Question: Our client has 3 tradelines, but they are all authorized user accounts. I have received a GUS accept, so am I able to move forward or do I need to do anything further? Answer: The good news is USDA revised chapter 10 credit analysis effective January 28th, 2020 that eliminated the requirement for credit […]
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Answer: Unfortunately, deferred student loans without 12 months of repayment history are not eligible tradelines to validate credit. Here is what the regulations state… Confirm the applicant has at least two eligible tradelines reported to the credit bureau. The tradeline may be open, closed and/or paid in full by the applicant. Eligible tradelines include: Loan […]
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