Wednesday Jun 21, 2023
The Mindset Needed To Become Wealthy, Lenders Use Nontraditional Credit Scores To Find More Borrowers | Wealth Wednesday
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
On today's episode we discussed:
Lenders turn to nontraditional credit scores to find more borrowers
- More US lenders have adopted or are looking to adopt credit scores that use non-mainstream scoring data to help more borrowers qualify for credit.
- What could happen if lenders lean into these alternative scoring options?
- borrowers previously overlooked by more traditional credit scores may have an easier time qualifying for personal loans, credit cards, or a mortgage
- Creating more inclusion in the black and brown communities
The mindset needed to invest, become wealthy, be a entrepreneur
- You have to believe you deserve it
- You have to believe wealth is possible for you
Follow us on IG: @latinwealth
Email for questions or inquiries: latinwealthpodcast@gmail.com
Version: 20240320
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