A soft credit check, also known as a soft inquiry or soft pull, is a type of credit inquiry that does not impact your hard credit scores. When a lender or other entity performs a soft credit check, they usually look at your credit report for informational purposes rather than assessing your creditworthiness for a specific loan or credit application.
The American Rescue Plan Act of 2021 includes the Child Tax Credit. This program will start advance payments in July 2021 and end on December 31, 2021, for taxpayers who have qualifying dependents. This year, you can claim up to $3,600 for each qualifying child, which is an increase that will only apply to the 2021 tax year as long as you can meet all the qualifications.
Payday lenders rely on databases to instantly get information to review, but the most important thing they look at is your recent earnings. This is because your earnings have proven to be the best indicator of your ability to repay your loan. It is the number one criterion.