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Overhaul Boosts Credit Scores of Millions of U.S. Consumers

By The Wall Street Journal

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  • Seek Truth
    Seek Truth

    The biggest source of credit damage has not been addressed. Companies set up to buy bad credit accounts for pennies on the dollar and the report the debt for years until the borrower needs to get a mortgage or other credit and is forced to pay off the predator debt purchaser, This whole industry popped up when people were losing their homes and jobs, and were unable to pay small credit debts. These bottom feeding predators prey on the most vulnerable people in society. Yet these company own enough politicians to avoid being ever confronted.

  • Max Lockie
    Max LockiePlatform Editor at Quartz

    Score one for the little guy.

  • John Harris
    John HarrisSci-Fi author

    Too bad I don't have a credit history...

  • connie  Donoho
    connie Donoho cas and Co

    Nice article but I didn’t see my credit score go up very much. Less than eight point. It be nice if it went up even more. Only time will tell.

  • John Dubé
    John Dubé

    Nice!

  • Bhairav Mehta
    Bhairav Mehta

    Cool

  • Lorna Hainsworth-Popper
    Lorna Hainsworth-Popper

    Even with strong credit it’s much harder to be approved at the Canadian banks. If you are a Canadian trying to get a US mortgage it’s practically impossible.

  • Veta McGee
    Veta McGee

    Very Interesting. 🧐

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