Sentences with phrase «ability to repay»

The first half of that section, 226.51 (a), discusses the rule now applicable to all potential credit card customers, that lenders must consider the ability to repay when considering an account application.

Our personal loan approval process is based off of your ability to repay the installment loan and not based on your credit history so you can be approved in minutes, not days!

In keeping with the federal government's fairly new (and sensible) Ability - to - Repay rule, first - time home buyers who use the Wells Fargo 3 % down payment mortgage program must be able to demonstrate their ability to repay the debt.

Guidelines Interest rate determined by the families» ability to repay the loan.

After all, if you have already qualified for a loan with them and your credit and financial situation have not changed that much, there is no reason to doubt your ability to repay the new loan just like you were repaying the existing one in a timely manner.

Consumers need to demonstrate ability to repay the loan.

With all the required documentation in hand, your lender will then calculate your ability to repay a mortgage.

FHA lenders qualify borrowers based on their ability to repay the mortgage and the value of the property, not whether they are first - time buyers or meet income requirements.

They accept title - free cars and even large vehicles such as RVs and big rigs as collateral for loans from $ 2,500 - $ 50,000, depending on vehicle value, ability to repay, and state law.

Also, your credit worthiness has been established by the lender already as well as your ability to repay the outstanding loan.

This minimizes chances of an audit and subsequent tax lien, which might affect your ability to repay the lender.

A: A credit score is an indication of your credit history and assists in measuring your ability to repay a debt in the future.

SoFi will evaluate your credit history, your application information, planned use of funds and your ability to repay when approving you for a loan offer.

«Rather, we look at a person's entire credit profile to determine their willingness and ability to repay a loan.»

It's also important that borrowers illustrate their ability to repay the loan.

It refers to a bond issuer's ability to repay its debt as promised when the bond matures.

Your total debt can not exceed $ 250,000 (excluding a mortgage) and you must have the ability to repay a portion of your debts.

The ability to repay is an amazing thing.

Rates vary from lender to lender and depend heavily on your credit history and ability to repay, but here is what interest rates on personal loans look like, on average:

A credit card firm determines the interest rates charged to you by your credit history — your ability to repay a loan.

Uncle Sam has a little more confidence in the student's ability to repay their debts than do the private student loan issuers.

Carbucks lends money based on the value of your vehicle and your ability to repay.

Your past income and employment history are good indicators of your ability to repay outstanding debt.

The important thing is that they evaluate the borrower's ability to repay the obligation, to comply with the aforementioned ATR rule.

The applicant will need to have a good credit score in order to get approved and must also show proof of a steady source of income to confirm his ability to repay the loan.

Credit scores are symbols of your ability to repay debts.

Based on the equity of your vehicle and your ability to repay the loan, LoanMart loans customers up to $ 30,0001 in funding.

The ability to repay lies on the income percentage to pay for your expenses on basic needs and daily living.

Your credit history directly affects the interest rate you are offered, and so does your ability to repay the loan.

Now more than ever, lenders want to ensure that home buyers have the ability to repay their loan obligations.

The amount of an individual's monthly installment payments depends upon the amount of the tax debt and the individual's ability to repay that debt within the IRS collection period.

Your medical loan can be as little as $ 1000 or as much as $ 50,000, depending on your circumstances and your ability to repay the lender.

Forgiveness can be granted regardless of the student's ability to repay.

Carrying too much debt can impact your ability to repay your loan after refinancing.

Your credit score is a measure of factors that may affect your ability to repay credit.

One of the major factors a bank looks at when deciding whether or not to issue a new credit account is the individual's ability to repay the debt.

Most Christmas loans start out at around $ 1,000 and usually go up to $ 5,000, even more depending upon your needs and your ability to repay the lender based on your income.

Federal guidelines strongly encourage mortgage lenders to verify and document a borrower's ability to repay a home loan.

Because the lender does not check your credit history, the lender has no way of knowing if you actually possess the ability to repay the loan.

Instead of determining your loan amount based off of your credit score, LoanMart looks at the equity of your vehicle and your ability to repay your loan1.

No matter what plan you choose, following any plan at all will have a big impact on your ability to repay your loans faster while saving you money — and peace of mind.

Peerform will evaluate your credit history, your application information, planned use of funds and your ability to repay when approving you for a loan offer.

Your ability to repay your loan and the equity of your vehicle are more important to us than your credit score.

You have to prove your ability to repay, so you'll need to account for your income, any assets you may have, how much debt you have, and even how much you have in savings.

Easy access to credit and the ability to repay debt in small amount through EMIs has made life a lot simpler for the likes of Pawan.

But remember, secured loans carry the risk of repossession and sometimes, if you are not too sure about your ability to repay, unsecured loans are not such a bad choice.

Congress has also failed to show any evidence to support provisions in the bill that tie an originator's compensation to a consumer's ability to repay a loan.»

LoanMart wants to make sure you have the ability to repay the loan and wants to work with you along the way.

Credit history, or a record of previous debt repayment, can positively impact a person's credit score because it shows lenders their ability to repay financial debts.

With LoanMart, we take the equity of your vehicle, the condition of your vehicle, and your ability to repay your car title loan to make our lending decisions.