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Here’s why your credit score might increase on July 1

“Here’s what they found: In other words, these new credit report changes probably won’t bring your credit score from bad to excellent overnight” writes Aol Staff for aol.com. Corporate policy and consumer injustice aside, however, most people will only want to know one thing: How this will impact their credit scores. [See: 12 Simple Ways to Raise Your Credit Score.] How much will my credit score improve?. That’s just a fancy way of referring to how they assign information to the right people’s credit reports.In fact, the average American (whose credit score is 669, according to WalletHub data) has just a 4 percent chance of seeing improvement, according to VantageScore.So if you have either or both of these items on your credit reports, a potentially money-saving surprise could be headed your way.
 
Source: aol.com



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