Here's why some consumers will see credit scores rise

Thanks to new standards implemented at the three major credit reporting agencies, a select group of consumers will see their credit scores rise.

The changes mean many civil debts and tax liens will now be excluded from credit reports, CNBC reported. The new standards went into effect Saturday.

Approximately 7 percent of the population will have a judgment or lien removed from their file, and could see a credit score increase of up to 20 points, CNBC reported, though many will see a more modest increase.

A LexisNexis representative told CNBC that the higher credit scores could cause banks to increase interest rates on consumer loans as a way to compensate for the additional risk of an increased borrower pool.

About the Author