Sentences with phrase «as other lenders»

The ruling established an important legal precedent that lawsuit lenders must play by the same rules as other lenders in the state.

Also, while their student loan refinancing process is relatively quick, it is not as quick as some other lenders that allow you to refinance in just a few days.

And their issuers, as any other lenders, send monthly reports about your card usage to the three main credit bureaus — Experian, Equifax, and TransUnion.

But anyone considering participation in this refinance opportunity should consider doing so soon, as other lenders tend to follow along when a major player makes a move like this.

Our application process is not as complicated as other lenders make it out to be.

This may become a vicious cycle, as other lenders may look at the reduced rating and cut their limits.

As such, Axcelis is continuing discussions with its note holder as well as other lenders.

However, they are required to follow the same state and federal laws as other lenders.

It may be a better option to consider your local bank where you have a loyalty as well as other lenders who are reputable.

The downsides are that the highest rate is expensive and it doesn't allow you to borrow as much as other lenders.

However, Upgrade offers only two term lengths — which isn't as many options as other lenders.

While American Express doesn't make loans as large or for as long as some other lenders, the company has competitive interest rates.

Lawmakers must work together and finally subject these abusive contracts to the same consumer protections as all other lenders.

Don't just assume that the terms offered by the first lender you go to will be exactly the same as every other lender in town.

Not exact matches

As mentioned earlier, online lenders may provide funding (and quickly) if other alternatives fail, especially for those with bad credit.

The second phase, known as «application and inducement,» requires the potential borrower to fill out an application packet that provides the agency with details of the project costs, the company's financial stability and other information that's traditionally passed between lender and borrower.

Student debt is commonplace enough now that in general, lenders will view it as they do any other debt obligation.

Other lenders such as SoMoLend and Endurance Lending Network are similar but are based on a peer - to - peer business model as opposed to a direct lending platform like a traditional bank.

In other words, instead of skipping a handful of payments or defaulting on a loan, contact your creditors and lenders as soon as a problem arises and negotiate some form of resolution that's within your financial means.

Because banks and other lenders shy away from borrowers with less than a 25 % down payment as higher - risk clients, mortgage insurance gives people with smaller down payments a better risk profile.

Like other high - cost lenders, the company touts its products as an option for borrowers who might not qualify for other sources of credit.

As a result of the lien, the government gets priority, sending other creditors (and any prospective lenders) to the back of the line.

Lenders who specialize in first - time homebuying offer FHA loans or other programs with low down payment requirements, as well as loans to borrowers with lower credit scores.

In addition to lenders, cities and other community groups sometimes offer no - or low - interest loans within redevelopment districts to encourage businesses to do such things as improve the façade of their storefront, improve the structural infrastructure of their place of business, or create jobs.

In other words, as the lenders cost of funds changes, so does the interest rate you pay — going either up or down.

For example, some lenders exclude restaurants and other retail establishments deemed as particularly «risky» industries.

A number of operational features were required to implement such an overnight reverse repo, or ON RRP, facility: It would need same - day settlement; 16 the operation would need to be run predictably, every day, and as late in the day as possible, to give lenders time to bargain with other counterparties using the outside option of investing with the Federal Reserve; 17 an appropriate spread below IOR would be required to ensure that the facility neither induced large changes in the structure of money markets nor lost the ability to support interest rate control; 18 and the operations would need enough unused capacity that lenders could credibly propose to leave borrowers that did not offer an adequate interest rate.19

If you already have a hefty student loan balance or other debts, such as credit cards or a car payment, your ratio of income - to - debt might exceed lender limits.

There are other smaller contenders, such as small business lender Prospa.

As with other lenders, if your business has sufficient cash flow to support a loan payment, you haven't declared bankruptcy in the past 24 months, and are current with your personal obligations like your rent or a mortgage for the last year, you may qualify.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

If the lender requires you to use your home as collateral, make sure you and your significant other are comfortable with that decision.

Also, the SBA does not allow other fees to be assessed by the lender unless there are extreme circumstances, such as a higher - than - normal servicing required by the loan.

The SBA does not allow other fees to be assessed by the lender unless there are extreme circumstances, such as higher - than - normal servicing required by your loan.

Some lenders, as Steve suggests, will want to see seven years of improving track record — other lenders will require two or more years.

Nevertheless, as traditional lenders have shied away from the smallest small businesses; and loans to those businesses has been in overall decline since the year 2000 [3], online lenders are using technology to look at other information available from the public record as well as transaction history, cash flow, and other metrics in addition to credit profiles, that demonstrate a healthy business.

In 1989, the FICO Score was introduced as the formula banks and other lenders started using to evaluate the creditworthiness of a potential consumer.

Depending on how much equity was contributed by you toward the acquisition of these assets, the lender may require other business assets as collateral.

In other words, as the lender's cost of capital fluctuates, you interest rate can also go up or down within the term of the loan.

When real estate is being used as collateral, banks and other regulated lenders are required by law to obtain third - party valuation on transactions of $ 50,000 or more.»

These rates will vary by lender, term, and risk, and may be lower than other options such as merchant cash advances (or credit card advances).

Like Equifax and D&B, they also collect information available within the public record, information reported by both lenders and suppliers, as well as information from credit card companies, collection agencies, and other databases.

The goal of yield maintenance is to allow the conduit lender to reinvest the money returned from the borrower, plus a penalty fee, into bonds or other investments and receive the same cash flow as if the loan hadn't been paid off early.

Amongst other things, banks and other lenders need to consider the risks they are taking on, not just from individual loans, but from the collective effects of lending decisions on the system as a whole.

Unlike some other lenders, OnDeck reports your business credit history with us to a number of business credit bureaus; so long as you make timely payments, that positive credit history helps your business build a strong profile.

We also paid to affiliates of the Funds principal totaling $ 16,426 and $ 75 and interest and other fees totaling $ 556 and $ 298 related to their participation as lenders during the three - month periods ended March 31, 2013 and 2014, respectively.

Unlike some other lenders, such as SoFi personal loans, who find you investors with their own money, Prosper charges fees to match investors with approved borrowers.

Former Ontario Securities Commission chairman David Brown and others said this year that avoiding another financial crisis required a powerful entity that was accountable for the health of the entire financial system, not simply one aspect of it, such as lenders or bond and stock traders.

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.

Like many other alternative lenders, funding is fast with QuarterSpot, with the company stating that it can provide funding in as quickly as one business day.