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Consumer credit scores to exclude some debts, liens starting July 1

Brightside Credit - Tuesday, July 18, 2017
Consumer credit scores to exclude some debts, liens starting July 1 Top of Form Here's potentially good news for consumers: The nation's three largest credit-reporting agencies will soon exclude tax liens and some civil debts from their reports. The change by Equifax, Experian and TransUnion will take effect July 1, as part of a plan to ensure that consumer identifications in the data are accurate and current, the Consumer Data Industry Association, a trade associatio ..

All three major credit reporting bureaus were fined this year.

Brightside Credit - Monday, April 03, 2017
Recent cases against credit reporting agencies have likely confused consumers All three major credit reporting bureaus were fined this year. Despite the recent cases against credit reporting agencies, maintaining a healthy credit score is not that complicated. In theory, at least.The credit reporting agency Experian EXPN, +0.00% (http://www.marketwatch.com/investing/stock/expn?countrycode=uk&mod=MW_story_quote) was fined $3 million by the Consumer Financial Protecti ..

HOW LONG CAN NEGATIVE INFORMATION STAY ON YOUR CREDIT REPORTS?

Admin Manager - Friday, August 01, 2014
Positive or neutral information can stay on your credit reports indefinitely Experian, for example, no longer reports accounts that are more than ten years old if the account is closed and there is no activity on it. Accounts such as credit cards and mortgages can stay on a credit report for many years if they are open and active. With negative information, however, federal law limits how long that information may be reported: · Chapter 7 Bankruptcies – These wi ..

HOW TO IMPROVE YOUR BUSINESS CREDIT SCORE

Admin Manager - Friday, August 01, 2014
Credit scores are complex statistical models for predicting credit risk. While there is no guaranteed way to improve a business credit score, here are a few steps you can take to ensure that your business credit report reflects the best scores possible for your situation. Check your business credit report regularly and verify that the information in it is accurate and up-to-date. Establish business credit with companies that report trades. Remember, not all business creditors repo ..

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