Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of the increase, while nonrevolving credit made up the other $4.6 billion, the Federal Reserve said Monday (Jan. 8) in its monthly report on consumer...
Three credit reporting agencies have taken another step in removing medical collection tradelines from credit reports. Equifax, Experian and TransUnion have removed medical collections debt with an initial reported balance of under $500 from U.S. consumer credit reports, the three credit reporting agencies said Tuesday...
Kountable announced it has launched credit bureau reporting for SMBs in Rwanda and Kenya based on how well they execute on projects. “Kountable is pleased to take the lead globally in reporting on good execution behaviors inside of a project with agreed upon milestones,” Kountable...
Capital One has announced the launch of Business CreditWise, an online tool that enables U.S. businesses to check their credit profiles. According to a recent Capital One survey, nearly 31 percent of small business owners have either never heard of business credit reports or are...
April 15, 2024
The Consumer Financial Protection Bureau (CFPB) has written a letter in support of a Connecticut bill that would prohibit healthcare providers in the state from reporting medical debt to consumer reporting agencies for use in a consumer report. The letter, which focuses on Connecticut State Senate Bill 395 (SB395), was addressed to State Sen. Matt Lesser and posted […]
January 08, 2024
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of the increase, while nonrevolving credit...
April 11, 2023
Three credit reporting agencies have taken another step in removing medical collection tradelines from credit reports. Equifax, Experian and TransUnion have removed medical collections debt with an initial reported balance...
February 27, 2018
Despite a massive data breach at credit scoring company Equifax last year, a new survey reveals adults in the U.S. haven’t been checking their credit scores. According to news from CNBC, CreditCards.com...
