Let me get this straight: to establish a credit score, Americans need to borrow money at 22% interest from credit card companies?
But paying $1,500 in rent on-time every month like clockwork doesn't boost your score?
This needs to change. Visit trigodata.com.
Trigo was excited to participate in the #FHFATechSprint in D.C. last week. Thank you for hosting @FHFA! Experts came together across the tech, mortgage & gov't sectors to propose solutions for securing the more free & fair flow of #data to expand access to homeownership.
Tune in on Monday for Office Hours Spaces with @El_Profesor_eth to learn more about how rent can supercharge your business, as well as help bridge housing & homeownership gaps across the country!
Tune in on Monday for Office Hours Spaces with @El_Profesor_eth to learn more about how rent can supercharge your business, as well as help bridge housing & homeownership gaps across the country!
Canāt wait to chat with our friend @El_Profesor_eth about the emergence of rent data in the lending community to bridge gaps in homeownership & level the playing field for renters.
Stay tuned for details on our upcoming spaces! šš šš»
Canāt wait to chat with our friend @El_Profesor_eth about the emergence of rent data in the lending community to bridge gaps in homeownership & level the playing field for renters.
Stay tuned for details on our upcoming spaces! šš šš»
Homeowners get the benefit of credit increases when they pay their monthly mortgage on time.
We need to level the playing field for renters to make our credit system more equitable.
Let me get this straight: To raise your credit score and prove you're "financially responsible," you have to buy stuff on a credit card with 19% interest?
But pay your $2,000 rent on time every month and your credit score doesn't change?
We applaud the FHAās inclusion of positive rent history payments into credit union evaluation for first-time homebuyers šš»š
Along with Fannie & Freddie, this is an important step towards a more equitable credit scoring system and bridging homeownership gaps across the country
We applaud the FHAās inclusion of positive rent history payments into credit union evaluation for first-time homebuyers šš»š
Along with Fannie & Freddie, this is an important step towards a more equitable credit scoring system and bridging homeownership gaps across the country
Think rents will continue to rise? Blackstone does.
With rising rates making homes more expensive & inflation driving up the cost of building more supply, there is little relief in sight for renters
Trigo is here to help #leveltheplayingfield for renters
www-globest-com.cdn.ampproject.org/c/s/www.globesā¦
Building credit in the U.S. is not an equitable endeavor.
Most ways to establish #credit involve student loans, credit cards, or parental co-signers.
But, underserved communities are statistically less likely to use these forms of credit to manage their financial lives.
< 3% of US adults have any rental payment history in their credit bureau reports...
...but all homeowners get credit for their on-time mortgage payments, which increases their credit scores.
It's time to #leveltheplayingfield
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