Sentences with phrase «since bad credit borrowers»

Since bad credit borrowers pose a high risk of default to lenders, more restrictive lending procedures are enforced.

Not exact matches

These loans, often made to borrowers with bad credit, no job, and no income turned into a systemic risk that eventually sent the world into its worst economic crisis since The Great Depression.

The fact is low credit scores are no indication of risk of default, especially since many bad credit borrowers today are such only because of financial bad luck - not financial irresponsibility.

And since they focus their products on bad credit borrowers, securing loan approval is a lot easier.

While they make steps to minimize the risks by verifying the ability of the borrower to repay the loan, they do grant loans to bad credit borrowers, as they make most money from sub-prime lending portfolios, since bad credit personal loans have higher interest rates and fees.

Since most of the applicants do not fit the low - risk borrower profile that lenders prefer, most traditional lenders decline loans and bad credit, high risk borrowers have to resort to sub-prime lenders that are prepared to offer mortgage loans to those with a less than perfect credit score.

But since their loan products are designed for bad credit borrowers, securing loan approval with poor credit scores is to be expected.

Since they are designed to be repaid over time, installment loans are often available in larger amounts than other types of financing, with some bad - credit loan providers offering qualified borrowers up to $ 35,000 — more than enough to cover Junior's braces.

Too many late or non-payments can do the worst damage to your score, since it tells lenders that you're an irresponsible borrower and credit risk.