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IRS-Economic impact payments:

Brightside Credit - Monday, April 13, 2020
Updated with new information for seniors, retirees on April 1, 2020. Also see Treasury news release (https://home.treasury.gov/news/press-releases/sm967). Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be ..

Stimulus bill to delay federal student loan payments for 6 months—here’s what that could mean for your credit score

Brightside Credit - Monday, March 30, 2020
President Donald Trump signed a $2 trillion stimulus package to ease the economic impact of the coronavirus pandemic. CNBC Select explains how the postponement period on federal student loans could affect borrowers’ credit scores. The difference between deferment and forbearance Deferment and forbearance are two ways to temporarily suspend your student loan payments. Both options protect your account from falling into delinquency, so if you anticipate trouble mak ..

Equifax to pay up to $700 million to settle state and federal investigations into 2017 security breach

Brightside Credit - Wednesday, July 24, 2019
The punishment includes payments to affected consumers, fines to peeved regulators and a host of required changes to the credit-reporting agency’s business practices, government officials said Monday, as they faulted Equifax for putting more than half of all U.S. adults at risk for identity theft and fraud. “This is the largest data breach settlement in U.S. history,” said Pennsylvania Attorney General Josh Shapiro. “These data breaches occur b ..

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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