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However, the current administration has implemented and proposed several changes to the credit reporting and scoring landscape, including: - Accepting Alternative Credit Scoring Models: The Federal Housing Finance Agency (FHFA) has approved the use of new credit scores, VantageScore 4.0 and FICO 10T, for mortgages sold to Fannie Mae and Freddie Mac. These models consider additional data, like rent payments, which could help more Americans qualify for loans, especially those with limited credit history. - Changing Credit Reporting Requirements for Mortgages: Lenders will soon be able to use a "bi-merge" report pulling data from two credit bureaus instead of the traditional "tri-merge" report (three bureaus), potentially lowering costs for borrowers and fostering competition among credit reporting agencies. - Addressing Medical Debt on Credit Reports: The Trump administration is attempting to reverse a Biden-era rule that aimed to limit the impact of unpaid medical bills on consumers' credit history, according to The New York Times. The New York Times reports that a federal judge has blocked a rule intended to make it easier for many Americans to get loans by removing medical debt from credit reports.  In addition to these government-related changes, it's worth noting that FICO, a private company, is also making changes to its scoring model, FICO 10T, which will incorporate "buy now, pay later" (BNPL) loan data starting in Fall 2025. This change reflects the increasing use of BNPL loans and could lead to shifts in credit scores for many consumers, according to Newsweek 💯🙏🏽

Yup it's true I was this…… close to closing down this group !!! With the birth of my daughter and the full time restaurant I run ( all from business funding btw) I simply do not have the time to be as active in this group as once was. So it was either shut the group down , or find someone that I trust and is not a guru but a duru with this business funding stuff. So I chose to have someone else continue the mission with providing people value when it comes to business funding And his name is @Evan Rugen , has gotten over $1.2 million in business funding yes let me say that again $1.2 million in business funding. He knows what he is talking about and I have learned a ton of new stuff just from a few conversations with him. I will still be active in the group monitoring it making sure there is no spam , posting yt videos when I can . If anyone who is interested in getting business funding with evan and his team here is the link https://tinyurl.com/j9j9x45k If you want join his inner circle where he shares all the data points on getting business funding weekly calls funding plays etc https://tinyurl.com/2kfsbjj3 Here is the replay to the Million dollar Roadmap class by evan