7 cfpb report on the use of remittance histories in credit scoring people who send remittance transfers may be less likely to use the credit sources that trigger the creation of a credit record or some of them may have recently im migrated to the united states and had insufficient time to establish a credit history. Report on the use of remittance histories in credit scoring the dodd frank act directed us to study the potential for remittance information to enhance consumer credit scores we issued a report to congress on this subject in july 2011. On july 3rd the cfpb released a report on the use of remittance histories in credit scoring the report section 1073e of the dodd frank wall street reform and consumer protection act required the cfpb director to study the feasibility of and impediments to using remittance transfer information ie information regarding electronic fund transfers made by us consumers to . Your credit report and score can affect your ability to get a loan rent an apartment or even qualify for a job a credit report shows your bill payment history current debt and other financial info companies and lenders use your credit report to calculate your credit score a number usually between 300 and 850. The information in your credit report is used to come up with your credit score without a credit history theres no credit score your creditors arent required to report your payment
How it works:
1. Register Trial Account.
2. Download The Books as you like ( Personal use )