New rules tighten up credit reporting information

Starting July 1, the new law tightens up the rules for bad marks on your credit but taking care of account information

Credit score

YOUNGSTOWN, Ohio (WKBN) – You may be one of the millions of Americans who could see their credit scores go up this month. That’s thanks to a new federal credit reporting law.

Credit scores take into account payment history and loan balances.They also look at judgments or civil liens. Starting July 1, the new law tightens up the rules for bad marks on your credit but taking care of account information.

Apprisen Regional Operations Manager Victor Russell said name, address, social security number and date of birth all have to match or that information for that account is coming off your credit report.

If it’s a legitimate debt, you still have to pay it back. It just won’t hurt your credit score.

.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s