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Showing posts from April, 2018

Change Isn’t Necessarily a Good Thing When it Comes to Credit Reports!

Back in March of 2015 Equifax, Experian and TransUnion launched a website, http://NationalConsumerAssistancePlan.com. This website was setup to inform consumers about the implementation of the National Consumer Assistance Plan. This mission of the NCAP was to make credit reports more accurate and easier for consumers to correct mistakes found on their credit report. This sounds great, but it has had a negative impact on property owners conducting background checks.
 On July 1, 2017, Equifax, Experian and TransUnion began to exclude most public tax lien and all civil judgment information that didn’t meet the new NCAP standards. The new standard requires each credit bureau to remove records that did not include a person’s name, address and either a Social Security number or date of birth. It also requires Equifax, Experian and TransUnion to verify public record information by visiting court houses every 90 days. When you remove tax lien and civil judgment information from a consumer c…