Category Archives: Info

NCES Invited to Explain Key Credit Reporting Problems To Legislators In Washington, DC
George Cole, president of National Credit Educational Services, was recently invited by the Atlanta Business League to present key credit reporting problems and legislation recommendations to a group of legislators in Washington, DC. Below is a summary of his findings and legislative recommendations.  You DO have a friend in Washington! Problem #1: Credit reporting agencies change date of “most recent activity” on credit...
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Good Credit Score News for People with Medical Collections
Last Summer, FICO (the company that creates the software used to calculate credit scores), released a new update to its scoring system called FICO 9. The goal of FICO 9 was to reduce the effect past due medical debt has on a person’s credit score, especially if they have an otherwise clean credit history. Why is this a big deal? Consider these...
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Did You Foreclose in the Housing Bust? You may be able to buy sooner than you think!
If you are one of the 9.3 million homeowners who foreclosed, received a deed-in-lieu-of-foreclosure, or short-sold during the recent housing crisis… you may be able to buy a home again sooner than you think. In a recent study of the housing market, The National Association of Realtors (NAR) found that nearly 1 million of...
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