If you have outstanding debts and are worried about how they will affect your credit score, there’s something you should to know.
As of July 1, 2017 credit reporting agencies such as Equifax, Experian, and Transunion have started to exclude most civil judgments and tax lien data from their credit reports. What does this mean for you? Before this recent change, if you had any paid tax liens and judgments against you, they could remain on your credit report for seven years and unpaid tax liens and judgments could remain visible for much longer. Now that credit reporting agencies are excluding most of this data from their credit reports, you won’t have to worry about how it will affect your credit score at all.
If you would like to learn more about how this new method of credit reporting will affect you and your credit score, feel free to call (314) 989-1492 today.