1 – What is it?
“Trended credit data” is an analytical tool that helps lenders better evaluate your spending habits. It’s a detailed analysis of the last 24 months of your credit history, including:
Month-by-month balances on your credit cards and other debts; and,
The difference between your scheduled minimum payment and your actual payment amount.
2 – Why does it matter?
Mortgage lenders are now required to use “trended credit data” when they evaluate your loan application. This helps them to spot trends including:
Do you typically max out your credit cards; and if so, which ones?
Do you typically you pay off your credit card balances each month?
Do you intend to carry a balance from month-to-month while making minimum or other payments?
3 – How does it impact you?
Trended credit data does not impact your credit score. It simply gives the lender a more thorough analysis of your balance and payment history over the past 24 months. For example, if you typically pay off your balances in full, this may positively impact your loan application. On the other hand, if you typically max out your credit cards and make only the minimum payments, this may negatively impact your loan application.

You can always request a copy of your credit report from your mortgage lender, and it will now include your trended credit data. If you notice any errors, feel free to dispute the errors with the credit bureaus using their standard dispute procedures. Please contact me if you have any questions or for further information.