Here's why some consumers will see credit scores rise

Americans Your credit score is going

Come tomorrow morning, your credit score could be increasing on its own.

Both of these actions, of course, negatively affect people's credit scores.

Thanks to new standards implemented at the three major credit reporting agencies, a select group of consumers will see their credit scores rise. However, beginning today, July 1, Equifax, Experian and Transunion will wipe out about half of tax liens and most civil judgments from consumers' credit files. The new policies require additional information such as social security number, birthdate or address before the items can be reported.

According to Nav, a San Mateo-based online financing marketplace which gives free access to personal and business credit reports, cash-flow data and tools to help build business credit, 17.5 percent of small business owners with a Nav account have either a civil judgment or a tax lien on their personal credit report. "They also must be updated every 90 days, it was a little longer in the past".

While having civil judgements and tax liens eliminated from your credit report is good thing, it won't take you from a low credit score to a great credit score. "So anywhere from 12 to 20 million people, and depending on what score you're looking at FICO score will raise about 20 points or less in most cases".

"What it really means is that there is vital information that is being ignored, and the net result will disadvantage the other 93 percent of consumers", Brown said.

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