Tagged : credit history

Found 1 blog entry tagged as "credit history".

 

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I just read a very interesting article by Kenneth R. Harney, who writes a syndicated column, The Nation's Housing, (New York Times, Chicago Tribune, Inman News, etc.) titled, "Fannie Mae Making Credit Habits into Mortgage Issue." The article was saying that folks with credit cards are considered either a "revolver" or a "transactor" which is determined by whether they make small or minimum payments on their credit card (revolver) or whether they pay off their credit card debt in full each month (transactor). 

Up to now lenders didn't care which we were as long as we were current on any payments.  Credit reports show exactly that too-whether you are current or whether you are in default or late on any and they never showed what we

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