National News: Credit Policy Changes Could Help Your Credit Score!


Good News! Equifax, Experian, and TransUnion will now exclude all tax lien data from credit reports, which could raise some credit scores as much as 30 points, according to CNBC.

About 11 percent of the population likely will have a judgment or lien removed from their credit file, according to estimates from LexisNexis Solutions.

Credit scores are key for consumers who are applying for loans, such as a mortgage. FICO scores, for example, generally range from 300 to 850; anything above 700 is usually considered a good credit score.

Source: “Credit Scores May Jump This Month Thanks to New Scoring Rules Enacted After CFPB Study,” CNBC (April 16, 2018)

#mortgage #credit #scores

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