Credit Score Changes Increases Your Scores In 2019

Credit Score Changes Increases Your Scores In 2019

There are 2 major changes on how credit scores are calculated coming out this year. It is anticipated that it will better anyone scores, according to Realtor.com.

One credit score company is viewing how you are managing your checking and savings account and money market accounts in addition to reviewing payment history for credit cards and consumer loans.  Another company will include utility bills and cellphone payments to the consumer loans. 

Analyst are predicting a 10-20 point increase on your credit score can be the difference between loan approval or denial.  Also having a lower interest rate for increasing your credit score can save borrowers thousands of dollars over the life of the mortgage loan. 



Karin Waterschoot-Perez Headshot
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Phone: 614-774-1741
Dated: June 13th 2019
Views: 172
About Karin: Experienced Realtor, Karin Waterschoot-Perez, currently serves buyers and sellers located in and aro...

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