Mindy Leisure Director of Rescoring Services
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UltraFICO
- November 8, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
No CommentsFair Isaac Company (FICO) along with Experian and data aggregator Finicity announced last week that starting in January 2019 they will begin pilot testing a new credit score called “UltraFICO.” In addition to the information the scoring models already take into consideration, this new score will also factor in the money a consumer has in
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New laws will make it easier to protect your child from Identity Theft
- August 30, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
In a study from Javelin Strategy and Research published in May, more than one million children were victims of identity theft in 2017. Of those, 66% were under the age of eight. Up until now it was next to impossible to freeze a child’s credit file because there was no history for them. Children are
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Opting Out
- August 2, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
Opting Out by Mindy Leisure Does “opting out” really help your credit score? For years I have had people tell me their clients opted out and it increased their credit score by 10 or more points. In reality this is a myth. Opting out has no bearing whatsoever on a person’s credit score. What is
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One Simple Mistake That Can Drop Your Credit Score
- July 5, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
There are many obvious actions that can cause a credit score to drop such as making late payments, maxing out a credit card, etc. But there is one seemingly innocent action that you’ve probably never thought of that could drop a credit score by 20 or 30 points. It may seem like a harmless thing
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Clarification on Upcoming Changes to Credit Reports
- May 31, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
There have been a lot of questions cropping up surrounding the changes coming in June to credit reports. These changes are due to the settlement agreement from 2015 between the credit bureaus and state’s Attorney Generals. The last phase of this agreement is set to be in place as of June 8th, 2018. Due to
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Why a Liens and Judgments Report is More Important than Ever
- April 27, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
With the changes the credit bureaus (Experian, Trans Union and Equifax) have made first regarding judgments and now tax liens being removed from credit reports, it is important to have a backup to make sure none of these items actually exist. Just because they are no longer on credit reports does not mean a borrower
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Tax Liens Are Going Away
- April 2, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
For the second time in the last year the credit bureaus are making a major change in their credit reporting standards. Last week Experian announced that starting on April 16, 2018 all tax liens will be removed from consumer credit reports. And they will stop reporting all tax lien data going forward. Trans Union and