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What Credit Bureau Does Home Depot Use In 2022? (Guide)
.svg){kind=logo} |
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Headquarters at the
American Express Tower |
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| Type |
Public |
|---|---|
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NYSE : AXP DJIA component S&P 100 component S&P 500 component |
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| Industry |
Banking Financial services |
| Predecessor |
Livingston, Fargo & Company Wells, Butterfield & Company Wells & Company |
| Founded |
March 18, 1850 ( 1850-03-18 ) , in Buffalo, New York , U.S. |
| Headquarters |
200 Vesey Street Manhattan , New York City , NY 10285 United States |
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Area served
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Worldwide |
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Key people
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Stephen J. Squeri ( Chairman & CEO ) Jeffrey C. Campbell ( Executive VP & CFO ) |
| Products |
Charge cards Credit cards Traveler’s cheques Corporate banking |
| Services |
Finance Insurance Travel |
| Revenue |
 US$ 43.66 billion (2021) [1] |
 US$4.3 billion (2020) [2] |
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US$8.06 billion (2021) [1] |
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Total assets |
US$188.55 billion (2021) [1] |
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Total equity |
US$22.18 billion (2021) [1] |
| Owner |
Berkshire Hathaway (18%) |
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Number of employees
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63,700 (December 2020) [2] |
| Website |
americanexpress.com |
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Footnotes / references [3] [4] [5] |
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Home Depot customers have the option to get a credit card for their store that offers a range of exclusive benefits as well as low prices.
Home Depot Will Use 2022 Which Credit Bureau?
Home Depot relies on the Equifax Credit Bureau, Experian Credit Bureau, and TransUnion credit agencies in the United States to determine if a customer is eligible for a store credit. The Home Depot system will automatically select one of these credit unions to pass a credit check through upon application. Customers typically need to have a minimum credit score of 640.
Does Home Depot Offer A Store Credit Card?
Home Depot customers can apply for a store credit cards.
Fill out the online application at HomeDepot.com. Or in-store at your local Home Depot. The following company credit cards are currently available:
Applicants will require their Social Security number, contact information, and other personal details, and need to meet eligibility requirements to be successful.
Home Depot Does a Hard Credit Check
Yes, Home Depot does complete a hard credit check on all store card applications.
Home Depot must verify the eligibility of each applicant for credit cards at the store. The company also conducts hard credit checks.
For a credit bureau, this means that you must submit your social security information and personal details to determine your current status.
Home Depot warns customers that they cannot apply for the store credit card before applying. Customers must also pass the credit checks.
Home Depot needs a certain credit score
Home Depot’s credit card is similar to other credit cards, like Target or Lowe’s, and requires that applicants have satisfactory pre-credit scores in order to be eligible.
A credit score of approximately 640 is required to apply for the Home Depot Store Credit Card.
How easy is it to get the Home Depot Credit Card?
While the Home Depot credit card is not necessarily difficult to obtain, given that you have the appropriate information and an adequate credit score, it can affect your credit negatively.
The hard credit checks that are required in order to establish your eligibility for the store credit card may cause credit scores to fall by as much as 5 to 10 points if you fail to pass.
Home Depot is known for its serious credit rating. Any interested customer should make sure they are eligible before applying.
To prevent rejection, applicants must ensure that their credit is clear of any blocking or freezing.
What are the Benefits of a Home Depot Store Card Credit Card?
Home Depot’s base credit card gives an initial 0% interest rate, with a scaling annual APR rate depending on use. Other benefits can vary depending on your usage.
Customers may also be eligible for a project loan credit card. The cardholders will be able to pay the balance over a limited time, much like a line credit that has a maximum of $55,000.
Home Depot is an online retailer that accepts American Express. You can also find information about whether Home Depot offers ‘Buy Now, Pay Later’ and PayPal.
Home Depot uses one of three major credit bureaus in order to assess the creditworthiness of its store credit card applicants.
Home Depot is a credit card company that randomly picks financial information for its applicants from Equifax or TransUnion.
Also, applicants don’t know what credit bureaus the system will select to help them determine their eligibility.
Which Bureau Does Home Depot Use
Home Depot relies on the Equifax Credit Bureaus, Experian Credit Bureaus, and TransUnion Credit Bureaus of the United States to determine if a customer is eligible for a store card. Home Depot will select the credit union that passes credit checks for customers who apply.
Home Depot What Credit Reporting Company does it Use?
Home Depot relies on the America’s largest credit reporting agencies, Equifax/Experian, as well as TransUnion, in order to verify the eligibility and provide a credit card. Dec 15, 2020
Home Depot Will Do A Hard Credit Verification?
Yes, the Home Depot Credit Card does a hard pull credit check. It will require a credit score at least 640 in order to obtain it. This is similar to what store cards need. You cannot pre-qualify to apply for the Home Depot Credit Card. May 25, 2020
Home Depot Does Home Depot Report to All 3 Credit Bureaus
Home Depot(r) Credit Card provides credit reporting to all three major credit bureaus within days following the cardholder’s last monthly billing period. Home Depot(r), Credit Card reports cardholder’s credit limit and account balance to the three major credit bureaus TransUnion, Equifax and Experian. Dec 9, 2021
.What Credit Bureau Does Home Depot Use In 2022? (Guide)