Sentences with phrase «applicant has a good credit score»

Bad credit mortgage lenders in Collingwood can offer good interest rates if an applicant has a better credit score and better income than other borrowers do.

Large Canadian banks will only approve a mortgage application if the applicant has a good credit score.

Not exact matches

Many national banks don't offer personal loans, and of the ones that do, most require applicants to have good to excellent credit, which is a FICO score of 680 and above.

It requires good credit score: Almost all the reward credit cards require applicants to have a very good credit score for their application to be granted.

A good or excellent credit score with a solid history — one that has no major dings for missed payments or loan defaults — is the easiest way for lenders to know that you're a trustworthy applicant, especially if you're applying at a bank.

However, it's better for applicants to already have a deposit account with TD Bank and have a good credit score.

The higher the credit score an applicant has, the better interest rate they will qualify for.

If there is an irregularity of payment by one of the applicants, it will have a negative impact on your credit score as well.

Many national banks don't offer personal loans, and of the ones that do, most require applicants to have good to excellent credit, which is a FICO score of 680 and above.

Peerform, on the other hand, only requires borrowers to have a personal credit score of 600 or above, making it a good choice for applicants with poor to fair credit.

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.

To qualify, applicants should have good to excellent credit (a 680 + credit score), several years of credit history and a variety of account types, a demonstrated ability to save and a low debt - to - income ratio.

To qualify, applicants should have a relatively low debt - to - income ratio — under 31 % — in addition to a good credit score.

Credit scores do not weigh in, and applicants with poor credit have the same possibility of garnering approval as those with good cCredit scores do not weigh in, and applicants with poor credit have the same possibility of garnering approval as those with good ccredit have the same possibility of garnering approval as those with good creditcredit.

Lenders can offer better interest rates if the mortgage applicant has a high income or a better credit score, but these are not required to get approved for a mortgage.

A whopping 70 percent of applicants have a better credit profile when this new credit scoring model is used compared to the traditional FICO score, according to Tim Grace, senior vice president of product management at CoreLogic.

Applicants should have a minimum credit score of 550 or higher for a better chance of approval, although this is not required to apply.

If your score is very good, you will not have a difficult time receiving loans or credit, although it still could be tough to qualify for elite level credit cards such as travel rewards credit cards which only accept applicants with an excellent credit score.

Rewards credit card carriers usually require a good - to - excellent score between 700 to 850, so applicants with poor or no credit may want to reconsider applying until they've built up their score a bit.

Mortgage applicants with a score higher than 700 are best poised for approval, though having a lower credit score won't immediately disqualify you from obtaining a loan.

The purpose of the calculation is to create a numerical score, which is intended to help lenders determine quickly and objectively whether a loan applicant is a good credit risk and has the ability to repay the loan.

The best way to proceed is to make a rule - say, all applicants over the age of 18 must have a credit score of 700 - and apply that rule to anyone and everyone who applies to rent your property.

A good credit score indicates that an applicant has a track record of paying their bills on time and can be predictive of the tenant's likelihood to pay rent.

Even though some applicants have lower income to rent ratios, they are a significantly better risk than those with better income to rent ratios but poorer credit scores.