What Is the Equal Credit Opportunity Act?

What Is the Equal Credit Opportunity Act?

The Equal Credit Opportunity Act (ECOA) is a federal law that prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant has exercised his or her rights under the Consumer Credit Protection Act. Checkout this video: What is the Equal Credit…

What Credit Score Do Lenders Use?

What Credit Score Do Lenders Use?

Find out which credit score lenders use when considering your loan application. Credit Score Do Lenders Use?’ style=”display:none”>Checkout this video: Introduction There are many different credit scores that lenders use when considering a loan application. The most common scoring model is the FICO® Score, which ranges from 300 to 850. However, there are also other…

What is a Lender Credit?

What is a Lender Credit?

Find out what a lender credit is and how it can save you money on your mortgage. Checkout this video: What is a Lender Credit? A lender credit is when a mortgage lender agrees to give the borrower a credit at closing in order to lower the interest rate. Lender credits are common with refinance…

How Does Credit Strong Work?

How Does Credit Strong Work?

Credit Strong is a credit counseling and credit optimization service that works with you to improve your credit score. Checkout this video: How Does Credit Strong Work? Credit Strong is a credit counseling and credit optimization service. The company essentially uses financial analysis and credit optimization software to help clients improve their credit scores. Clients…