Payment History
What does it mean
Within a Credit Report, Payment History evaluates an individual's track record in making timely payments. A spotless record with no late payments is considered favorable, while tardy payments are perceived negatively.
Why does it matter
Understanding the factors that influence a person's credit score is crucial, as this score has a widespread impact on various aspects of life. Sharing this knowledge with your customers can set you apart from your competitors.
Other Relevant Terms
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The Debt Service Coverage Ratio (DSCR) is one of banking's favorite ratios. Want to ace it without breaking a sweat? No problem! We've got some simple, no-fuss pointers that will help you nail this ratio every time. You've got this!
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A bit about me
Greetings! I'm Clay Sharkey, and there is nothing I like more than assisting others in achieving their goals. I firmly believe that by enhancing a banker's understanding of their customer's' business, they can provide superior service. This superior service, in turn, leads to stronger relationships for the bank, improved performance for the businesses, and better experiences for our communities. Win-win-win.
