New Trended Data Credit Reports and How it Affects Your Credit Life
Trended Data Credit Reports Explained
As we like to say “Everyone is a number, so you might as well have a good one”. Lenders have based decisions to approve or deny on your credit score number. Even employment and insurance rates can be based on your credit score! Now with Trended Data, a person’s credit reports are going to have more in depth information than ever for lenders to base credit decisions.
So what is trended data?
Just like fashion trends come and go, so does your credit profile. Your balances and payment habits ebb and flow over time like a trend. Trended data provides historical information on the balances, previous scheduled payments, and the…