Scoring models

  • Scoring Model Changes Are Coming

    • November 2, 2022
    • Posted by: Mindy Leisure Director of Rescoring Services
    • Category: News
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  • Medical Debt Reporting Changes Coming

    • April 14, 2022
    • Posted by: Mindy Leisure Director of Rescoring Services
    • Category: News
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  • Credit Reports May Be on the Verge of a Major Overhaul

    • July 29, 2021
    • Posted by: Mindy Leisure Director of Rescoring Services
    • Category: News
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  • Big Changes Coming For Credit Reporting Agencies

    • January 25, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Thanks to a 2015 settlement agreement between the New York Attorney General and the three credit reporting agencies, some important changes are on the way in regards to credit reporting. An additional agreement between the credit reporting agencies and another 31 state attorney generals ensure that the change will be nationwide. The changes are being

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  • Reading a Credit Report

    • December 28, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    Credit reports can be very confusing to read at times. There is a lot of information to decipher, codes that may not always make sense, etc. There are some basic things to know that may help when you are looking at a credit report. While there are several different scoring models available for each bureau,

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  • Revolving Accounts – What You Need To Know

    • August 31, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    Revolving balances play an important role in your credit score calculation. The total of your revolving debt makes up about 30% of your credit score. Balances on installment loans don’t have any where near the impact on credit scores as revolving balances do. While having a revolving balance or two can help your credit scores,

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  • Fannie and Freddie May be Forced to Make Some Changes in the New Year!

    • January 7, 2016
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    The Federal Housing Finance Agency (FHFA), the agency that oversees mortgage investors Fannie Mae and Freddie Mac, have ordered the companies to make plans to utilize alternate and/or updated scoring models in 2016 and to move forward in implementing them. This change would have a major impact on credit reports once they are implemented. Right

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