New Credit Report Includes Rent-to-Own Contracts, Payday Loans

The company also maintains that consumers will be able to easily dispute any misinformation they find on the new report. 

“As with other credit reporting agencies, consumers have the ability to dispute erroneous information quickly and have it accurately resolved, or to even freeze access to their credit information all together,” Grace said.

Want to know more about how traditional credit scoring models work? Check out MainStreet’s in-depth look at who’s behind your credit score.

—Jeanine Skowronski is staff reporter for MainStreet. You can reach her by email at Skowronski.jeanine@thestreet.com, or follow her on Twitter at @JeanineSko.