Credit Blog

JANUARY 20, 2022

You can use several methods: Consumer credit counseling. Bankruptcy. If you have no other recourse, bankruptcy is the ultimate solution to debt. However, it can have a devastating impact on your credit rating, and you’ll need to prove that you have no possibility whatsoever of paying off what you owe.

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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. Ask Lex Law for Help. Charge-offs.

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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. Bankruptcy.

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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. Bankruptcy.

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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. You may want to work with a credit repair company. Charge-offs. Debt collectors. Foreclosure.

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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

JANUARY 17, 2023

On January 11, the Consumer Financial Protection Bureau (CFPB) proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, such as bankruptcy rights, liability amounts, or complaint rights.

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Better Credit Blog

APRIL 6, 2022

Since you are more of a participant in the process, you’ll have a better understanding of your individual situation when you reach out to a credit repair company. Doing this typically requires a copy of a credit report from each credit bureau — TransUnion, Experian, and Equifax. What can credit repair companies not do?

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