Sentences with phrase «normal consumer credit»

Normal consumer credit, such as revolving charge accounts or credit cards, will be much more difficult to secure, as they are determined by the credit standards of the individual lenders.

Not exact matches

Non-prime consumers have unstable incomes and limited option for credit, which creates problems when faced with the financial uncertainties of normal life.

While this is a normal value for consumer credit cards with no annual fee, small business credit cards have different standards.

• The Competition Bureau says Canada's credit card issuers have set up a perverse system that thwarts the normal rules of the marketplace and costs consumers billions of dollars annually.

As a result, lending institutions have access to cheap intra-bank loans and are able to pass the savings to consumers or to take higher than normal underwriting risks, thus being able to approve unsecured loans for poor credit grades.

In normal times, about 15 percent of consumers falls into the poor credit category with a FICO score under 600.

To put this into terms us normal consumers would understand, the U.S. has maxed out its credit limit — again and again.

In normal circumstances, the credit reporting agencies will provide consumer data to anyone who pays for access.

Even student credit cards offer valuable rewards, though the rewards are not as good as normal consumer cards.

With average APRs for cash back credit cards hovering around 15 to 16 percent, the Capital One Premier Dining Rewards card's higher - than - normal interest rate might not be right for consumers with excellent credit who can easily qualify for lower rates.