Better Credit Blog

AUGUST 21, 2020

But what score do lenders consider to be good? If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Can You Get a Loan Approval with a 560 Credit Score? Repossessions. The issues above can hinder your access to both revolving lines of credit and installment loans.

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Better Credit Blog

DECEMBER 23, 2020

Applying for loans or credit cards can lead to a hard inquiry on your credit report. If you go online to check your credit score, submit to a background check, or get pre-approved for a credit card or loan, your credit report undergoes a soft credit pull. Have you recently discovered an entry from CitiCards CBNA on your credit report?

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Better Credit Blog

NOVEMBER 19, 2020

A soft pull happens when you go online to check your score, compare quotes for a loan, or get pre-approved for offers. It occurs when you complete the application process for a loan or a credit card, allowing the lender to see your actual credit report. Repossession. A hard pull is more invasive. Charge offs.

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Better Credit Blog

AUGUST 7, 2020

Whether you’re in the market for a mortgage, auto loan, or credit card, your application can result in a hard inquiry on your credit report, which can damage your credit score for years. Synchrony offers several financial products, from CDs, MMAs, and IRAs to credit cards and loans through partnerships with other lenders.

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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. 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. Repossessions. Hard Inquiries. Charge-offs. Foreclosure.

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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. 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. Repossessions. Hard Inquiries. Charge-offs. Foreclosure.

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Better Credit Blog

DECEMBER 31, 2020

This type of inquiry gets added to your report whenever you apply for a credit card, line of credit, or loan. Hard inquiries are a necessary step for securing credit cards and loans. Whenever you submit an application, you’re authorizing the lender to obtain a copy of your credit report(s). Repossessions. Late payments.

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Better Credit Blog

DECEMBER 28, 2020

It’s likely on your report because you applied for a car loan through Wells Fargo. Auto loan applications can lead to hard inquiries on your credit report, which may impact your score slightly. When you apply for an auto loan, even if you end up choosing a different lender’s offer, your credit report will undergo a hard inquiry.

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Better Credit Blog

DECEMBER 31, 2020

A hard inquiry is simply a way for a lender to check your credit reports before approving your application. A hard credit check lets the lender see your full credit report, which can give them insight into your history as a borrower. Repossessions. Stay up-to-date on credit card/loan payments. Late payment history.

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Better Credit Blog

JANUARY 21, 2021

It offers a range of products, like MMAs, IRAs, CDs, loans, and credit cards. Anytime you apply for a card, the lender requests access to at least one, and sometimes all, of your credit reports. Hard inquiries also happen when you apply for a loan or line of credit. Pre-qualify for a loan offer. Property repossessions.

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Better Credit Blog

JANUARY 6, 2021

Hard inquiries let lenders obtain your credit report(s). As such, this type of inquiry happens when you apply for credit cards, as well as loans and lines of credit. It differs from a soft inquiry, which occurs when you check your score, pre-qualify for a loan, or compare quotes. Repossessions. Call in the Experts.

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Better Credit Blog

DECEMBER 30, 2020

Most of the time, a hard inquiry from a lender or service provider is nothing to panic over. When you get pre-qualified for financing from Dell or any other lender or creditor, all that’s involved is a soft inquiry. They take place when you go beyond rate shopping and pre-approval and actually apply for a loan or card.

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Better Credit Blog

DECEMBER 31, 2020

Project Loan. When you apply for any one of these cards, loans, or credit accounts, you authorize Citibank to run a hard credit check. If you took it a step further and applied for a card or loan from the retailer, the THD/CBNA entry on your report is a hard inquiry. Repossession. Commercial Revolving Charge Card.

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Better Credit Blog

DECEMBER 28, 2020

CitiBank is a sizable national bank that offers a full array of banking services, loans, credit cards, and investment services. Try to get pre-approved for a loan or a credit card. They’re used any time you actually apply for a new loan, credit card, or line of credit. Repossessions. That’s the case with Citibank, too.

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Better Credit Blog

NOVEMBER 30, 2020

Once you move on from comparing offers to actually applying for a card or loan, your credit report (s) will undergo a hard inquiry. This type of inquiry is more exhaustive and gives your prospective lender access to your entire credit report. To reduce the impact on your score, you should limit your credit card and loan applications.

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Debt Free Colorado

MARCH 3, 2023

For ten years after filing for bankruptcy, lenders will be more reluctant to extend credit, and it may even be challenging to get employment. A court judgment that states that a person is not required to pay back some debts is given to those who abide by the bankruptcy laws and are granted a discharge. What Can’t Bankruptcy Do?

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Better Credit Blog

OCTOBER 21, 2020

TU Interactive is most likely on your report because it was used by a lender or creditor in their vetting process. A soft pull might be done when you consent to a background check or get quotes for loans. When you actually apply for say, a car loan, mortgage, or store credit card, it results in a hard pull or inquiry.

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Better Credit Blog

DECEMBER 29, 2020

A soft inquiry provides lenders with an overview of your credit, letting them pre-approve you for offers. On the other hand, hard pulls are used to approve your credit card, loan, and credit line applications. Lenders can obtain one, two, or all three of your reports when you apply for a card. Repossessions. Charge offs.

