CFPB Weighs Ban On Medical Debts In Credit Reports
Collection Industry News
MARCH 7, 2022
Credit reports and scores are used by lenders to determine if you qualify for a loan, and what interest rate you pay. Of particular concern, the report said, is that collection agencies may be reporting inaccurate data to the credit bureaus. Be aware, however, that not all lenders use the updated credit scoring systems, she said.
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