The 2-2-2 rule is a guideline many lenders rely on behind the scenes, and it can have a big impact on your ability to borrow. Aleksandr Zubkov/Getty Images

Credit requirements have tightened over the past year, and many borrowers are feeling the ripple effects. Between the issues with higher credit card balances and rising delinquencies , lenders are paying closer attention to how consumers borrow and how reliably they pay their bills. So, if you're thinking about applying for a mortgage, car loan or even certain credit cards before the end of the year, you may notice some new hurdles in place.

One of those hurdles is the 2-2-2 rule, a guideline many lenders rely on behind the scenes. You won't see this rule listed on a credit application or spelled out in a lender's marketing

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