3 Credit Secrets Millionaires Use as Leverage

Time-tested ways to make yourself a better loan candidate.

Successful businessperson have their credit secrets. LightField Studios/ShutterStock

By Antoine Sallis

As the old saying goes, the rich get richer while the poor get poorer, but why is it that some people seem to have the knack for accumulating wealth, seemingly without much effort? Are these people born lucky, or are they simply privileged?

What’s certain is that in order to manage money successfully, it’s vital to absorb some basics of how things work in the financial world, as well as certain tricks of the trade with which savvy millionaires are likely familiar.

The Inside Banking Secret

Banks use several factors to measure a potential borrower’s level of risk. These include the amount of money in his or her bank account (primarily savings), age of the account, and how many deposits come into it (as opposed to withdrawals).