You see, our Credit Reports are simply a reflection of our current and
past financial behaviors.
Trended data allows a lender to see more
past financial behavior — up to 30 months — in a new light.
Your credit report (or credit history) is a record of
your past financial behavior — mostly showing how you've dealt with loans and debt.
Insurers can analyze information about
your past financial behavior — like how frequently you've had late or missed bill payments and how much debt you have — to generate your credit - based insurance (CBI) score.
Not exact matches
An individual's
past experiences with money are what shape these attitudes, which then inform their
financial decisions and
behavior throughout their life.
Over the
past three years, by focusing on promoting a culture of open communication, trust and accountability - and rewarding these
behaviors - the company has seen measurable growth and the
financial returns to prove it.
Remember, most lenders want to know that you can repay a loan (which is why they ask about revenue, cash flow, and other
financial metrics), will you repay a loan (which is demonstrated by your
past credit
behavior and why your credit profile is so important), and that they can count on you to make each and every payment in a timely manner regardless of what happens during the loan term.
Over the
past two years, the
behavior of the stock market can be described less as an ongoing bull market than as the extended topping phase of what is now the third
financial bubble since 2000.
Once again, as he has done in the
past to delay or stop projects that affect his
financial status, Mr. Friedman is attempting to justify his
behavior by confusing the public to insure his re-election.
Wasn't all this extrapolating the
past into future one of the
behaviors that led to massive losses during the
financial crisis?
Remember, most lenders want to know that you can repay a loan (which is why they ask about revenue, cash flow, and other
financial metrics), will you repay a loan (which is demonstrated by your
past credit
behavior and why your credit profile is so important), and that they can count on you to make each and every payment in a timely manner regardless of what happens during the loan term.
ICFE DCCS ® Independent Study Guide Table of Contents Consumer
Financial Protection Bureau to oversee debt collectors Collection agencies and junk debt buyers - Mini-Miranda What to do if a debtor is contacted about
past debts Sample cease and desist letter Fair Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive
behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resources
When a lender reviews these documents to see how you have managed your
financial obligations in the
past, they will see this pattern of irresponsible
financial behavior.