Mortgage And Real Estate News

Tuesday, March 10, 2015

Credit Bureaus to Make It Easier to Fix Errors in Credit Reports

The three major credit bureaus – Equifax, Experian and TransUnion – will be making consumer-friendly changes to how they resolve disputes as well as how they handle the reporting of medical debts. Just don't expect the changes to take effect immediately. The new provisions, the result of a settlement agreement between the bureaus and New York Attorney General Eric Schneiderman, will be phased in nationwide over about three years, according to John Ulzheimer, president of consumer education at credit Web site CreditSesame.com.

Read more...  http://m.kiplinger.com/article/credit/T017-C011-S001-credit-bureaus-to-make-it-easier-to-fix-errors-in.html

Reuters: Business News

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