Surprise Credit Score Rise Affects Lucky Costa Mesa Homebuyers
By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
It isn’t exactly Christmas-in-May, but for some Costa Mesa consumers, a valuable present they weren’t expecting will show up this month. The surprise gift will arrive in the form of a boost to their all-important credit score. The newly minted credit scores could be improved by as much as 30 points—enough of a jump that some Costa Mesa recipients could find themselves newly eligible for home loans with lower rates. That will happen if the increase promotes them from one credit score “band” to the next. The windfall comes as a result of a revision in the way the three major credit bureaus—Equifax, Experian, and TransUnion—deal with tax records (the negative ones, that is). Up until mid-April, any tax lien that appeared in Costa Mesa consumers’ credit records resulted in significant ding...
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