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Better Credit Blog

DECEMBER 28, 2020

Along with offering checking, savings, and investing accounts, it provides several loans and credit cards. A potential lender pre-approves you for certain offers. When you apply for a mortgage, loan, or credit card, you’ll have to consent to a hard inquiry. Repossessions. Wells Fargo is one of the nation’s leading banks.

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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. Repossessions.

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Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. This Bulletin serves as an update to that non-exhaustive compilation of information.

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BN Lawyers

MARCH 23, 2020

Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy. High Priority: Critical Vendors, Secured Lenders, and Lessors.

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Better Credit Blog

DECEMBER 8, 2020

When BP SYNCB winds up on your credit report, it’s most likely as a hard inquiry, which occurs when you apply for new credit cards or loans. A hard inquiry allows lenders to look at your credit report to get an idea of how you manage credit. Repossessions. Has a new entry from BP SYNCB lowered your credit score? Hard Inquiries.

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Better Credit Blog

NOVEMBER 30, 2020

Credit card and loan applications aren’t the only things that require a hard inquiry. A soft inquiry could also happen when you get quotes for a loan or credit card. Hard inquiries are more invasive than soft inquiries, allowing lenders or businesses to obtain your full credit report. Repossession. Credit card.

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Better Credit Blog

DECEMBER 9, 2020

Hard inquiries happen whenever you apply for funding from a bank, retailer, or lender. These credit pulls let lenders, landlords, and employers take an in-depth look at your credit usage, granting them access to your full credit report. This guarantees that your interactions with the bureau and lenders are well-documented.

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Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. An investigation by ProPublica found that court judgments in debt collection lawsuits were twice as high in black communities compared to mostly white neighborhoods.

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Better Credit Blog

JANUARY 5, 2021

Did you apply for a Home Depot credit card, loan, or credit account? When you apply for a card or loan from The Home Depot, you’re actually applying with Citibank. Project Loan. Credit checks allow prospective lenders, banks, employers, and landlords to see your credit reports. Repossession. Commercial Account.

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Better Credit Blog

JANUARY 5, 2021

Did you apply for a Home Depot credit card, loan, or credit account? When you apply for a card or loan from The Home Depot, you’re actually applying with Citibank. Project Loan. Credit checks allow prospective lenders, banks, employers, and landlords to see your credit reports. Repossession. Commercial Account.

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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. A hard inquiry can be prompted by an application for a credit card or loan, or in some cases a rental application. Repossession. HARD CREDIT CHECK. Charge-offs. Foreclosure.

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Better Credit Blog

JANUARY 5, 2021

Whenever you apply for a loan or a credit card, it leads to a hard inquiry like the one featured in your report. A hard inquiry could impact any of your credit scores, as some lenders only rely on one or two reports while others utilize all three. Repossessions. How to Get CCB/LNDINGCL off Your Credit Report. Late payments.

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Better Credit Blog

DECEMBER 2, 2020

For instance, whenever you check your score with a credit monitoring site or get pre-approved for loan offers, a soft inquiry takes place. This gives lenders a clearer idea of how responsibly you use credit and aids them in the decision-making process. Additionally, don’t apply for cards or loans you aren’t likely to be approved for.

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Better Credit Blog

JANUARY 29, 2021

Any time you apply for new credit, like a card, loan, or line of credit, the lender might run a hard credit check. Hard inquiries operate completely differently than soft inquiries , which happen when you view your credit score, pre-qualify for a loan/card offer, or go through a background check from an employer or landlord.

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Better Credit Blog

FEBRUARY 15, 2021

Education loans, tuition, fines and fees. Mortgages and loans. 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. Repossessions. Self-pay collections. Parking tickets. Government fines and fees. Utility bills. Checking and savings.

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Better Credit Blog

JANUARY 27, 2021

Pre-qualification for a loan or credit card. Rather than verifying your score, they let lenders and service providers see your credit reports in their entirety, giving them a comprehensive look at your credit history. A credit report with several hard inquiries at once can signal financial instability to potential lenders.

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Better Credit Blog

OCTOBER 28, 2020

When you apply for a credit card or loan, it can lead to a hard credit check, which lowers your score. When you check your own credit score or try to get pre-approved for a loan or card, your report undergoes a soft credit check, which doesn’t impact your score. Repossessions. Charge off. Collections entry. Foreclosure.

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Better Credit Blog

JANUARY 14, 2021

They differ in a few key ways, starting with what prompts them: Soft Credit Check: Occurs when you check your score, get pre-approval for a loan/card, or get screened for a job or new home rental. A hard inquiry lets a lender, in this case, Credit First National Association, access your credit report(s). Repossessions.

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Better Credit Blog

DECEMBER 23, 2020

Whenever you apply for a line of credit, credit card, or loan, the lender will likely obtain your credit report as a means of vetting you. These inquiries are a basic requirement for getting approved for new loan and credit offers. Repossession. As a result, a hard inquiry will be added to your credit report. Charge offs.

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