Sentences with phrase «accessing traditional credit»

These alternative lenders have a history of serving businesses experiencing difficulty accessing traditional credit markets; they offer more flexible underwriting and often provide other technical assistance to help businesses stabilize and grow.

Not exact matches

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.

Small businesses are often in need of quick capital that can't be accessed through traditional bank loans or credit cards.

While overall access to traditional financing from a bank or credit union has become more difficult for some small business borrowers, it can still be a viable option for many others.

A combination of tight credit and stringent lending criteria has created a sizeable, underserved segment of the market that does not have access to growth capital from traditional sources.

For instance, in several parts of Latin America and Africa, many people do not have access to traditional banking services or even to any safe, cheap and convenient credit functioning system.

In addition, if you develop a history of bouncing checks or overdrawing your account, it can lead to a poor credit score and make it that much more difficult to access more traditional lines of credit, perpetuating the cycle.

In this specific case it happens to be increased concerns with privacy and security After recognizing this an opportunity presented itself to create a stored value transaction system that would allow anyone with Internet access — even those without credit cards — to buy anonymously and safely online just as they would at a traditional retailer today with cash.

Topics addressed included: utilizing evidence - based educational assessments; improving educational attainment and access to a traditional high school diploma; credit transfers; timely and appropriate re-enrollment and re-entry planning.

Several states have adopted «course access» initiatives that provide students with opportunities to take many kinds of approved courses for credit — another way to enable students to learn both inside and outside traditional school hours and locations.31 Such policies also might be especially important for smaller high schools, where economies of scale can make it difficult to afford certified on - site teachers for a wide range of specialized courses, such as world languages, physics, and calculus.32

If the employee funds a traditional IRA and doesn't have access to an employer - sponsored retirement plan, he or she may be able to deduct all or part of the contribution on their taxes and also may be eligible for a tax credit.

Poor credit and history of bankruptcy often prevent entrepreneurs from acquiring traditional financing; our equity - based approval process means even those with bankruptcies and foreclosures in their borrowing past can access the money they need.

Lack of access to financial products — like credit cards, loans and deposit accounts — is an issue plaguing millions in the U.S. Traditional... Read More

Lack of access to financial products — like credit cards, loans and deposit accounts — is an issue plaguing millions in the U.S. Traditional financial institutions, like banks and credit unions, depend on credit reports and Social Security numbers (SSNs) when evaluating applicants.

The OpenSky ® Secured Visa ® Credit Card is a strong option for people struggling to build or rebuild credit, as well as for those without access to traditional banking serCredit Card is a strong option for people struggling to build or rebuild credit, as well as for those without access to traditional banking sercredit, as well as for those without access to traditional banking services.

A HELOC is different than a traditional lump sum loan, in that it gives homeowners access to funds (a line of credit, not unlike a credit card) up to a certain credit limit, with one important difference — a HELOC uses the borrower's home as collateral.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

-76 % of Americans believe that financially underserved people such as those with low FICO scores or bad employment histories need access to options for loans / credits outside of traditional banks.

While overall access to traditional financing from a bank or credit union has become more difficult for some small business borrowers, it can still be a viable option for many others.

Traditional loans, as well as credit cards, can give you instant access to finances but the amounts are relatively low and the charges are ridiculous.

For those borrowers, and for those who do not use traditional credit, the lender must develop a credit history from utility payment records, rental payments, automobile insurance payments, or other means of direct access from the credit provider.

Non-bank borrowing methods are likely to come with high interest rates, and often attract individuals with poor credit histories, lack of access to more traditional sources of credit, or both.

Peer to peer lending platforms offer an alternative channel for creditworthy borrowers to access credit while simultaneously shifting the opportunity for returns from traditional banks to individual investors.

While it's a good idea to establish access to a line of credit before you need it, even a last - minute application and approval process is typically shorter than a traditional loan request.

While this type of credit card does not give you instant access to a line of credit, it does help you build up your credit rating in order to qualify for a traditional credit card.

Credit checking is one of the steps that disqualifies most people from accessing the traditional loans.

People with poor credit score are not able to access traditional loans and must turn to mortgage brokers for help.

In most cases, traditional lenders will not give you access to their loan products without credit check.

Unlike the traditional credit score, there is not necessarily a similarity between rankings and they are not something that the average consumer can easily understand, let alone access.

It's also important to understand that unlike a traditional credit score (used by lenders), consumers don't have access to their credit - based insurance score, and that's because there's no single scoring model used by all insurers (or credit agencies).

Truth: While a traditional home equity loan and the reverse mortgage line of credit are both ways to access equity that has built up in the home, there are a few significant differences.

While the FICO ® Score works well for the 200 million Americans who have a traditional credit history, there are nearly 30 million Americans who don't but still may need and deserve access to credit.

Furthermore, NAR believes that homeownership is an integral part of the American Dream that shouldn't be out of reach for low - income, rural and minority borrowers who lack access to traditional forms of credit.

Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.

If you are looking for a traditional credit card that affords you a line of credit, the options are few since lounge access isn't the most prevalent benefit when it comes to credit cards.

Bank of America ® Travel Rewards Credit Card cardholders also have access to many of perks traditional Bank of America customers receive: Shop safe ®, overdraft protection, access to Bank of America financial centers and ATMS to name a few.

With allowances for mortgage lates with the past year or a housing / credit event greater than 24 months, combined with a debt to income ratio of 60 %, qualified borrowers may be able to access financing not available through traditional programs.

For many years, low interest rates allowed companies with strong credit ratings to obtain access to cheap capital through traditional financing methods — meaning there was little enthusiasm for sale - leaseback transactions.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

Based on Symbol's Spectrum24 wireless local area network, the solution allows mall retailers to remotely access the MerchantWired network to perform traditional retail applications such as real - time price lookup, item ordering and inventory management, credit card processing, and intra-company communications.