Beginning May 15th, the credit scoring system is being significantly updated, especially for mortgage lending. New scoring models, including VantageScore 4.0 and FICO 10T, will now consider additional factors such as rent, utility, and phone payments. These models also use “trended data,” meaning they review your payment habits over the past two years instead of looking at only a single moment in time. Benefits - More people can qualify for credit: Adding rent and utility payments may help people with little or limited credit history build stronger credit scores. - Good financial habits are rewarded: FICO 10T places more value on long-term responsible behavior instead of temporary improvements. - Medical debt has less impact: Paid medical collections and medical debts under $500 are generally removed from credit reports. - Quicker error correction: Updated consumer protections are designed to help identify and fix credit report mistakes faster. Drawbacks - Lending standards may feel stricter: Lenders will pay closer attention to debt usage and long-term payment patterns, making it harder to hide poor financial habits. - Buy Now, Pay Later accounts affect credit: Missed payments on BNPL plans can now lower your credit score because these accounts are being reported. - Scores may vary more: Different lenders may use different scoring models, such as FICO 10T or VantageScore 4.0, which can lead to different credit scores being shown. - Mistakes can have longer effects: Since the models look at longer payment histories, errors on your credit report may impact your score longer if they are not corrected quickly.

You must be on vacation….so jealous! 😃

Hello all of my People in Skool-Land! I am back and on track AND want to let everyone know there will be some changes coming soon to this page, including a move to a new page all together! LOL Thank you to all who follow me and please stay tuned this week as I make renovations here and everywhere on Skool! 😉

I see you lots of new members as well! Go Mrs. M - this is the best vibe I've seen in SKool. You go girl!

Welcome to educators in schools or at home who are trying to navigate real classrooms full of promising kiddos while also trying to survive under strict legislation and curriculum guidelines! Hi! I’m Stacy, a well worn teacher with 23 years experience in the early childhood setting! If you have been around like me, you know, much like the weather in Texas, if you don’t like the curriculum, give it a minute… it will change! I’m here to help you find your way to a happy, developmentally appropriate classroom again all while maintaining those pesky curriculum requirements!