These days it takes more than high credit scores & great income to be approved for loans.
In today’s economy loan applicants need a specific amount of trade lines, or credit accounts, reported on their credit profiles or they will be denied funding.
These trade lines must be under the applicants name as the primary account holder & in most cases must be open, active, & a specific age.
Check with your banker to find out how to plan ahead and make life easier for yourself years before applying for a loan.
Strategy & credit go hand in hand when success is the goal!!