Need to build credit, but don't know how to get started? Give alternative credit a shot.
During the loan approval process, lenders look at three factors: credit, capacity and collateral - informally known as the Three Cs of Underwriting.
Legally speaking, lenders have to accept alternative credit information if you provide it to them.
There are quite a few differences between alternative credit bureaus and the three major credit bureaus. Do you know what they are?
Individuals with high credit scores get lower interest rates on loans, have an easier time renting apartments and can buy better vehicles than those with poor or nonexistent credit.
FICO has had a huge impact on the everyday lives of millions of Americans. Would you be able to get the mortgage to afford the new house? Will you be approved for that credit card? All of this is directly influenced by the consumer’s FICO score.
You'll have to interact with your lender for decades, potentially - so it's very important that you do your research.
A financial advisor can help you set up a 529 college savings plan and establish a stock investment portfolio.
After serving at home or overseas, the last thing you want to think about is your credit score. Unfortunately, it's a deciding factor for many businesses and lenders assessing your creditworthiness. Thankfully, a proposed bill, if
PRBC.com, the leading source of nontraditional consumer credit scores and services, is pleased to announce new features designed to further empower customers to take firm control of their own credit scores. Most notably, PRBC.com now offers
This past weekend's national motocross race was held at Muddy Creek Raceway in Blountville, Tennessee.During Saturday's race, Ronnie Stewart, #69, was well on his way to one of his best qualifying positions when he lost control of the back
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Buying a new car is exciting, but it does come with its stresses - the auto loan approval process being one of them. After reviewing your traditional and alternative credit reports and providing you with a loan, your lender will keep the title
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Trying to get your finances under control? Here's a money management tip: automate your bill payments. There are two advantages of doing this.
So, you have this alternative credit report. The only problem is, small lenders and other business won't use them to assess your creditworthiness.