Time tobuy a car?
Nail-biting over whether your score will be high enough to get a good interest rate.
New job requires a credit check?
Nail-biting over whether that bad day in small claims court will stop you from getting hired.
And your credit score could benefit.
No Interest Til Almost 2027?
Credit Scores Changed Dramatically in 2016
Its been a big year for credit score changes.
Did you know?
If your credit report currently lists a tax lien or civil judgment, your score could get a boost.
Atax lienis what the government sets up if you have unpaid tax debt.
Once you pay a tax lien in full, it gets released within 30 days.
Acivil judgmentis a non-criminal court case you lost.
Sometimes wage garnishment is used to obtain regular payments toward a civil judgment.
These issues arent directly reported to the credit bureaus.
Instead, theyre public records anyone can access.
Many liens and most judgements dont include all three or four, Annamaria Andriotis reports in theWall Street Journal.
In addition, the credit bureaus will update public records they collect at least every 90 days.
Why will only a small group of credit score holders see a marked increase?
Good News for Everyone!
Thanks for the Higher Score!
This is a choice the credit bureaus made on their own, and its pretty good news for consumers.
Will these changes affect your score?
The best way to find out is tokeep an eye on your credit report.
Disclosure: This post includes affiliate links.
Were letting you know because its what Honest Abe would do.
After all, heison our favorite coin.
Lisa Rowan is a writer and producer at The Penny Hoarder.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
