Creditors are raising the bar when it comes to extending credit. EOS CCA offers the following data to assist you in your financial health.
Many creditors have tightened up their credit extension policies, increasing their requirements for consumers. Credit card issuers, mortgage lenders, and auto finance companies are raising the bar. Consumers who want to have credit extended to them, but who have lower credit scores may be denied, or may be required to pay significantly higher interest rates than borrowers with good credit. By paying overdue accounts, you may effectively raise your credit score.