Useful information regarding consumer credit, credit scores, interest rates, and responsible borrowing.
increase your chances for better rates
t is important to know that lenders do not make decisions based on credit score alone. While credit score does play an important part in the decision making process, it is only one piece of the puzzle. Knowing more about your personal credit and what types of things lenders look for when making credit decisions will help you on your loan search to find the best rates and terms or to know what things you need to fix in order to be more appealing to lenders.
credit decisioning basics
how lenders see you
Contrary to popular belief, to most lenders, you aren’t just a number. Credit score is important but it is not the only basis by which lenders decide to lend. Knowing what they look for when evaluating your credit application will help you decide which is the best loan option for you.