tillful

MARCH 15, 2023

For example, the credit reporting agency, Dun & Bradstreet , created an extension of the SIC system and uses it to define its customer’s business types. NAICS codes, on the other hand, are the standard used by federal agencies like the IRS. The NAICS goes beyond the four digits of the SIC system, with six digits.

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CreditStrong for Business

MARCH 10, 2023

Fortunately, there are ways to improve your overall credit profile to offset the adverse results that late payments have on your credit score. Equifax, Experian, and TransUnion, the three major credit bureaus, compile the data that creditors report. What Is Considered as a Late Payment?

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CreditStrong for Business

MARCH 8, 2023

The three major credit bureaus, Equifax, Experian, and TransUnion, must record hard credit inquiries or “hard pulls” on consumer credit files for two years. A credit reporting company must maintain the inquiry (entry) as part of the credit history unless it was fraudulently conducted.

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Fundera

JANUARY 25, 2019

Here’s where people often get confused: FICO isn’t actually a credit reporting agency. Using the information found in credit reports from the three main U.S. Remember, the FICO algorithm’s goal is to predict your future behavior with any type of credit, not just one.

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Fundera

SEPTEMBER 16, 2017

Here’s where people often get confused: FICO isn’t actually a credit reporting agency. Using the information found in credit reports from the three main U.S. Remember, the FICO algorithm’s goal is to predict your future behavior with any type of credit, not just one.

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Fundera

JULY 28, 2016

Here’s where people often get confused: FICO isn’t actually a credit reporting agency. Remember, the FICO algorithm’s goal is to predict your future behavior with any type of credit, not just one. After all, if you miss a few car payments, the lender can take your car away.

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Fundera

NOVEMBER 14, 2018

Instead, each borrower’s financial story is controlled by credit bureaus —the agencies that collect information about individual credit reports and summarize it on behalf of lenders. In general, borrowers are much more likely to be late on a credit card payment than they are on a mortgage or car payment.

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Fundera

AUGUST 3, 2016

The main three credit reporting agencies—Experian, Equifax, and TransUnion—each have their own proprietary method of collecting information about borrowers, meaning they can gather slightly different information at different times. After all, if you miss a few car payments, the lender can take your car away!

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