When it comes to having good credit, you already know how important it is to pay your bills on time. But how you pay your bills — not just whether you pay them — is becoming increasingly important.
In the past two to three years, all three major credit bureaus have added a treasure-trove of new data to their credit reports. Analysts are slicing and dicing “trended data” in hundreds of ways, but probably the biggest change is that lenders now know exactly how you pay your bills: whether you’re a high-risk “revolver” who carries a balance, or a low-risk “transactor” who pays your credit cards in full every month.
