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December 30, 2017 06:00 pm GMT
When you apply for credit, you essentially ask a lender to evaluate your financial picture to make an informed decision about your approval, rate and terms. The information that lenders use primarily comes from two sources: you and private credit bureaus. This system is imperfect. It’s held back by outdated technology at the IRS. New legislation would change this. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aap6ol9YPxY/
How a simple tech upgrade at the IRS could transform the economy
When you apply for credit, you essentially ask a lender to evaluate your financial picture to make an informed decision about your approval, rate and terms. The information that lenders use primarily comes from two sources: you and private credit bureaus. This system is imperfect. It’s held back by outdated technology at the IRS. New legislation would change this. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/aap6ol9YPxY/
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