Скачать или смотреть HOW NEW CREDIT IMPACTS CREDIT APPROVALS || What Are Banks Looking At Now

The New Credit factor only impacts credits scores by 10%. Lenders are emphasizing the New Credit factor's importance when reviewing applicant credit information. More Consumers with excellent credit scores are being denied because of this importance to New Credit practiced by Lenders. This video looks at how this impacts an applicant's chances at getting approved for credit.

The internet has made credit card churning (signing up for many credit cards to receive signup bonuses) more mainstream. It's widely practiced and many Lenders have adjusted their risk models. One adjustment is weighing the importance of the New Credit factor. This adjustment looks beyond the credit score and categorizes applicants into another risk category based on New Credit activity like Hard Inquiries and New Accounts Opened.

This additional hurdle applies mostly to cards with lucrative signup bonuses or offer huge rewards for ongoing spending. There are many other credit cards that offer little to no rewards that can still be attained with a good credit score. If your goal is to get a great credit score, then New Credit won't have much effect if these less rewarding types of credit cards are added to a credit history. However, adding these types of cards can still pay off in the long term with much more favorable rates/terms for home, car, and student loans. So the #NewCredit factor's impact is still minimized for achieving favorable rates on loans.

The key is getting more payments in a credit history. See Screaming Lincolns video on everything to know on the Payment History factor here:

   • EASY WAYS TO HACK PAYMENT HISTORY FOR 800 ...  

For more information on how to cheat at getting lengthy Payment Histories in a credit history, see Screaming Lincolns video on Authorized Users here;

   • AUTHORIZED USER PIGGYBACKING | 800 Credit ...  

Were you recently denied with a good score? Let me know of your experience in the Comments!

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NO REQUESTS FOR SUBS OR LIKES

JUST THE DATA. Use this data to your benefit. Watch again or watch other Screaming Lincolns videos to build your own understanding of credit.

You won't find annoying, lengthy intros for Calls-To-Action for Likes, Bell Notifications, Subscribe, or Sales Pitches in any Screaming Lincolns video, just the data. Your time is too important. Too much time is wasted in YouTube videos with Creators' lengthy intros telling Viewers to Like/Sub/Sign-up for this&that blah blah.

Please break my conchae with your fist if I ever request you, the Viewer, to "Hit that Like Button" or "Tap that Bell Notification" in any Screaming Lincolns video.

Please share this video with someone who could benefit from it. The credit game is best played in multi-player mode, as multiple signup bonuses can be scored with the right strategy. Referrals are always nice for yourself! You'll go further in your credit journey with an accountability partner, too.

Got a question? Don't be shy! Hit me up in the Comments anytime!

What are you waiting for???

~Cap

DISCLAIMER: I have NO affiliation or agreement with any of the other Lenders or Entities discussed in this video.

DISCLAIMER: This video is for informational purposes only. Consult a licensed finance professional or credit specialist as needed.

DISCLAIMER: All information presented here has not been reviewed or approved by any of the Lenders discussed in this video.