financial facts: How to Improve Your Credit Score - 09/04/18 06:23 AM
   
Your credit scores usually determine the price you pay for your money (your mortgages, your auto loans and leases, your credit cards, business loans, etc.). Perhaps the most significant part of your credit report is your credit score. Credit scores range from 350 to 850, with 850 being the best possible credit score that you could receive, and 350 being the worst possible credit score. There are five factors that determine your credit score:

Your Payment History: 35% impact on your credit score Paying debt on time and in full has a positive impact. Late payments, judgments, charge-offs, collection … (2 comments)

financial facts: 3 Things You Should Know About “Trended Credit Data” - 06/18/18 08:21 AM
1 – What is it?
“Trended Credit Data” is an analytical tool that helps lenders better evaluate your spending habits.  It’s a detailed analysis of the last 24 months of your credit history, including:
Month-by-month balances on your credit cards and other debts; and, The difference between your scheduled minimum payment and your actual payment amount.  
2 – Why does it matter?
Mortgage lenders are now required to use “trended credit data” when they evaluate your loan application.  This helps them to spot trends including:
Do you typically max out your credit cards; and if so, which ones? Do you typically you pay … (1 comments)