Consumer Credit Reporting

Learn how soft pull credit checks work and why they don’t impact your credit score. Get the facts on soft vs. hard pulls and how they affect consumers and businesses.

When evaluating the creditworthiness of a business, especially a small or closely held one, it’s often not enough to just look at the company’s business credit profile. That’s where a Business Principal Report comes in.

When it comes to lending decisions, credit reporting is a critical tool in assessing risk and determining creditworthiness. For small business loans, equipment financing, and many other forms of commercial credit, lenders and brokers often rely not on one—but two—types of credit reports: consumer and business credit reports.

In the world of data services, it’s easy to get lost in the overlap between tools used for collections and those used for underwriting. One example often referenced in collection circles is TransUnion’s TLOxp®, commonly referred to as “TLO.” This is a product worth understanding—especially as lenders evaluate which types of data are appropriate for their specific use cases, particularly around identity verification and fraud prevention.

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. 

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

Liens, judgments, and bankruptcies affect borrower creditworthiness, and Soft Pull Solutions helps lenders identify these risks early.

Learn more about what VantageScore 4.0 is, including information about its advanced analytics and best practices for lenders to make optimal credit decisions.

Explore TruVision credit reports, revolutionizing risk management for lenders and borrowers. Discover benefits, from balancing risk to empowering borrowers.

Navigate medical collections' impact on credit reports with precision. Soft Pull Solutions offers tools, dispels myths, and empowers lenders.