Credello: Lenders Are Looking at Other Things Besides Your Credit Score

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Credello: If you're considering getting a personal loan soon, you need to prepare your finances to look their best. Many people will only focus on their credit scores, but did you know that there are more factors that affect your ability to get a loan? It's true! Here are the other ways lenders can determine whether or not they should approve your loan application.

1. Your bank account history

Lenders want to see that you have the money to make your monthly payments and will often check out your bank account's histories to see how responsible you are with money. What they're typically looking for is that your account has a positive balance for most of your history and that you have some kind of history-making recurring payments to a company, such as a utility or data company. 

Relying on your banking history is a relatively new change lenders have made as a way to make getting a credit history more accessible to previously underserved communities. Because of this, it's become even easier to get an installment loan with bad credit or no credit.

2. Rent payments

Another way lenders are opening up their criteria for loan approvals is by reviewing your rental history. Like your bank account, this is a way for lenders to determine how responsible you are at handling regular payments to a company, like a landlord. 

3. Data trends

Many financial experts have advocated for lenders and credit bureaus to expand their criteria to more historical trends that include, but are not limited to, credit scores. While your credit report is a standardized method for determining creditworthiness, it's often limited to a "snapshot" of your financial history that might not account for things like COVID-19-related job fluctuations, sudden medical debts, or other anomalies. 

However, don't assume that a historical trend of positive financial habits will completely wipe out a bad credit score. You may get approved for a loan, but lenders still offer the most competitive interest rates on personal loans for excellent credit scores of 700+.

How to improve your chance of getting approved for a loan

The best way to improve your chances of getting approved for a personal loan is to ensure you're prepared with your financial information. While credit scores are no longer the only factor affecting your approval odds, they're still the highest priority for lenders, so focus your effort on getting your score as high as possible before applying.

The easiest way to improve your score quickly is by concentrating on the two most heavily-weighted factors on a credit report: the number of on-time payments and your credit utilization ratio. The lower your credit balances and the more on-time minimum payments you make, the better your score will be.

In addition, speak to lenders beforehand to see what other criteria they might use and prepare documents relevant to each criterion. Bank account statements, rental agreements, and even a letter of recommendation from your landlord could go a long way toward improving your odds of getting a loan.

The bottom line

Lenders are expanding their criteria for loan approvals beyond just your credit score, and there are many ways to improve your chances of getting approved for a personal loan. Whether you're looking for a short-term or long-term solution, don't be afraid to ask your lender what other factors are important to them, and come prepared with evidence proving you're someone who handles money responsibly. 

About Credello

Credello is a financial tech company offering a personal finance tool that simplifies financial decisions through personalized, on-demand recommendations — so users can borrow, save, or invest with confidence. Credello believes that finding the right financial product should be as easy and interactive as online shopping, and we are on a mission to make that possible. For more information, please visit

Contact Information:
Keyonda Goosby
Public Relations Specialist
(201) 633-2125

Original Source: Credello: Lenders Are Looking at Other Things Besides Your Credit Score

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ARuVR Becomes First XR Platform to Be Awarded ‘Accredited’ Provider Status by LPI

- ARuVR® awarded 'Accredited Learning Technologies' provider status for its enterprise-grade Extended Reality (XR) training platform - LPI recognises ARuVR® as forerunner in rapidly growing XR industry

ARuVR®, a multi-award-winning end-to-end Extended Reality (XR) training platform for enterprises, today announced that it has been awarded the status of Accredited Learning Technologies Provider by the LPI (Learning and Performance Institute), the leading global authority on workplace learning and development.

ARuVR® counts Coca-Cola, BT, Royal Air Force, Five Guys, ScotRail, NEOM, Amazon, and PWC among a rapidly growing international customer base and is the first and only XR provider on both the UK Government's CCS digital outcomes and specialists framework, and Crown G-Cloud-approved supplier lists. ARuVR® enables organisations to quickly and easily leverage the location-agnostic convenience and results-driven benefits of XR (Virtual and Augmented Reality) all from a single platform, to create and deliver immersive training programmes. 

