Better Credit Blog

DECEMBER 2, 2020

Soft inquiries occur when you view your score, shop for quotes, or are pre-approved for a loan or credit card. A soft credit pull verifies your score without damaging it or leaving a lasting entry on your credit report. Lenders access your entire credit report from Experian, Equifax, TransUnion, or all three bureaus.

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Better Credit Blog

JANUARY 13, 2021

This inquiry could have been prompted by an application for a new job, rental home, or a loan. They run background checks on prospective employees, accessing documents like consumer credit reports to assess their financial responsibility. How Does a Data Facts Hard Credit Check Impact Your Report? Hard Credit Inquiries.

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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

OCTOBER 28, 2020

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. Credco primarily provides lenders with tri-merge credit reports, which are used for mortgage applications. Foreclosures. Charge offs. Late payments.

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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

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? How to Remove DFS/Webbank from Your Credit Report.

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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. Project Loan. With a hard inquiry, a lender might access one, two, or each of your three credit reports.

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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

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

JANUARY 29, 2021

Soft inquiries happen when you pre-qualify for a credit card or loan, compare quotes, check your score, or get vetted for a job or apartment application. HARD CREDIT CHECK. A hard inquiry can be prompted by an application for a credit card or loan, or in some cases a rental application. Foreclosure.

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Troutman Sanders

MAY 9, 2023

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. 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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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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Better Credit Blog

FEBRUARY 15, 2021

Though you may be unfamiliar with Fairway, the agency collects on a wide range of consumer debts, including the following: Health insurance billing and follow-up. Education loans, tuition, fines and fees. Mortgages and loans. Credit cards. Foreclosure. Self-pay collections. Parking tickets. Utility bills.

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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. Soft inquiries can be prompted by: Credit score check. Pre-qualification for a loan or credit card. These inquiries don’t do any damage to your score and don’t get added to your credit report.

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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.

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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

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. 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. These borrowers will receive 100% loan discharges, resulting in approximately $55.6 million in relief.

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Better Credit Blog

JANUARY 5, 2021

Citi also offers personal loans, lines of credit, and mortgages, which can prompt a hard inquiry. 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 CBNA Sioux Falls Hard Inquiry Affect Your Credit?

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Better Credit Blog

JANUARY 5, 2021

Citi also offers personal loans, lines of credit, and mortgages which can prompt a hard inquiry. 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 CBNA Sioux Falls Hard Inquiry Affect Your Credit?

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Troutman Sanders

MAY 2, 2023

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. Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Dollar (USD) LIBOR after June 30. For more information, click here.

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