Common Questions

25
Jan
Hard vs. Soft Credit Inquiries Explained

Have you recently given a business permission to run a credit inquiry? Unsure of what a credit inquiry actually is? It sounds important because it is, and you want to make sure you choose the correct type of credit inquiry to maximize any kind of benefit. A credit inquiry, also known as a “credit pull” […]

Posted in: Common Questions, Credit Scores,
01
Feb
When Do Credit Card Companies Report Late Payments to Credit Bureaus?

It finally happened, the payment due date on your credit card came and went and you didn’t send it on time. It doesn’t really matter what the reason was – short on cash, on vacation, or just mentally out to lunch – it is now a late payment. So the questions start to swirl around […]

Posted in: Common Questions, Credit Cards, Credit Scores,
22
Jan
How Long Do Derogatory Marks Stay on Your Credit Report?

It’s happened to many of us at some point in our lifetime. We forgot to make the credit card payment, or ran into unexpected financial difficulty that made it temporarily impossible to pay all of our bills on time, or even experienced a collection, repossession, or bankruptcy. Even if it was as simple as being […]

Posted in: Common Questions, Credit Scores,
18
Jan
How Often Does Your Credit Score Update?

If you’re one of the millions of Americans working on improving your credit score, you probably already know how slowly it can tick upwards. Even by making regular on-time payments and using your credit responsibly, credit scores take a while to recover. Whether you’re trying to rebuild a low credit score, or starting from scratch […]

Posted in: Common Questions, Credit Scores,
18
Oct
How to Dispute a Credit Report?

A credit report is a record of your financial history, including your use of credit, your income, where you’ve lived, where you’ve worked, bankruptcies, defaults, foreclosures, and much more. It also contains your Social Security number and the account numbers for your credit cards, bank accounts, brokerage accounts, and mortgages. Sometimes, mistakes creep in, and [&h

Posted in: Common Questions, Credit Scores,