FICO Scores Set to Improve
Changes Coming to Credit Reports
Credit reports and scores are set to get an increase as tax liens and civil judgments are taken off individual's credit reports. Equifax, Experian, and TransUnion will remove tax-lien and civil judgment information starting July 1st. The negative information will be removed from credit reports if it doesn't contain a complete set of at least three items: individual's name, address, social security number, or date of birth. The change will apply to new and existing information on reports. This change is just one of the ways in which credit reporting agencies are attempting to make the reports more accurate and fair to consumers.
For more information on these changes see the article below: