How to Boost Your Credit Borrowing Power
In this video, Shonda Martin breaks down the concept of borrowing power and how it differs from your credit score. Learn about the factors that lenders consider when assessing your credit profile and discover practical tips to enhance your borrowing potential.
Timestamps:
00:00: Introduction to Borrowing Power
00:20: What is Borrowing Power?
00:42: Credit Score vs. Credit Profile
01:09: Importance of Credit Profile Over Credit Score
01:32: Factors Influencing Credit Approval
02:11: Impact of Late Payments on Credit Profile
02:38: Time Since Last Missed Payment
03:38: Hierarchy of Late…
The skinny
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