GOOD CREDIT
WHY
MAKES SENSE BY S UE WI LS ON
Good credit, bad credit, credit scores, credit reports…in the consumer world, it can all be a bit confusing. In the financial world, the idea of credit pretty much drives all the decisions a financial institution makes about a person.
CREDIT: WHAT IS IT?
According to mortgage loan officer Todd Hummel, mortgage loan officer, NMLS ID 747940, Fleetwood Bank, when talking about “credit,” what is usually being discussed is a person’s credit history, including the compilation of how that person borrowed from others, the promises made to repay what was borrowed, and the repayment – how that person kept those promises, for better or worse.
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SEPTEMBER 2021 | berkscountyliving.com
