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How new changes by credit-reporting firms may affect you

The three big credit reporting agencies are making changes that could help steer some consumers clear of the credit dog house.

Data collected by the agencies Equifax, Experian and TransUnion on hundreds of millions of people are used to create credit scores. Those scores can determine who gets a loan and how much interest is paid on it.

The move stems from months of negotiations between the companies and New York Attorney General Eric Schneiderman, one of several state attorneys general who have placed the credit reporting industry under increased scrutiny.

By Michelle Chapman And Alex Veiga

Full Story: http://www.deseretnews.com/article/765669863/How-new-changes-by-credit-reporting-firms-may-affect-you.html

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