Your Rent and Utility Payments - A New Credit Score
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Auto dealers and credit card companies have already embraced the credit scoring system in which would be borrowers use rent, utility payments and a clean checking account to build credit. This expansion launched by FICO (What is Credit - for more info) is designed to help prospective borrowers with minimal credit histories obtain loans and credit scores.
Mortgage lenders are unlikely to use this system unless Fannie Mae and Freddie Mac purchase these loans.
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Moxley Team serves Pleasanton Home Buyers and Pleasanton Home Sellers. From Dublin Ranch Condos to Dublin Ranch Luxury Homes the Moxley Team of Alain Pinel in Pleasanton provides Home Buying Tools and Home Selling Tips. MoxleyTeam.com provides info from Pleasanton Home Sales to Dublin Ranch Developments, Dublin Ranch News and Foreclosures in Pleasanton and Short Sales in Dublin Ranch.
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