SALT LAKE CITY, April 14, 2017 (GLOBE NEWSWIRE) -- Lexington Law Firm, a consumer advocacy law firm and trusted leader in credit repair, recently announced their support for the decision made by the three major credit reporting bureaus— Equifax, Experian, and TransUnion— to remove certain tax liens and civil judgments from consumers' credit reports.
Millions of U.S. consumers may see increases in their FICO scores as a result of how the bureaus will change tax lien and civil judgment data. This change may help many consumers become more credit-worthy. Credit reports and scores are deciding how much credit to extend to consumers for mortgages, car loans, and credit card spending limits.
"The recent decision by the credit bureaus to thoroughly reinvestigate reported tax liens and civil judgments will assist the American consumer to ensure that their respective credit reports remain fair, accurate and substantiated," said John Heath, Directing Attorney at Lexington Law.
Beginning July 1, 2017, Equifax, Experian and TransUnion will remove unsubstantiated tax lien and civil judgment data The Bureaus will remove the negative data unless they can identify at least three of four data points : a person's name, address and either a social security number or date of birth.
About Lexington Law
Lexington is a consumer advocacy law firm that focuses its practice on consumer credit report repair. Lexington has helped hundreds of thousands of clients work to improve their credit. The firm is comprised of dedicated attorneys and paralegals who deliver professional services to clients on a daily basis. By leveraging consumer rights to resolve issues with creditors, data furnishers, and credit bureaus, Lexington works to ensure that its client credit reports are fair, accurate and substantiated. For details about Lexington's services or attorneys, please visit www.LexingtonLaw.com.
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Lexington Law Backs Credit Bureaus' Decision to Exclude Certain Credit Report Data
Lexington Law stands behind the three major credit reporting bureaus' decision to omit unsupported tax liens and civil judgment data from credit reports
| Source: Lexington Law