Soft Pulls

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.

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 ...

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.

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.