Definition of «less risk to the lender»

The phrase "less risk to the lender" means that there is a lower chance for the person or entity providing the loan to lose money due to non-payment by the borrower. This can be achieved through various measures such as having a higher credit score, providing collateral, or having a stable income stream. By taking on less risk, lenders are more likely to provide loans and may offer better interest rates.

Sentences with «less risk to the lender»

Older businesses typically pose less risk to lenders, so having a mature business will benefit your score. (valuepenguin.com)
Small - dollar personal loans, on the other hand, are usually unsecured loans for $ 3,000 or less and present less risk to lenders because the borrowed amount is smaller. (valuepenguin.com)
With this in mind, better credit scores mean less risk to lenders and often better rates on loans and credit cards for the consumer. (creditexpertllc.com)
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