Data Facts Lending Solutions Blog

Topics: Credit Score, credit history, Credit Bureau, FICO, Credit Report, VantageScore

Data Facts wants to be your resource for important industry information, which is why we periodically share breaking news in addition to our regular blog posts. This article originally appeared on the National Professional Mortgage Magazine website and was written by Phil Hall. 

The Consumer Financial Protection Bureau (CFPB) and a coalition of attorneys general from 48 states, the District of Columbia, and the Commonwealth of Puerto Rico has reached   a $700 million settlement with Equifax stemming from the 2017 data breach of the Atlanta-headquartered consumer credit reporting company.

Topics: Data Facts blog, Data Breach, Credit Bureau, CFPB, Mortgage lenders, Credit Report

Data Facts periodically finds interesting stories from around the web that we think our lending clients would like. This article, which first appeared on the National Mortgage Professional Magazine website, is one of them.

 

Millennials have a very distinctive approach to handling their credit, according to a new study released by   TD Bank's Consumer Spending Index.

Topics: Understanding Credit Scores, Potential Millennial homebuyers, Credit Report

This article was originally posted at Washington's Top News by U.S. News and World Report, and can be accessed here.

If you’re one of the 800,000 federal employees who are not getting paid during the government shutdown, you’re in a tough spot, for sure.

Most likely, you’ve morphed into survival mode, which may or may not include thinking about your credit score. I totally get that. But what if I told you it’s possible to get through this with an (almost) intact credit score?

Topics: credit cards, credit history, medical debt, Credit Report

Whether a person is thinking about joining the military, has been enlisted for years, or is a veteran, it’s important they think about and act to protect their credit. There are a variety of ways credit scores can be affected negatively, which then impacts the person’s ability to purchase a house, car, or even secure a credit card.

Topics: Credit Report