Many tax liens and civil judgments soon will be removed from people’s credit reports, the latest in a series of moves to omit negative information from these financial scorecards. The development could help boost credit scores for millions of consumers, but could pose risks for lenders. The three major credit-reporting firms—Equifax, Experian and TransUnion—recently decided to remove tax-lien and civil-judgment data starting around July 1, according to the Consumer Data Industry Association, a trade group that represents...

Source: Wall Street Journal March 12, 2017 17:00 UTC