Consumers’ cellphone and utility payments will soon be added to one of their major credit reports, a move that will likely boost the credit scores of millions of people and increase loan approvals.
Experian PLC, one of the largest credit-reporting firms in the U.S., will start factoring in this payments information for some consumers early next year. The data will be added to Experian credit reports and the credit scores that lenders often check when deciding whether to approve applicants for loans.
Source: on 2018-12-18 05:32:36
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