As a result, lenders continue to be misled into treating loan
applicants with poor credit as prime - credit candidates - worsening already critical fraud and delinquency problems in the mortgage market.
As a result, lenders continue to be misled into treating loan
applicants with poor credit as prime - credit candidates — worsening already critical fraud and delinquency problems in the mortgage market.
Not exact matches
There is a certain logic to that idea, of course, but
as long
as an
applicant can get loan approval
with poor credit scores, there is always the chance to secure the funds needed to alleviate the financial burden.
In addition, they can find the lenders who specialize in various market niches that many other lenders avoid, such
as loans to
applicants with poor credit ratings, loans to borrowers who do not intend to occupy the property, loans
with minimal or no down payment, and so on.
Credit scores do not weigh in, and applicants with poor credit have the same possibility of garnering approval as those with good c
Credit scores do not weigh in, and
applicants with poor credit have the same possibility of garnering approval as those with good c
credit have the same possibility of garnering approval
as those
with good
creditcredit.
Although you won't be offered fewer months on this card, some accepted
applicants with a slightly
poorer credit score will be given a 29.9 % interest rate,
as Barclaycard operates rate - for - risk pricing.
A bad
credit personal loan is particularly useful for
applicants with thorny
credit issues such
as bankruptcy or
with no
credit or
poor credit.
No one will argue
with the idea that traditional lenders are not
as willing to lend to
applicants with poor credit histories than to those
with excellent...
But it's not all good news for consumers,
as card offers for
applicants with poor credit continue to be costly... (See Credit card rate report, March 2,
credit continue to be costly... (See
Credit card rate report, March 2,
Credit card rate report, March 2, 2011)
Insurers in Louisiana may use
credit as a factor when forecasting how risky
applicants will be, and they typically charge higher rates for those
with poor credit.
As a result,
applicants with poor credit tend to face higher quotes than most other drivers.
«Knowing an
applicant's
credit score by obtaining a report from a tenant screening company, such
as SmartMove, can reduce the landlord's risk of renting to someone
with a
poor financial record,» Doherty says.