Important News: New Credit Policies Help Consumers

By
Mortgage and Lending with Jack Tenold LLC Jack Tenold NMLS 10261

Important News: New Credit Policies to Help Consumers

 

The Spokesman ReviewGood news arrived in the Business Section of my morning paper, The Spokesman Review, via LA Times Reporter, Jim Puzzanghera.  Rather than summarize the content of the article

                      Credit-reporting firms to overhauI process for fixing errors,

I prefer to provide the link:

 http://www.latimes.com/business/la-fi-credit-reporting-changes-20150310-story.html

Experion, TransUnion and Equifax are the largest credit-reporting credit reporting changes benefit consumers companies agreeing to changes which are of enormous benefit to consumers. Who doesn't know from personal (or professional experience or someone you know) about a credit report problem that has interferred with getting a credit card, a home loan or purchasing a car?  

Some of the fixes will occur in coming months while others may take awhile.  Nonetheless, the changes will happen and consumers will benefit. 

order your free annual credit reportsSince Federal Law allows you to get free annual reports every 12 months from each of the 3 major credit reporting firms, it is not a bad idea to order one up and make sure that everything is OK on your report.  To get started, go to www.annualcreditreport.com. Additional information, including how to read and understand your report is available on the same website.

 Since a home is generally the largest asset a person owns, it is a good idea to know what your credit report looks like BEFORE you try to purchase or refinance your home.  Questions?  Give Jack a call at 800-617-3105. 

Important News: New Credit Policies to Help Consumers

 

 

Posted by
Jack Tenold NMLS 10261                                                       
      
You can reach me anytime at
     509-710-2227 no strings attached                             
 

Email:  Jack@JackTenold.com

Website: JackTenold.com

Refinance & Purchase  |   Reverse Mortgage Specialist 
Licensed to assist homeowners and home buyers in Washington
 
         Jack Tenold LLC Washington License No. MB-1819307  Office: 203 N Washington St Suite 200L Spokane, WA 99201      
 
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Comments (2)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I heard that some new cahnges should help consumers.  But that the cahnges would take a while yet.

Mar 12, 2015 07:25 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I appreciate the updates greatly. It's difficult to keep up with the ever changing world of loans and rates and rules and... Thanks. 

Mar 19, 2015 06:35 AM