Tighter Lending Standards Includes Tougher Credit Ratings

From Jane J. Kim of RealEstateJournal.com comes Credit Scorers Find New Ways to Judge You.  As lending standards continue to tighten, many credit rating agencies are delving further into your payment history than ever before in their effort to provide greater peace of mind to lending institutions.  Check out some of the ways in which each agency is changing the way they report your credit worthiness:

"Hey honey, did we pay that phone bill yet?"

This entry was posted in Market Insight. Bookmark the permalink.

Comments are closed.