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What Credit Bureau Does Lowe’S Use

What Credit Bureau Does Lowe’S Use In 2022? (All You Need To Know)

Lowe’s has a number of great deals for customers.

  • However, you may be curious as to which credit bureau Lowes uses. You can find everything that I have found here!
  • What Credit Bureau Does Lowe's Use In 2022? (All You Need To Know)

    Lowe’s 2022 Credit Bureau Uses

    Lowe’s checks customer eligibility to apply for a store card. Lowe’s system automatically selects one of these credit unions to pass a credit check through upon application. Lowe’s credit card applications require customers to have credit scores of at least 644.

  • For more information on Lowe’s credit bureaus as well the process of applying for Lowe’s stores credit cards and to see details about credit cards, read on!
  • Lowe’s Store Credit Cards

    Lowe’s offers multiple credit cards for stores.

    These cards can be applied online, or at the Lowe’s Customer Service Desk at your store.

    Also, the credit cards that Lowe’s currently offers are:

  • The Lowe’s Advantage card
  • Lowe’s business Advantage card
  • Lowes Commercial Account
  • Lowe’s Business Rewards
  • Lowe’s PreLoad Discover card
  • Lowes’ Lease-To-Own Card
  • In order to fulfill eligibility requirements, applicants will also need their Social Security numbers, contact information and any personal details.

    What Credit Bureau Does Lowe's Use In 2022? (All You Need To Know)

    Which Credit Bureaus does Lowe use for its Store Credit Card?

    Lowe’s system automates credit card applications and passes financial information on to the major credit bureaus.

    Then, Lowe’s credit card system will randomly select Equifax, Experian, or TransUnion for the credit check.

    The credit bureau that is chosen for you is completely random and it is impossible to pick one among the three.

    Moreover, Lowe’s store credit card is issued through Synchrony Bank, which relies on Equifax, Experian, and TransUnion for quality checks.

    Lowe’s does a hard credit check?

    Lowe’s checks all credit applications for store cards to verify eligibility.

    That said, a hard credit check involves submitting details (like your name, address, employment status, financial information) and Social Security number for a credit bureau to determine results.

    A Lowe’s credit page has the ability to help you pre-qualify.

    What Credit Bureau Does Lowe's Use In 2022? (All You Need To Know)

    How high of a credit score do you need to get a Lowe’s credit card?

    Lowe’s credit cards require applicants with satisfactory credit scores to succeed, just like other credit cards for stores, such as Home Depot and Target.

    So, Lowe’s requires you to have a credit score of at least 640 points to be eligible for the Lowe’s store credit card, as determined by the credit bureau’s check.

    Lowe may conduct a hard credit review on your file. If you fail to submit your application, it could negatively affect your score.

    How Difficult Is It To Take Out A Lowe’s Credit Card?

    It is possible to get the Lowe’s credit card if your information is correct and you have a high credit score.

    That said, completing a hard credit check to determine your eligibility for the Lowe’s store credit card can cause some applicants’ credit scores to subsequently decrease by around five to ten points should they be unsuccessful.

    Moreover, the serious credit nature of this card means that interested customers should be confident in their eligibility.

    To prevent denial of application, candidates should make sure that there are no credit freezes or other credit blockages before they apply for the store credit card.

    What Credit Bureau Does Lowe's Use In 2022? (All You Need To Know)

    What benefits are there for a Lowe’s credit card?

    Lowe’s Credit Cards offer many advantages. Lowe’s credit cards include many benefits.

  • Buys of more than $299 get 5% Off or 6 Months Special Financing
  • 84 fixed monthly payments at 7.99% APR on purchases of $2000 or more
  • Exclusive cardholder events
  • Annual fee not required
  • Limited Offer: Accounts New to the site will get 20% off your purchase that same day, up to $100
  • These cards offer the following:

  • For every purchase made in-store, or online, receive a 5% discount
  • $20 discounted delivery if the product is paid for with a Lowe’s Business credit card (only applies to Lowe’s truck delivery)
  • Invoicing and billing options that are easy to use
  • Returns for all 365 days
  • Online account management available 24/7
  • Exclusive cardholder events
  • You might be curious to learn more about Lowe’s bank, including if Lowe’s takes American Express and PayPal.

  • Conclusion
  • Lowe’s randomly chooses one of three credit agencies to decide the eligibility of company’s store credit cards applicants. It is Equifax or Experian.

    The applicants are not able to know which credit bureau will be used by the system for determining eligibility.

    Make sure you have a minimum credit score of 640 before applying for a Lowes Credit Card.

    Which Credit Bureau Pulls Lowes?

    Lowe’s works with all three credit bureaus. The applicant’s credit is checked randomly by Lowe’s using Equifax Experian and TransUnion.

    To get Lowes, what credit score is required?

    644-640 or higher

    .What Credit Bureau Does Lowe’S Use In 2022? (All You Need To Know)

    See also  What Credit Bureau Does Home Depot Use
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