It could be a boon for some homebuyers – their credit scores will get a surprise boost – but worrisome for mortgage lenders, landlords and others who depend on credit reports to evaluate their potential customers. In a little-known policy shift, the three national credit bureaus – Equifax, Experian and TransUnion – plan to stop collecting and reporting substantial amounts of civil judgment and tax lien information on public records affecting millions of American consumers starting July 1. Both types of information have negative impacts on credit scores and remain in credit files for extended periods.
