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Podcast: Latin Wealth
Episode: The Mindset Needed To Become Wealthy, Lenders Use Nontraditional Credit Scores To Find More Borrowers | Wealth Wednesday
Description: 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...