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What Is a Soft Credit Check?

Credit Corp

Whenever you apply for anything—a loan, credit card, etc.—the the lender will need to look into your credit report. Called a credit check, there are two kinds of credit checks—hard and soft. Each is used for different reasons and has a different impact on your credit score. Promotional soft credit checks.

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How Late Can You Be on a Car Payment, Mortgage or Other Bill?

Credit Corp

More than 10% of subprime auto loan customers were behind on payments by 60 days or more in early 2021. We’ll break down when a car payment is late, as well as other common loans, so you’ll be prepared to pay your loans on time. How Late Can You Be on a Mortgage Loan Payment? How Late Can You Be on Credit Card Payments?

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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

How Do Collection Agencies Operate and What Are Their Legal Rights Collection agencies in the UK operate within strict regulations, and their rights and powers are clearly defined by the law. Dispute the Error: Contact the credit bureau reporting the error and the collection agency.

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How Long Before Debt Collectors Sue? The Statute of Limitations on Debt

Credit Corp

The statute of limitations also depends on the type of debt that is owed—here’s a breakdown of the different types of debt : Written contracts: These are repayment term agreements that are signed by the borrower, like mortgages and loans. However, you do have the right to dispute errors on your credit report.