Will your credit score go up this weekend?

Previously, these items required little information to be included in credit reports. The new policies require additional information such as social security number, birthdate or address before the items can be reported. Reporting will also be more frequent, at least every 90 days, so that records will be updated faster.

Personal finance website WalletHub offers the following findings :

According to WalletHub's analysis, 6% to 9% of Americans with a credit report (or 12-20 million people) will see their credit score improve when the changes take effect.

Most people will see their credit score increase 20 points or less with the average increase at 10 points.

The individuals who are most likely to see their scores rise (a 30% chance) are people with credit scores in the range of 351 to 500.

Anyone with a score above 600 has a less than 2% change of seeing their credit score rise. The average credit score in the US is 699.

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.

There are several other factors that have a bigger impact on your score, such as paying your bills on time (about 35% of your score) and the amount you owe (about 30%).

Under federal law, you can get a free credit report each year which will help you determine if there is any damaging information that may be impact your credit score.

Georgia residents are entitled to an additional report from each of the credit bureaus which means you can check your report twice a year free of charge .