The term
"access to credit" refers to the ability of individuals or businesses to obtain loans, lines of credit, or other forms of financing from financial institutions.
Full definition
Not knowing how credit and bill payments work can get youth into trouble especially with easy
access to credit cards starting in college and mobile phone bills beginning to pile up even earlier on.
We start by providing
access to credit for people who look risky because they have low credit scores or thin credit files.
Most first time home buyers don't use these products when buying their first home, but they could be valuable ways to get
access to credit in the future.
If your business has multiple employees that
need access to a credit card, then fees associated with additional cards will be a concern.
You can simply be added to a credit card and yet never be given
access to that credit at all, with the emphasis to help boost your credit.
The law was specifically meant to allow
consumers access to their credit histories and to verify that the information listed is true and correct without having to pay for the privilege.
Chinese in particular have got a terrific benefit pushed by their sturdy domestic economic system, a stable exchange amount,
greater access to credit score and want for diversification and secure investments.
In order to effectively freeze
access to your credit files, you must request a security freeze to be placed at each of the three major credit bureaus.
However, you might get
better access to credit and better loan terms from a regional or local bank or credit union.
Peer - to - peer lending can be an inexpensive way to gain
access to credit when banks are restricting lending — but you need to understand the entire deal first before jumping in.
The explosive growth of the alternative lending industry has led to
more access to credit for small business owners that the traditional banks had been turning away, for sure.
These are also the consumers who were affected the most by reduced lending during the recession and are gaining
access to credit once again.
You don't need both because a credit freeze ostensibly prevents any new lenders from opening fraudulent accounts by
denying access to your credit report, a necessary step for credit approval.
Also, depending on the state you live, you are likely to have fairly
regular access to your credit report if you have been a victim of identity theft.
A business credit card gives your
business access to a credit line that can be used repeatedly to make purchases, or even to withdraw cash.
A toll - free number where the cardholder can obtain information
about access to credit counseling and debt management services.
In the long run, not having
immediate access to a credit card is much more preferable than 10 years of bad credit by having a bankruptcy appear on your credit report.
If you're comfortable wiping out your debt in exchange for having
less access to credit for a number of years, then go ahead and declare bankruptcy.
All of the companies are listed in the inquiry section because they really did gain
access to your credit data for the purpose of giving you a loan.
If your financial goal is to have
convenient access to credit, it is necessary to have a favorable credit history on file with one of the three major credit - reporting agencies.
Phrases with «access to credit»