This is due to the fact that
bad credit borrowers present less certainty once it comes to future credit behavior when compared to good credit borrowers.
Not exact matches
Having said that, some lenders are willing to lend above USD25, 000, armed perhaps with the stern belief that the
borrower is aware of the opportunity an unsecured
bad credit loan is
presenting them with.
The status quo is burdensome for the increasing number of subprime
borrowers with
bad credit whose position in the
present real estate market is not an enviable one: Due to a convergence of factors such as plummeting property values, zero down payments, and significant payment increases that they can not satisfy, homeowners find themselves with a mortgage debt exceeding the value of their home.