Credit score changes

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Credit bureaus Equifax, Experian and TransUnion no longer include information about tax liens and civil judgments in their credit report unless it includes a person’s name, address and either the person’s Social Security number or birthdate.

That’s notable, because courts now limit the information that’s on record to prevent identity theft, says Nessa Feddis, who is a senior vice president at American Bankers Association, which is a trade group. “There’s a risk that negative information would be entered on the wrong person’s files, because [credit bureaus] lacked identifying information,” she says.

VantageScore, which manages credit-scoring models for credit bureaus, found that consumers who had a lien or judgment removed had an average increase to his/her credit score of 11 points, and those who had a score that was below 600 saw a bigger increase.