TransUnion and Equifax Forced to Pay For Deceiving Consumers About Paying for Credit Scores and Services

When TransUnion and Equifax got caught for defrauding consumers by urging them to unnecessarily pay for credit scores and products, the Consumer Financial Protection Bureau (CFPB) stepped in to make things right. Now, the CFPB has taken strong action against the credit reporting agencies, forcing them to pay stiff fines as restitution to those they deceived.

In fact, TransUnion and Equifax have been ...

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Blue Water Credit’s top-10 blog posts of 2016.

As the confetti falls on another New Year and the calendar page flips to 2017, we’re reminded by how truly incredible 2016 was. To commemorate the last 365 days and say goodbye to 2016, we decided to put together our top-10 blog posts of the year, as determined by reader views.

As always, thanks for reading, sharing, and follow Blue Water Credit, and please reach out to us if you need any advice or help with your credit score in 2017. ...

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Trended Credit Data is the new “trend” in Fannie Mae underwriting

There is a new “trend” in mortgage loan underwriting, but thankfully, it’s not Pokémon Go, skinny jeans, or wearing a smart watch. Instead, the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, announced that they will soon require all lenders to use “Trended Credit Data” when underwriting single-family homes for mortgage loans.

In case you’re not up on the latest “trends” (if you see hundreds of young people walking around like zombies at your local park staring at ...

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