Credit bureaus are mining new scores from your alternative data

Take a look at a credit report from one of the big three credit reporting agencies, and you’re likely to see certain types of accounts listed: credit cards, mortgages, car payments, and student loans, for instance.

How you pay those bills impacts the credit score that lenders use to determine how risky you are. But other types of accounts don’t generally show up on your traditional credit report. Those include phone and electric bills, rent, and payments to many types of credit providers such as payday lenders, rent-to-own stores, and online personal lenders.

The country’s biggest credit bureaus—Experian, Equifax, and TransUnion—are trying […] Read more

Bad credit scores make it harder to get mortgage, car loan, apartments

Maurie Backman, The Motley Fool
Published 5:00 a.m. ET March 25, 2019


A car accident can add a few dings to your credit score if you don’t take care of business right away. Buzz60’s Sean Dowling has more.

You’ve probably heard that it’s important to keep your credit score as high as possible. If you don’t, you may not get approved for the next credit card you want, or you may […] Read more

We Energies stops reporting to credit bureaus, impacting some customers’ credit scores

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MILWAUKEE — A recent decision by a major utility company is having unintended consequences for some customers.

Lynn Crump is an aspiring business woman who recently found her credit score dropped.

“With all three reports, an average of 21 points,” Crump said. “I’m trying to, you know, maintain my good credit standing.”

The reason for the credit score drop is not Crump’s fault.

Lynn Crump

“We Energies was a trade line on my credit report and it’s no longer here,” she explained.

In late December, We Energies stopped reporting customer payments histories to credit bureaus. […] Read more

Rashida Tlaib proposes banning credit scores in auto insurance

WASHINGTON — A first-term Democrat on the House Financial Services Committee is introducing legislation to ban the use of credit reports and scores in determining auto insurance rates.

Rep. Rashida Tlaib of Michigan has sponsored the Prevent Discrimination in Auto Insurance Act to prevent “undue burden” on low-income individuals seeking auto insurance.

In a letter to her colleagues, Tlaib said using credit reports “for the determination of auto insurance rates serves no purpose in determining the safety of the driver” and “does nothing to keep other drivers safe.”

Rep. Rashida Tlaib, D-Mich., said using credit reports “for the determination of auto insurance […] Read more

#happylife: breaking down credit scores and tips for how to improve them

SPOKANE, Wash. – As important to your overall financial picture as they are, the folks at STCU say that credit scores are often ignored until when they are needed, and at that point it can be too late.

Your credit score is the number that lenders use to determine whether or not to give you a loan, and at what interest rate. Your credit score can fall between 300 and 850 and the higher the better, when it comes to more favorable interest […] Read more


Londoners are most content with their credit scores, with a third (33%) saying they were happy the last time they checked, closely followed by the South East (31%) and the South West (28%.) Those living in the East of England are the unhappiest, with 11% saying they were not impressed the last time their checked their score. 1 in 10 of those living in the North West came in a close second when it comes to being unhappy with their credit score.

However, Equifax analysis of average credit scores across the UK[1]seems to suggest a disconnect between […] Read more

Credit Scores, Credit Reports & Credit Check Services Market 2019-2025 Research by Growth Rate, Key Vendors : Experian Equifax ,Trans ,Union Identity, Guard Identity ,Force.

Global Credit Scores, Credit Reports & Credit Check Services market research is an in depth study providing colete analysis of the industry for the period 2019–2025. To begin with the Credit Scores, Credit Reports & Credit Check Services Market report which covers market characteristics, industry structure and commutative landscape, the problems, desire concepts, along with business strategies market effectiveness.

Description: Credit Scores, Credit Reports & Credit Check Services are utilized to store short-lived items to expand the time span of usability and keep up the quality and freshness of items. Asia Pacific represented the biggest offer of the Credit Scores, Credit […] Read more

Credit scores matter — best ways to improve yours

Discover defines credit scoring as a means of distilling your relationship with debt down to a number. That three-digit score allows lenders to quickly size up the risk of doing business with you, which can have major implications on your day-to-day life. 

Credit scores come into play if you want to apply for a credit card, rent an apartment, buy a car, or switch phone providers. Pretty important elements of existing in the modern world, right?

Credit scores range from 350-850, and most lenders look for scores above 650, with preferences given to those with scores in the 700s and higher.

A low […] Read more

Shutdown could hit federal workers’ credit scores

As the U.S. government’s partial shutdown stretched into its 21st day Friday, federal workers who’ve been furloughed or forced to work without pay are scrambling to avoid getting dinged by lenders and credit-reporting agencies for skipping loan payments that could damage their credit scores. Missing just one payment on a credit card, for example, can knock up to 100 points off a consumer’s credit score, and it can take several years to recover the deficit, according to experts. 

Some lenders, including banks and auto-leasing companies, say they are making concessions to accommodate government […] Read more

Ask Brian: What Do I Need to Know About Credit Scores?

Ask Brian is a weekly column by
Real Estate Expert Brian Kline. If you
have questions on real estate investing, DIY, home buying/selling, or other
housing inquiries please email your questions to

Credit score questions are the most commonly asked. Here I answer a couple of the most frequently asked.

John from Green River, WY writes: Brian,
it’s been over 15 years since I’ve owned a home but I just came into some money
for a down payment and want to buy. What credit score do I need to qualify for
a mortgage?

Answer. Hi John, that might not seem like
an open-ended question but it is? Theoretically, you […] Read more