As the popularity of Buy Now, Pay Later (BNPL) continues to grow, the three major credit bureaus (Experian, Equifax, and Transunion) want to see these accounts reported to consumers’ accounts so that lenders can see a more complete picture of consumers’ credit history. Buy Now, Pay Later loans are…
If you did not give permission to have a hard inquiry performed, you should first contact the company that performed the credit check and ask that they remove it from your report. The company might insist that they can’t remove it. They may even try to get you to…
When someone reviews your credit, it will be a hard inquiry or a soft inquiry. Soft credit inquiries Soft inquiries do not affect your credit and only you can see soft inquiries on your credit report. Hard credit inquiries Hard inquiries are viewable by anyone accessing your credit…
If someone is considering extending credit to you, they may view your credit report to analyze your credit history and determine how much credit they’ll extend. Why do variations of the term “credit inquiry” matter? Anyone accessing your credit report will be able to view not only your credit…
A secured credit card is a great way for someone to build or rebuild credit if they have a poor credit history or little to no credit history. The main difference between secured credit cards and unsecured credit cards is that a secured card is “secured” or backed by…