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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 not only offers great discounts, but also offers customers the option to apply for a store card which offers many benefits.

  • Perhaps you are wondering what credit bureau Lowe uses. I did some research into the subject, and here is everything I found out!
  • What Credit Bureau Does Lowe's Use In 2022? (All You Need To Know)

    Lowe’s Credit Bureau In 2022

    Lowe’s uses three credit bureaus, Equifax, Experian, and TransUnion, to check customer application eligibility for a store credit card as of 2022. Lowe’s software automatically determines which credit union to use for credit checks. Lowe’s credit-card customers must have a credit score at minimum 640.

  • Keep reading for details about Lowe’s credit agencies, how to check your credit eligibility, credit scoring requirements, as well as information regarding credit cards.
  • Lowe’s Store Credit Cards

    Lowe’s provides multiple store credit card options.

    You can then apply online for these cards or visit a Lowe’s customer service desk to get one.

    Lowe’s is also offering the following credit cards at present:

  • Lowe’s Advantage card
  • Lowe’s business Advantage card
  • Lowe’s Commercial Account
  • Lowe’s Business Rewards
  • Lowe’s PreLoad Discover Card
  • Lowe’s Lease to Own card
  • To meet the eligibility requirements for success, applicants also require their Social Security number and contact information.

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

    What Credit Bureaus Does Lowe’s Use For Its Store Credit Card?

    Lowe’s automated system accepts your credit card request and will then forward your financial details to one of the three largest credit bureaus in order to conduct the credit check.

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

    The bureau you choose is random. There is also no way to narrow down which one of these bureaus is best for you.

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

    Lowe’s can do a Hard Credit Check

    Lowe’s performs hard credit checks for all applications for store credit cards in order to assess the eligibility of applicants.

    To determine your results, you will need to provide details, such as your Social Security number and employment history, for a hard credit screening.

    You can also pre-qualify to receive a Lowe’s Credit Card by visiting its credit card page.

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

    What Credit Score Do You Need For A Lowe’s Credit Card?

    Like most other store credit cards available, such as Home Depot or Target, Lowe’s credit card does require its applicants to have a satisfactory preliminary credit score to be successful.

    Lowe’s stores credit cards require a minimum credit score of 640 points. This is determined by the credit bureau’s credit check.

    Your score could be affected by Lowe’s hard credit checks if you submit a failed application.

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

    You can get the Lowes credit card, provided you have adequate credit information.

    If unsuccessful, applicants may see their credit score drop by completing a Hard Credit Check to Determine Your Eligibility for Lowe’s Store Credit Card.

    Customers who are interested in this card should feel confident about their eligibility due to the fact that they have a serious credit history.

    To avoid application denial, applicants should ensure that any freezing or blockages to their credit are removed before applying for this store credit card.

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

    Which benefits can you get with a Lowe’s credit card?

    Lowe’s Credit Cards offer many advantages. For example, the benefits of the Lowe’s Advantage card include:

  • Get 5% Discount on all qualifying purchases over $299, or for 6 months with Special Financing
  • Purchases of more than $2000 qualify for 84 monthly fixed payments at 7.99% APR
  • Exclusive cardholder events
  • Annual fee not required
  • Limited offer: new accounts get 20% off a purchase on the same day (up to $100)
  • Lowe’s business advantage, Lowe’s commercial account, Lowe’s preload discover card and Lowe’s leasing-to own card are some of the cards’ benefits.

  • 5% off every day on in-store or online purchases
  • 20% Discount on Delivery if you pay with Lowe’s Business Credit Card (exclusively for Lowe’s Truck Delivery).
  • Convenient billing and invoicing options
  • 365-day returns
  • Online account management available 24/7
  • Exclusive cardholder events
  • For more information, please visit Lowe’s website to find out which bank Lowe’s uses, whether Lowe’s allows American Express payments, and if Lowe’s also accepts PayPal.

  • Conclusion
  • Lowe’s will choose randomly one of the following credit bureaus for the determination of store credit card applicant eligibility: Equifax. Experian. TransUnion.

    Furthermore, the applicants do not know from whom credit bureau they will select to determine eligibility.

    Before applying for a Lowe’s credit card, make sure your credit score is at least 640; otherwise, you may be denied.

    Which Credit Bureau Pulls Lowes?

    Lowe’s works with all three credit bureaus. To check credit, they randomly choose Equifax, Experian or TransUnion.

    Which Credit Score is Required for Lowes

    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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