Does Paypal Credit Affect Credit Score PayPal does not affect your credit outright, though if you dig into their terms of service you may notice that they mention credit scores and reports. To be a smart consumer and know more about the platforms you’re using, you should know what PayPal does with your credit information. … Read more
Venmo Security Venmo is generally safe if you take certain precautions. Because the platform uses encryption to protect your personal information, Venmo can be safely used to send money to people you trust. However, your account could be vulnerable if you lose your phone, share your password or fall victim to a scam. Fortunately, the … Read more
Tradelines Like My Jewelers’ Club The tradelines like My Jewelers´ Club have been closed after September 2022 as the FICO 10 algorithmic model excludes entries from tradelines that were just selling a credit line in exchange for a membership fee. This exclusion also applies to other tradelines studied on our website such as the New … Read more
New Coast Credit Tradeline Newcoast Direct tradeline was reporting to the three bureaus as Major Financial and Carmel Financial. The same has happened with MyJewelersClub and Shop Simplio, because their reports are not considered for the credit reports after the rollout of the FICO 10 algorithm which was consolidated after September 2022. My Jewelers Club, … Read more
CENTCREDSERV Entry In The Credit Report The statement CENTCREDSERV in your credit reports belongs to the collection agency CENT Credit Services which handles collections and account receivables. They act like Integrity Solution Services, ERC, and Pinnacle and they mostly report through TransUnion. The company offers third-party debt collection services for credit cards, consumer loans, bad … Read more
Low Level Of Authentication Indicative Of ID Fraud Statement LOW LEVEL OF AUTHENTICATION INDICATIVE OF ID FRAUD is a message from Comenity when rejecting an application for a credit card for one of their retail business partners. You perform an application for a credit card and you receive a rejection letter from the issuer with … Read more
Shop Simplio Tradeline The Shop Simplio Tradeline was a scheme where Simplio granted a credit line to consumers to use in their store in exchange for the payment of a membership fee and purchase of their goods. Simplio sent the tradeline with the operation to at least one credit bureau and this incremented the credit … Read more
IBS CDV disputes: 1099-C With CITI and Dispute It typically happens in IBS CDV disputes with CITI, that we find an inaccurate line item, also called a tradeline, in our credit report. This happens after form 1099-C is issued. And the consumer receives the answer from the credit bureau that the creditor has verified that … Read more
Disp Invg Comp-Rpt By Grntr Tradeline There is a statement in Transunion credit reports that shows the following tradeline: DISP INVG COMP-RPT BY GRNTR which causes some concern in consumers. It means “Dispute Investigation Complete – Report by Grantor”. This statement has not appeared in Experian and Equifax reports, only in Transunion, as far as … Read more
In the process of conducting a criminal background check for potential hires, you may run across terms that aren’t part of your regular vocabulary. Is there a difference between being acquitted vs. not guilty? What do the words “disposition” and “sentencing” mean? What other disposition terms are important to know? Here’s a closer look at
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