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.
Lenders who are offering personal loans that are unsecured would of course be on red alert if they meet
an applicant with poor credit rating.
Not exact matches
Applicants with poor credit receive
rates 15 % or higher.
Although
credit building cards are designed
with those who have a
poor credit rating in mind, not all
applicants will be accepted.
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.
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)
Although every potential
credit card
applicant should look at the APR charged by a new
credit card, those
with fair,
poor, or limited
credit will have fewer options for finding low interest
rates than those
with good
credit or better.
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.