It’s shaping up to be a better year than expected for the credit reports of hundreds of thousands of American consumers.

A recently completed study of millions of credit files by credit score giant FICO found that forthcoming policy changes by the nation’s three credit bureaus—Experian, TransUnion and Equifax—will result in increased credit scores for a large swath of American consumers. While the FICO study found that the majority of consumers likely won’t see any noticeable change in their credit scores resulting from revised credit reports, it also reported that hundreds of thousands of consumers could experience an even larger-than-initially expected bump in their credit scores—as much as 40-60 points, or more. Continue reading “The Evolving World of Consumer Credit Reports” →