Credit Bureaus

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.

Why Do People Get Turned Down for Loans—Even With a High Credit Score?

It’s a frustrating experience: you’ve worked hard to build a strong credit score—maybe even 750 or higher—yet your loan application gets denied. How can that be? Isn’t a high credit score supposed to guarantee approval?

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.

How Does Debt-to-Income (DTI) Impact the Underwriting Process of a Finance Application?

When someone applies for financing—whether it’s a personal loan, mortgage, business line of credit, or equipment lease—one of the most important metrics lenders review is the Debt-to-Income Ratio (DTI).

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.

The three main credit bureaus are usually grouped together, but they are separate and independent entities that compete for the business of creditors, who can use credit reports and ratings provided by these bureaus to help them in making lending decisions.