Sentences with phrase «are reliable borrowers»

However, it can be helpful to you since it's a way for lenders to see if you are a reliable borrower without having to apply for credit.

Home buyers turned away by conventional lenders — because of, say, gaps in their work history or a recent divorce — can prove to be reliable borrowers, he said.

If you are proven to be a reliable borrower, then you can raise large amounts of money to continue flipping houses at a profit.

A high credit score is a sign that you are a reliable borrower and know how to responsibly manage your finances.

Education loans are repaid in installments, and making payments on time helps demonstrate you're a reliable borrower.

Meanwhile, the agent will review your credit report, get any inaccuracies corrected, and try to help you secure lower interest rates and open accounts such as secured credit cards to show that you are a reliable borrower.

Just don't do it on the existing loans or that will come across as changing your initial «contract» again, and perhaps once they've proven themselves to be reliable borrowers they can once again earn the privilege to have an interest free loan.

Lenders look at your credit history to determine if you're a reliable borrower Refraining from credit cards altogether is counter-productive.

That's because the bank has no way to prove you are a reliable borrower yet since you have little to no credit history.

It's a Catch - 22: In order to get a lending institution to grant you a loan or extend you credit, you have to prove your creditworthiness — which, of course, is hard to do because no one will grant you a loan or extend you credit until you've demonstrated you are a reliable borrower.

If you've never had a credit card, car loan, mortgage or any other type of loan or any credit history, then you'll likely be deemed as having no credit and could be denied by lenders as being high risk, simply because they have no data to show whether you're a reliable borrower.

You can demonstrate you are a reliable borrower by paying on time every month.

The purpose of your credit report is simple: To make sure you're a reliable borrower.

On one hand, we need using lending tools to build a credit score because there's no other way to prove that you're a reliable borrower except of getting a loan and paying it off responsibly.

A consumer's credit history gives the lender an opportunity to understand if this consumer can be a reliable borrower.

Many people who have enough dings on their credit score to plunge it below 650 or 700 into subprime territory can still be reliable borrowers.

Not exact matches

Think about how reliable of a borrower you've been.

In this way, the lender will find you a reliable borrower and will be more comfortable in giving you a loan.

Your credit score reflects how reliable you are as a borrower, and is determined by your track record of borrowing and repaying banks, credit card companies and other lenders.

A low credit score can signify that you're less reliable as a borrower, so you might get a higher interest rate to make up for the risk.

If you lent $ 100, you expect to get back more, $ 105 or $ 150, depending on how reliable is the borrower.

National studies have evaluated more than a decade's worth of bond data and found that charter schools are strong, reliable borrowers.

You may have a poor risk score, but your future income is more reliable than private sector borrowers with similar qualifications.

In order for them to disburse a loan to a borrower, it is very important for the lender to see that you a reliable and stable source of income.

But there's another incredibly critical factor that both confuses and confounds many borrowers: stable, reliable income.

That's where consumers gain the best rates on loans and are considered the most reliable borrowers.

This would be a temporary measure to spur renewed buyer activity but also address SOME of the concerns that DPA users are less reliable borrowers.

Even those of us who had once been a reliable, honest borrower have been affected by the economic crisis.

To compound these problems, there are few reliable resources borrowers can turn to if they need help.

I chose not to go the interest - only route for a few reasons — the market, while being able to guess on good rates, is not the most reliable thing, life gets in the way (much like DB said) and like the good Doctor said — that's a great rate for Prime borrowers, but not necessarily for everyone.

At the same time, the U.S. arm of TransUnion also announced that it was introducing an alternative scoring system aimed at assigning scores to people who aren't ideal borrowers, but may be reliable consumers.

Banks are very strict about credit ratings which are the most reliable indicator of a borrower's creditworthiness.

VA lenders need to ensure a borrower has a steady, reliable income stream that's likely to continue and that covers their future housing needs.

Having bad credit means that you are less reliable as a borrower and therefore you will either receive few loan offers, high interest rates, or low principle borrowing amounts.

In theory, the higher the score, the more reliable a borrower will be about paying back their loans.

Borrowers with bad credit history can compensate by demonstrating that their future income stream is reliable.

And even a small improvement in your credit score can get you a better rate if you're on the cusp of being classified as a more reliable borrower.

Your credit score is a metric that helps you and lenders determine your creditworthiness — or how reliable of a borrower you are.

A lender is looking for stability, so consistency in all aspects is key in assuring that the borrower is a reliable risk.

This is the price borrowers pay for such a generous and reliable federal student loan award.The student loan debt from schooling adds up, contributing to financial instability for some.

If you think you're ready, then go through these steps to show lenders you are prepared and organized (i.e., a reliable borrower).

This is the price borrowers pay for such a generous and reliable federal student loan award.

They assign a certain number of points to each of the various characteristics that have proved to be reliable signs that a borrower will repay.

Child support can be counted as stable and reliable income for prospective borrowers, but it needs to meet certain criteria.

Chapter 13 is a «wage earner repayment plan» and allows a borrower with a reliable income to pay off bills over a 36 to 60 month period.

Forbes contributor Mark Greene explained if lenders follow this «ability - to - repay rule» and demonstrate they did everything they could to determine a borrower was reliable, they won't have to buy back the loan even if the borrower defaults.1 The more proof a lender has that he or she did everything possible to make sure the borrower was in good financial standing, the more protected that lender will be.

A cosigner is necessary when the borrower does not have a reliable source of income, lacks a healthy credit score (or credit history at all), or simply appears to be a risk in the eyes of the lender.

And on the contrary people who are treated as reliable borrowers by lenders may get even lower interest rate than they have on their credit cards.

Our borrowers trust us to meet their funding deadlines because we are reliable and we do what we say we will do!

It shows lenders that you're the Clint Eastwood of borrowers — competent, reliable, and deadly in a Mexican standoff.