By taking advantage of trended credit data, you could come out on top. Here’s how.
This term refers to the new way that lenders are able to assess your credit behavior over a period of two years. They can tell exactly how we use our credit cards.Verify your mortgage eligibility (Oct 1st, 2022)
For example, many of us aggressively pay off our debt by making extra payments each month. That separates us from those who spend a lot and make minimum payments. Your credit behavior is a big factor in whether a lender wants to take a risk by lending you money.
Now, they believe they can make that decision based on your trended credit data. Knowing this, it’s time to take advantage of this opportunity. How? By increasing our minimum credit payments. By paying just a little more than your minimum each month, you’ll put yourself in a much better light in the eyes of lenders—even without a perfect credit score!
If you have any questions or need more information, feel free to reach out to me. I look forward to hearing from you soon.Show me today's rates (Oct 1st, 2022)