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Online Credit Reports & How They Are Tracking Everything You Do

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Additionally, consumer reporting agencies can convince landlords, employers, banks, and insurance companies that their dossiers are necessary. In the version of the credit report you receive, your spouse’s name may appear, but not in the version shared with others. Mistakes Caused by Big Data are Bigger.

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How Long Do Hard Inquiries Stay on Your Credit Report—The Timeline Explained

CreditStrong for Business

These checks have no impact on your credit score, and the most common examples of soft inquiries include: Checking your personal credit report Checking performed as part of pre-employment background screening for potential new hires Inquiries performed by credit card companies for the purposes of marketing their pre-approval offers Checks performed (..)

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Ways Credit History Can Impact Everyday Life

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With auto loans and insurance, location matters. California, Washington, Hawaii, Massachusetts, Michigan, and other US states prohibit or strictly limit insurance companies’ power to use your credit information in determining your auto insurance rates. Scores of 629 and below are considered poor credit.

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How To Get a Car With No Credit or Cosigner

CreditStrong for Business

Credit unions are the best ones to shop around with since they’ll have lower credit rating requirements and may offer programs for borrowers with low credit scores. Credit unions also have lower interest rates most times. You can research which lender would be best for your credit situation.

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Retirement Plans in 2023: Choosing the Right Account

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Banks, insurance companies, and other financial institutions handle most of the work with payroll deduction IRAs. There may be a Saver’s Credit applicable to employee contributions Cons. Even so, most people don’t make that much of a contribution. If you’re over 50, you can put aside up to $7,500.

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Soft Inquiry vs Hard Inquiry: How They Affect Your Credit

CreditStrong for Business

A credit card company that intends to send you an offer. A car insurance company evaluating your risk. You checking your own credit. These inquiries do not affect your credit, but you may still wish to keep track of them. FAQs How Can I Minimize the Impact of Hard Credit Inquiries?