CREDIT SCORES MAY BE GOING UP IN MAY
According to a recent article on Forbes, Americans may see their credit scores go up as the three (3) major reporting bureaus—Equifax, Experian, and TransUnion—all start eliminating tax liens and civil judgments from their credit reports. From a common sense standpoint, it may seem obvious why negative civil judgments or tax liens would show up on a report as those issues would certainly affect a person’s financial stability. However, the Forbes article points out that reports of civil judgments and tax liens often were attached to the wrong consumer, which resulted in someone with no judgments or liens being impacted by mistakes made by the credit agencies.