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Credit and Debt
Blemished credit? Congress weighs changes that could boost scores
Blemished credit? Congress weighs changes that could boost scores

— Do you think you'd have a better chance to qualify for a home mortgage if negative items in your credit files were erased in four years rather than the current seven? How about if your credit reports included information on your utility bills, rent, cable, mobile phone and other monthly payments? Wouldn't this give a nice jolt to your credit scores, assuming that you've paid these bills on time? Shouldn't this be federal law? Millions of Americans have stakes in the rules governing credit — especially people who could use a little credit help to qualify for a mortgage. A recent hearing before the House Financial Services Committee touched on these...

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