Marketplace®

Daily business news and economic stories

Consumer credit-scoring system to eliminate error-prone data

Consumer credit reporting agencies are going to start eliminating some information from credit reports that might reflect negatively on would-be borrowers. Some of that information has been prone to errors in the past, and consumer advocates argued it was unfair to consumers. This is likely to raise credit scores for some who would not be […]

Consumer credit reporting agencies are going to start eliminating some information from credit reports that might reflect negatively on would-be borrowers. Some of that information has been prone to errors in the past, and consumer advocates argued it was unfair to consumers. This is likely to raise credit scores for some who would not be considered creditworthy in the past. It also might increase the risk to lenders.

Click the audio player above to hear the full story.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    2 days ago
    26:08
  • Make Me Smart
    2 days ago
    27:42
  • Marketplace Morning Report
    2 days ago
    7:08
  • Marketplace Tech
    2 days ago
    11:03
  • This Is Uncomfortable
    5 days ago
    56:05
  • Million Bazillion
    a month ago
    32:45