Myths and Facts about Credit Reports

credit-score-ratingsBy Becky Bower

Aside from a few tips on how to boost your credit score, not a lot of people know what’s true and false about credit reports. To be fair, even when you deal with credit every day, it can be difficult to keep the facts straight. Up your credit knowledge with our myth-busting guide, and see if you know the truth about these credit report myths.

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Stay Compliant: Notices Landlords Need to Send Out

By Becky Bower

As a landlord, you want tenants that pay their rent on time, don’t pose a threat to your property, and (hopefully) seek to renew their lease. That’s why you use tenant screening as a way to ensure your property gets quality tenants, and avoids potential liabilities. In the case where you receive applicants that aren’t the right fit or potentially pose a threat, you legally must send out an adverse action letter to the denied or conditional (modified terms) applicant.

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Your Credit Reports Have Changed as of July 1, 2017

By Becky Bower

The National Consumer Assistance Plan (NCAP) is now in effect! As of July 1, 2017, all new and existing public record data used by Experian®, Equifax®, and TransUnion® will be held to the new NCAP standards. While the implementation of these standards will occur over a three year period (with full implementation expected by March 2018), the three major credit bureaus have begun to take steps to improve data accuracy and quality.

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