On this episode of Big Money Real Estate, Ilyce talks with Steve Ely, CEO of alternate credit reporting agency eCredable, about what credit alternatives exist for consumers with thin credit files or low credit scores from the traditional credit reporting bureaus. Some companies, including eCredable, use financial data such as bills or rental payments to prequalify users for loans with certain partner lenders. While the mortgage rate may be a little higher, it means fiscally responsible people can get approved for a mortgage on a home without a credit history. Full disclosure: Ilyce sits on the eCredable Advisory Board, which provides guidance to the eCredable management team on how to best serve consumers and businesses.