Why You and Over 12 Million Will See Their Credit Improve Next Month !

The three major credit reporting companies (equifax, transunion, experian) will change their rules for the type of public records they collect

About 12 Million Americans will see boost in credit score or at least an improved credit score
in the next two months, and as soon as next month.

Starting July 1, 2017 Equifax, Transunion, and Experian changed their reporting rules for the types
of data and information they collect and report. For a fact in the future, items on your credit report
will require each person’s name, date of birth, address and Social Security. Any current or past
reporting without all information will be deleted immediately.

If you have tax lien records and civil judgment problems you should be glad to heard that about
half of all tax lien records and almost all of civil judgments do not meet the new standards for
inclusion on credit reports and will therefore be removed.

These are currently and drastically hurting consumer credit reports tax liens that come from unpaid
state or federal tax bills; civil judgments come from lawsuits related to old debt, unpaid child support,
evictions or other non-criminal debts. Other types of debts also hurt your credit report the topic in
this report is simply stating the ones mentioned.

According to a report from Fair Isaac, the company that supplies the formula that generates the
credit scores known as FICO, about 7 percent of the 220 million people in the U.S. will see either
a judgment or lien removed from their file.

 

 

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