Updated Credit Scoring Policies Help Millions of Americans Amidst New Legislation Against Credit Bureaus
SCOTTSDALE, Ariz., Aug. 7, 2017 /PRNewswire/ -- AAACreditGuide.com supports new changes in the updated credit scoring policies that have recently been announced. In July, Equifax, Experian, and TransUnion began phasing out millions of credit report entries surrounding tax liens and civil judgments.
"Public records reported by the credit bureaus have long been based on incomplete and even inaccurate filings," said founder Chane Steiner. "Consumers can finally start to see the improvement they deserve in their credit scores, which will help them in numerous aspects of their financial and personal lives."
As many as 12 million people are expected to benefit from these changes.
In September, the three national credit bureaus are also set to finally implement changes regarding medical debt. As ruled in a March 2015 settlement brought about by the New York state attorney general, the bureaus will soon wait to add medical debt to any credit report for an additional 180 days.
"Medical debt itself is an epidemic for countless Americans today," Steiner commented. "The new rules allowing for an additional 180 days before reporting will provide much-needed relief for people trying to navigate complex medical billing and insurance processes."
AAACreditGuide.com advocates for any rules requiring greater scrutiny of the credit bureaus. These two new policies are a positive step in the right direction for consumer protection from the credit reporting industry. If you have questions about the new changes or would like to speak with a reputable credit repair company about your case you can find a list of the top credit repair companies here: https://aaacreditguide.com/credit-repair-companies/
Since 2007, AAACreditGuide.com has been the authority site for all things personal finance, including credit, debit, credit cards, credit repair, mortgage loans, auto loans, and investments. We offer objective advice on financial matters so consumers can make smart, informed decisions and reach their most important goals in life.
For more information, visit https://aaacreditguide.com.
Contact:
Staci Adams
Email: [email protected]
Phone: (800) 220-0084
SOURCE AAACreditGuide.com
Share this article