How credit scores are evolving to improve access to credit
1 year, 10 months ago

How credit scores are evolving to improve access to credit

Associated Press  

NEW YORK — A lowcredit score can hurt your ability to take out a loan, secure a good interest rate, or increase the spending limit on your credit card. “I do see that efforts are being made in order to equalize the credit score,” said Rosalyn Glenn, a financial advisor at Prudential who focuses on expanding financial access. “You’re making a payment once a month for a service you receive — very much like getting a loan,” said Rod Griffin, financial health advocate at Experian. “For older people, they have low credit scores, too, because they’ve paid everything off,” he said. “That is now one of the number one things we encourage people to do,” said Silvio Tavares, CEO of VantageScore, another provider of national consumer credit scores.

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How credit scores are evolving to improve access to credit
1 year, 9 months ago

How credit scores are evolving to improve access to credit

LA Times  

A low credit score can hurt your ability to take out a loan, secure a good interest rate or increase a credit card spending limit. “I do see that efforts are being made in order to equalize the credit score,” said Rosalyn Glenn, a financial advisor at Prudential who focuses on expanding financial access. Effective July 2022, paid medical collection …

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