Sentences with phrase «major change in their credit scores»

This modification will occur later this summer and as a result, consumers who are listed as authorized users on credit card accounts will probably see a major change in their credit scores.

Not exact matches

Usually, having a subprime credit score means you have to settle for less than stellar options or high annual fees, but the Discover it ® Secured Card — No Annual Fee has changed up the secured credit card scene in a major way.

People are frustrated by the lack of a workable appeals process over disputed items and the fact that consumers — not creditors — bear the burden to prove the accuracy of credit information.So it's no surprise that a major legislative proposal has surfaced on Capitol Hill that seeks to disrupt much of the American system of gathering, reporting and using credit information, including potentially significant changes in the credit scores that lenders use to evaluate most home mortgage applications.

A major crisis in a person's life could happen and completely change their credit score.

In February 2013, the Federal Trade Commission released the results of a comprehensive study of credit reporting errors, finding that 21 percent of American consumers had an error on a credit report from at least one of the three major credit reporting companies.15 Thirteen percent of consumers had errors serious enough to change their credit score.