ARuVR®'s LPI Accredited Learning Technologies Provider status recognises the company's dedication to high quality and process improvement in providing learning, development, and training services to clients. This accreditation covers the Extended, Augmented and Virtual Reality products and professional services supplied by ARuVR® to their clients on a worldwide basis. ARuVR® followed a rigorous and in-depth process and was assessed on several key performance indicators, including business integrity, client value proposition, delivery capability, quality and performance management, people development, and business stability. ARuVR®'s overall KPI score was near an outstanding 100% across all sections.

Edmund Monk, CEO of the LPI, said: "We have extremely high standards for accreditation, and we are proud to commend ARuVR on their achievement. We work with our accredited organisations to ensure that they not only meet our standards but that they continue to improve. This way, organisations can be confident that they are working with the best." 

The LPI is the foremost accreditation and membership body for the learning and development profession with a global reputation. The accreditation process employs a highly robust framework, developed over many years by learning experts and validated by data from thousands of organisations to measure, benchmark and improve the capability and performance of learning professionals and learning providers.

Frank Furnari, CEO & Founder, ARuVR®, said: "As the market for XR training solutions grows exponentially, we are delighted to be the first in the sector to achieve accreditation status by the LPI. We are committed to providing our global clients with not only the highest levels of quality and service but also to bring AR and VR to the training industry, in a way in which any organisation can embrace and benefit from."

Contact Information:
Andrew Durkin
0044 7887998407

Original Source: ARuVR Becomes First XR Platform to Be Awarded 'Accredited' Provider Status by LPI

Keen’s Buildings Extends Partnership With RJ Hampshire for the 2023 Pro Motocross Season

"RJ is an incredibly talented rider, and we have no doubt that he has what it takes to bring home the championship this year," Keen stated.

Keen’s Buildings Extends Partnership With RJ Hampshire for the 2023 Pro Motocross Season
RJ Hampshire #24

RJ Hampshire, Kicking off the 2023 Pro Motocross Championship Season with Keens Buildings and the Rockstar Energy Husqvarna Factory Racing Team

Keen's Buildings, a leading provider of high-quality storage solutions, is thrilled to announce the extension of their partnership with RJ Hampshire #24 for the upcoming 2023 Pro Motocross Championship season. RJ Hampshire, an accomplished rider representing the Rockstar Energy Husqvarna Factory Racing Team, has proven to be an outstanding brand ambassador for Keen's Buildings.

Kevin Keen, CEO of Keen's Buildings, expressed his excitement about the continued collaboration with RJ Hampshire. "We are excited to extend our partnership with RJ for the 2023 Pro Motocross season," said Keen. "RJ has been an incredible asset to our brand, and we are confident in his abilities to excel on the track."

As a prominent figure in the motocross industry, RJ Hampshire has showcased immense talent, determination, and sportsmanship throughout his career. His achievements on the track and his dedication to his craft align perfectly with Keen's Buildings' values and commitment to excellence.

The partnership between Keen's Buildings and RJ Hampshire has proven to be mutually beneficial. It not only highlights the shared passion for motorsports but also underscores the importance of quality, durability, and reliability - qualities that both Keen's Buildings and RJ Hampshire embody.

With the 2023 Pro Motocross season on the horizon, Keen's Buildings and RJ Hampshire are eager to pursue their shared goal of championship success. Kevin Keen has expressed his confidence in RJ's abilities and believes that "RJ is an incredibly talented rider, and we have no doubt that he has what it takes to bring home the championship this year," Keen stated.

The 2023 Pro Motocross Championship, Race Schedule kicks off tomorrow, May 27, 2003, at the Fox Raceway in Pala, CA.

The extended partnership between Keen's Buildings and RJ Hampshire signifies the continued commitment to excellence and the shared vision of pushing boundaries and achieving greatness in the world of motocross.

About Keen's Buildings:

Keen's Buildings is a trusted provider of high-quality storage sheds, metal garages, carports and steel buildings, offering customized solutions to meet diverse storage needs. With over 75,000 installs and an unwavering commitment to craftsmanship, durability, and customer satisfaction, Keen's Buildings has established itself as a leading name in the industry.

About RJ Hampshire:

RJ Hampshire, representing the Rockstar Energy Husqvarna Factory Racing Team, is a highly talented and respected motocross athlete. With an impressive track record and a relentless drive for success, RJ has established himself as a prominent figure in the sport.

Contact Information:
Craig Heineman
(386) 364-7995

Original Source: Keen's Buildings Extends Partnership With RJ Hampshire for the 2023 Pro Motocross Season
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