Sentences with phrase «because average credit scores»

It's apparently getting either borrowers with better credit or making standards tougher because average credit scores now stand at 683 versus 650 last year.

That's because the average credit score in the U.S. is too low to qualify for the best interest rates.

Not exact matches

That's because they have higher credit scores than the average borrower, and / or they are paying more money up front in the form of discount points.

This had long - lasting effects — African Americans still have, on average, much lower credit scores than whites, in part because they didn't have the means of building wealth through homeownership that whites had.

Upstart — Upsart is preferred by many consumers looking for consolidation loans because of their generous minimum credit score requirement, 620, and their reasonable average APR of 13.1 %.

Upstart — Upsart is preferred by many consumers looking for consolidation loans because of their generous baseline credit score requirement, 620, and their reasonable average APR of 13.1 %.

The minimum credit score required to buy a new car could be higher than average — because you probably are spending more money.

The longer people keep a card — and longer is better because the average age of credit accounts is factored into the FICO credit scoring model — the more they'll need to spend on travel to justify a travel rewards credit card.

Because the credit scoring system is subject to change from time to time, let us consider what average actually means when referring to your credit score.

We recommend Avant because the lender has competitive interest rates for borrowers with average and below average credit scores.

One of the reasons that renters insurance in Irvine is about a dollar a month more than the national average is that the risk is shared more evenly and equitably in California than in most states because insurance credit scores can't be used to rate policies.

Understanding credit, credit reporting and credit scores is the backbone to developing a solid financial foundation yet we find day after day the average American makes serious mistakes because of the lack of knowledge concerning credit.

Similarly, closing your oldest credit account may also reduce your score a bit, both because your average account age will drop and your credit utilization will also go up, unless you pay off a chunk of your debt!

That's because they have higher credit scores than the average borrower, and / or they are paying more money up front in the form of discount points.

The debt consolidation lenders are willing to offer you a loan because they know how to work with people who have bad to average credit score and are struggling with their debts as well.

Simplii denied me overdraft protection (thank goodness) because of the PT flag (I assume), even though my credit score is «well above average» according to MOGO.

They sound similar, but often time people will have one really high score that could create the perception of a higher credit score because the average is distorted.

This is because National Funding places more emphasis on your business's ability to repay its debts than its credit profile, which helps applicants with fair to average credit scores qualify for funding.

Because loanDepot requires a minimum credit score of 660 to qualify, it's not an option for those borrowers with average or below average credit.

That's because of studies like one conducted by the Texas Department of Insurance, which found the average loss per vehicle for people with bad credit scores was double that of people with very good scores.

Some argue that it is because minorities as a group possess lower average credit scores than white borrowers.

The question asked in your last paragraph (what's the downside) is answered simply; if you take out a loan and close the cards, that's a ding on your score because your leverage ratio on this portion of your credit jumps to 100 % or more, and because you'll be reducing the average age of your lines of credit (one line of credit a few days old versus five lines of credit several years old each).

The paperwork for a small business loan for equipment is surprisingly minimal and is offered at a much more reasonable rate than your average merchant cash advance, and you don't have to worry about getting turned down for equipment financing just because you don't have a high credit score.

As the individual loans get rolled off when they get paid, it's been hurting my credit score because my average age of credit is dropping.

These are much lower than the average new car loan and were only possible because of our credit scores.

I just refinanced my student loans through you and my credit score went down 40 points because by refinancing it killed my oldest credit account (the previous student loan) so the average life of my loans decreased.

The longer people keep a card — and longer is better because the average age of credit accounts is factored into the FICO credit scoring model — the more they'll need to spend on travel to justify a travel rewards credit card.

Average home insurance differs a great deal from one home to the next, because the coverage is based on the size of the home, and your premiums are at least partially set according to your own credit score.

The average deal size has increased by 28 %, primarily because we help these organizations serve hard - to - fit borrowers such as those with bad credit, low FICA scores or a large amount of debt.

That's because they have higher credit scores than the average borrower, and / or they are paying more money up front in the form of discount points.