Anecdotal reports on MyFico and Reddit indicate that U.S. Bank now reports to credit bureaus your card balances that appeared on statement close. For years, U.S. Bank has been the outlier among major credit card issuers to report your... Read More →
Tag - Credit scores
Capital One CreditWise Now Uses TransUnion FICO Score (Previously VantageScore)
Capital One has made changes to its CreditWise program. Previously the credit score provided was a TransUnion VantageScore, this is now a TransUnion FICO score. Not a huge change, but more financial institutions use FICO than... Read More →
New York: Medical Collections Can No Longer Be Reported To Credit Reports
NY Governor Hochul has signed four new laws, the interesting one from our perspective is that medical collections can no longer be report to a consumers credit report (Legislation S.4907A/A.6275A). There has been a lot of changes to how... Read More →
Major Changes To How Medical Debt Is Reported On Credit Reports
Update 5/15/23: Medical debt under $500 has now been removed from reports as of April 11, 2023. Hat tip to Point A Card The three main consumer credit reporting agencies (Experian, Equifax & TransUnion) have agreed to make changes... Read More →
American Express Launches ‘Score Goals’ (Credit Score Recommendations & Tracking)
American Express has launched a new feature called ‘Score Goals‘ as part of their MyCredit Guide suite of credit scoring products. This product is available to both American Express cardholders and those without an American... Read More →
Chase Doing Two Hard Pulls For Some Credit Card Applications, Only Removing Duplicates On Request
Recently some consumers that have applied for Chase credit cards have noticed two hard pulls (on the same credit bureau) on their credit report. Occasionally Chase and other credit issuers will pull two different credit bureaus (in fact... Read More →
FICO Introduces New ‘FICO Resilience Index’
FICO has announced the new ‘FICO Resilience Index‘ which is a tool that aims to help lenders assess risk in changing economic times. FICO developed the FICO resilience index based on data from 70 million consumer credit... Read More →