Credit Scores Could Increase for Millions of Consumers This Summer
Why your credit scores might suddenly rise
The three reporting agencies — Equifax, Experian and TransUnion — have made a decision that could result in credit scores increasing for millions of consumers. On July 1 the three credit reporting agencies will remove civil judgment and tax lien data from credit reports if that data doesn’t include the consumer’s complete information; such as social security number, date of birth, name and address. This change will apply to existing credit reports and new data that is added to reports.
According to the Wall Street Journal, this new decision could increase credit scores for approximately 12 million consumers. This amounts to about 6 percent of the population.Help Repairing Your Credit Score
If your credit score needs improving, be sure to read our blog 12 Tips for Improving Your Credit Score in the New Year. There are immediate steps you can take to start increasing your credit score today.
Story originally published on GamezLawFirm.com. Daniel R. Gamez is a debt relief attorney licensed to practice in all state and federal courts in California and Texas. To submit a debt relief success story or a debt relief question, email firstname.lastname@example.org. Follow Daniel on Twitter @gamezlawfirm.