@funnyleonidas: Not everyone should use VantageScore 4.0 and FICO 10T — here’s what nobody is telling you. ⚠️ These new scoring models are only beneficial if you have a clean credit history. Here’s why. VantageScore 4.0 and FICO 10T track the last 24 months of your credit history — that’s called trended data. If your history is clean, this works in your favor because you can report your rent and utilities to boost your score and lenders will see consistent, positive behavior over time. But here’s the part people are missing 👇 Let’s say you had collections on your credit for the past year and a half with a 550 score. You worked hard, repaired your credit, removed all the negative items and boosted your score 200 points to a 750. That’s amazing — but with trended data, lenders can still see that for the majority of those 24 months, you had bad credit. And that a short period of good credit right before applying could get you denied. So what should you do instead? 👇 If you’ve recently repaired your credit, stick with the old mortgage scoring models — FICO 5, 4, and 2. These do NOT show trending data. Lenders only see your current score and your current credit history. Nothing from the past. Know which scoring model works for YOUR situation before you apply. The wrong one could cost you the loan. Save this and share it with someone in the credit repair process. 🏡 Follow for more as these changes continue to unfold. #fhaloan #creditscores #fico10t #mortgages #vantagescore

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2026-05-22 03:35:58

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