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This bill was introduced on October 30, 2013, in a previous session of Congress, but was not enacted. The text of the bill below is as of Oct 30, 2013 (Introduced). To read this pending bill click below. It could offer a way for alternative data e.g. utilities bills, cell

WASHINGTON, D.C. – U.S. Senators Mark Kirk (R-Ill.) and Joe Manchin (D-W.Va.) announced today the introduction of legislation that would allow for a more thorough and fair evaluation of an individual’s credit worthiness. The Credit Access and Inclusion Act would improve individuals’ access to credit by allowing utility companies to

A variety of U.S. Senators have introduced legislation that would force the credit bureaus to pass along to creditors documents provided to them by consumers when they’ve filed disputes. e-OSCAR system is currently working on allowing the pass through of such documents. Credit reporting agencies have been criticized for performing

When calling up an insurance company for coverage of auto and home, they usually will ask questions and pull up your C.L.U.E. report. You can order your free C.L.U.E. report once a year just like you can with your credit report, and if something turns up false you can challenge

Fair Isaac released a report that says credit scores are affected about the same, whether a seller does a short sale or foreclosure. Fair Issac says the average points lost on a FICO score are as follows: 30 days late: 40 to 110 points 90 days late: 70 to 135

If you have an authorized user account that the primary cardholder is mismanaging; here is how you can remove it. for your client. First you must have the primary cardholder contact the credit card issuer and remove the authorized user from the account. Once this is done the process of

Associate Press: PORTLAND, Ore. — A federal jury in Oregon has awarded $18.6 million to a woman who spent two years unsuccessfully trying to get Equifax Information Services to fix major mistakes on her credit report. Julie Miller of Marion County was awarded $18.4 million in punitive damages and

If your student loan debt is high relative to your income, you may qualify for the Income-Based Repayment Plan (IBR). As a credit consultants, you will get calls regarding several issues and a student loan is a major issues facing consumer. We want to equip you with the necessary information

A dark day for consumer was February 14th, 2009; yes it was Valentine’s Day but consumer did not get any love from some CRA. It was the last they actually had access to all three of their FICO credit scores on myFICO. As of now Experian and FICO just announced