Your credit score might suddenly rise this summer. Here’s why

Source: Nina Agrawal, L.A.Times (Paid Registration)

The nation’s three major credit reporting companies — Equifax, Experian and TransUnion — use information from public records about tax liens, civil judgments and bankruptcies when computing people’s credit scores. But sometimes there are mix-ups, and the wrong person’s credit gets dinged.

Now the companies have agreed to stop listing information about liens and judgments in credit reports unless they have certain data connecting the public record more solidly to an individual, according to the Consumer Data Industry Assn.

Read Full Article: Your credit score might suddenly rise this summer. Here’s why

 
 

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