When you check your credit, it’s important to not just obtain a credit report from one bureau. There are three major credit bureaus: Experian, TransUnion, and Equifax. Your reports at each bureau may not always have the same information, typically due to inaccurate data or the timing of the bureaus’…
When a company reviews your credit, a soft or hard credit inquiry will be performed. The type of inquiry performed can affect your credit. So, it’s important to know the which is being pulled. Soft credit inquiries Soft inquiries do not affect your credit and only you can see soft…
If a credit card issuer seeks to reduce its risk with a cardholder, the issuer might opt to “balance chase” the customer by lowering the cardholder’s credit limit as the balance is paid down. Impacts of balance chasing If the cardholder was relying on the lost credit line for an…
Your middle score is typically used by mortgage lenders when determining your mortgage eligibility. To obtain your middle score, your lender will obtain a credit score from each of the three major credit bureaus (Experian, TransUnion, and Equifax). Of those three scores, your middle score is the second-highest (middle) score.…
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 back…