Most Credit Scores Rose After Reporting Changes; Some Fell

Home / Blog / Most Credit Scores Rose After Reporting Changes; Some Fell

Posted To: MND NewsWire

In the last half of 2017 the three credit bureaus, Equifax, TransUnion, and Experian, agreed to change the way they handle collection accounts. These accounts represent a wide variety of debt - unpaid gym memberships, unpaid traffic tickets, delinquent rent, even unreturned library books. However unpaid medical bills account for about 52 percent of those debts. Another 23 percent are utility bills, and about 6 percent are debts that have defaulted and been sold to third party collection firms. About 40 percent of consumers with a credit report have had a debt in collections on their record at some point. The New York Federal Reserve's Liberty Street Economics group says that collection accounts become more prevalent during the Great Recession , but since there has been a declining trend showing...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

05b24dc3 c47c 446a 9561 4e2ebe32483f a3697a20 80e6 4dfa a954 644e5bb7c1fb 3fbfbf92 bec7 4216 b687 fa32dc35abff 96011893 c4e8 4ef1 bde8 c490805c2665 4ce5e1f4 cc71 4ebb a21c 68e2437268dd 6bef8d00 c77b 433f 8eb6 5e32d5390344 a9f799cb c9d5 4f9f af7c 2c321193f05b 35e433a9 7519 448f a8ea 03a5fdae3855 7996ccc8 e6fc 4905 8333 687f28729038 e3d91eb7 5028 4afb 81a8 7183277af5fa 12094141 2902 4a1d bf04 c0314faba72d abb69d35 eaf9 48df af88 95bb9351f9cd f776701a d2fb 4de6 8655 18a6f1dcfa61 f253fada c973 4254 b8e9 df839fba3fc9 6626cbd8 0d4e 4f1d bb0f 8475823c65f3 08481e91 7c51 4cc3 911b 99439945e5ab 022a4aa8 14b9 4d3f 8c16 fa6fca95ad84 a768776d 7969 479c 9f7a 6e2bef0ad6eb 9d0cde8b 5707 4969 b344 4c191e24346c 18e74287 d6d7 4e76 b6bc 0e6711413d22 9703c5d3 83e0 4db2 8987 18ccef7ba0dc 748d88d0 4d54 41dc a3eb 38b77c41ec80 0e4c8964 0bb0 4b98 94af eb66e7ebf64e