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Credit Reporting Industry’s Decision on Loan Modifications Boxes in Consumers


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from CNN On The Money
 

A recent Bloomberg article “Unintended Consequences of Mortgage Modifications: Falling Credit Scores” addresses a topic that deserves serious follow up. The article accurately identifies that loan modifications could damage your FICO credit scores, if they are reported to the credit bureaus using the new reporting guidelines set up by the credit bureaus and their trade organization, the Consumer Data Industry Association (CDIA). [...]

 

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This entry was posted on Tuesday, December 29th, 2009 at 4:24 pm and is filed under Better Credit, Credit Issues, Credit Reporting, Your Credit Score. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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