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What types of credit can qualify as alternative credit for tradelines?

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Latest post Mon, Feb 9 2009 5:22 PM by MisterVA. 3 replies. Viewed 723 times.
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  • Mon, Jan 19 2009 12:58 PM                

    I have a lender where I need a total of three more tradelines from my borrower.

    In similar circumstances, what have you all used as alternative forms of credit for tradeline conversion?

  • Mon, Jan 19 2009 1:18 PM                 In reply to

    Phone, utility, insurance, rental history, cable, all come to mind.

    PREMIUM MEMBER
    Going the extra mile is my normal route, even with today's gas prices.
    Kent Mikkola, Mortgage Consultant, M & M Mortgage, LLC, 1700 W Hwy 36, Ste 130, Roseville, MN 55113, Direct 651-558-9807, kmikkola@themmmortgage.com
  • Mon, Feb 9 2009 4:13 PM                 In reply to

    I've used tradelines as off the wall as storage facilities, children's day care and private school tuition.   

  • Mon, Feb 9 2009 5:22 PM                 In reply to

    Those rent-to-own places with the weekly payments are possible sources, too.  Although, I would not pay $1500 for a $300 TV myself.

    PREMIUM MEMBER
    Paul Chandler, Certified Mortgage Professional
    Prime Lending
    pchandler@primelending.com
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