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Credit Scoring Reporting

Credit scores about to get personal

A big change to credit score reports is on the horizon. Information such as late rental payments, property tax liens, delinquent homeowners association payments and other personal financial information could show up on consumer credit score reports in the near future. CoreLogic, a financial data collector that provides streamlined credit reports to mortgage companies and other [...]

Categories: Credit Scoring / Reporting
Credit score: Nice guys finish last

Nice people — as well as bad drivers — should worry about their credit scores, according to recent reports. According to the Globe and Mail, a Louisiana State University research team set out to investigate the common belief that employers could judge a job applicant's trustworthiness by reviewing their credit reports. The LSU researchers couldn't find [...]

Categories: Credit Scoring / Reporting
New scores aim to predict consumer behavior

Your public records could help tell your doctor whether you're likely to take your medication on time, according to researchers at the country's most prominent credit scoring agency. According to a Wall Street Journal report, FICO has launched a new consumer rating system based on the information collected from public agencies and courthouses. The "Medication Adherence [...]

Categories: Credit Scoring / Reporting
Credit scores: Wisconsin 1, Texas 0

Two new reports on credit scores: one reveals significant variation by state, and another shows how credit scores are affected by common holiday credit moves such as applying for a retail card or sudden increases in credit utilization. Location, location, location Credit agency Experian released its State of Credit report and it found residents of Texas suffer [...]

Categories: Credit Scoring / Reporting
Fed: Banks must release credit score when denying credit card application

Credit card applicants can see their credit scores for free if a bank used that score to decline service, according to the Federal Reserve. The Federal Trade Commission and the Federal Reserve Board jointly announced their rules for implementing free credit score notifications under the the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Fair [...]

Categories: Credit Scoring / Reporting, Credit Card Law
Some Credit Card Holders Must Choose Between Extra Fees or Lower Credit Scores

A wave of new service fees has credit card customers asking whether the benefits of keeping a dormant credit card open are worth the price. According to a recent Bloomberg report, Fifth Third Bank altered its customers this summer that it would institute new inactivity fees for most of its credit cards. Fees for maintaining [...]

Categories: Credit Scoring / Reporting, Credit Card Interest Rates / Fees

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