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If you run a business that touches consumer credit data—whether you’re a small auto-dealer, a fast-growing fintech, or an enterprise lender—questions about data privacy and security arrive early and often.  One term you will inevitably encounter in that conversation is SOC II. Search trends show that many owners type “Do I need SOC II certification?” into Google right after the ...

The cost of elective healthcare—think dental implants, orthodontic braces, dentures, LASIK eye surgery, or popular plastic-surgery “mommy make-overs”—rarely fits inside an insurance policy.  For patients, that can mean thousands (sometimes tens of thousands) of dollars in out-of-pocket expenses. For providers, it can mean stalled treatment plans and lost revenue. A new financin ...

Permissible Purpose and Soft Credit Pulls: A Modern Solution for Financing and Term Lending. As the landscape of longer term financing continues to evolve, lenders and dealerships are turning to innovative solutions that enhance the customer experience while maintaining compliance and minimizing risk. 

For businesses that handle sensitive customer information, staying compliant with data privacy laws is paramount.  At the same time, soft credit pulls have become an indispensable tool for businesses across various industries—from financing to tenant screening and beyond. But how does data privacy intersect with soft credit pulls?  This blog post will demystify soft credit pull ...

When it comes to making informed business decisions, having access to accurate credit information is critical—but not all credit checks are created equal.  Unlike hard credit pulls, which affect the subject’s credit score, soft pull credit checks provide a full credit report and score without harming the consumer. This makes soft pull credit checks a game-changer for many indus ...

When it comes to accessing someone’s credit report, it’s not as simple as just being curious or having a business interest. The Fair Credit Reporting Act (FCRA), a federal law in the United States, strictly governs who can obtain a credit report and under what circumstances. The concept of “permissible purpose” is central to these regulations, and anyone considering pulling a credit report must understand what qualifies and how to ensure they’re compliant.

Merchant Cash Advance (MCA) companies face distinct challenges. From ensuring applicants have the financial stability to repay advances to quick decision-making, staying competitive depends on efficient processes and reliable data.  That’s where UCC (Uniform Commercial Code) reports come into play. UCC reports provide essential insights into a borrower’s prior financial agreeme ...

Navigating bankruptcy cases is no easy task. Bankruptcy attorneys must gather extensive financial information to ensure their clients are treated fairly and creditors are properly accounted for. One critical piece of this puzzle is obtaining accurate and reliable creditor information.  This is where soft pull credit reports can make all the difference. For bankruptcy attorneys, ...

Credit reporting is essential for automotive title refinance companies. Learn how accurate credit assessments, risk management, and customer trust can be improved.

Discover the components of industry-specific FICO scores and how they provide lenders and brokers with precise borrower insights.