Sentences with phrase «because of his high credit score»

Instead of pursuing traditional funding sources — and because of his high credit score — he opened up 12 - and 18 - month interest - free credit cards.

Not exact matches

It is understandable «Types of current credit» garnered the highest percentage of incorrect responses because this factor accounts for a mere 10 percent of credit score points.

However, because it's not a government program, you might need a higher credit score to qualify for one of these mortgages.

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.

While those with higher credit scores can also apply, we don't recommend LendingPoint for these individuals because of the lender's high starting annual percentage rates (APRs).

Because almost every financial action you take is influenced by your credit score — and because it's not uncommon for credit report errors to drag down your score — it's crucial to be aware of your score and do your best to keep it as high as poBecause almost every financial action you take is influenced by your credit score — and because it's not uncommon for credit report errors to drag down your score — it's crucial to be aware of your score and do your best to keep it as high as pobecause it's not uncommon for credit report errors to drag down your score — it's crucial to be aware of your score and do your best to keep it as high as possible.

Between 16 and 18, things are getting serious, because now they are preparing to go after college or have a gap year or something which they are going to be independent, so now the stakes are higher and you really want them to be accountable, to a cash flow statement budget, savings, credit, they really need to learn about FICO scores, all of these things they are going to need when they are off to college.

A higher credit score can save you an enormous amount of money because it usually means a lower mortgage interest rate.

If you have a poor credit score, you may only qualify for a higher mortgage rate, because a lender can recoup most of the loan amount at a faster rate if the rate is higher.

Banks sometimes send pre-approved credit cards to people with poor credit scores because of high balances and utilization.

«This move will ultimately make a real difference in the lives of millions of Americans, who have been shut out of the housing market or forced to pay higher mortgage interest rates because of flawed credit scores.

Over the life of the loan, the person with a lower credit score will pay an additional $ 720 because of the higher interest rate.

Because of their low credit scores, they pay higher insurance premiums and may be unable to rent an apartment or qualify for a home loan.

This is because the higher your credit score, the lower the interest rates and APR you get on your loan and lines of credit.

If you have a challenge in qualifying for a loan — such as a low credit score, a spotty job history, a high debt - to - income ratio, income from self - employment or a side business — you may want to discuss your options with multiple lenders, because you'll find more variation in the cost of the loan.

Frame the discussion in terms of shared goals, because a high credit score by itself isn't worth much, says Joshua Harris, a certified financial planner and lecturer at Clemson University.

I was a little nervous to apply because I don't want to be denied and have that mark against my credit for 2 years for nothing but I went ahead and enter my info to see if I was pre-qualified for anything and this card came up along with the other Capital One and the Quicksilver or whatever that's called so I chose the safe option and was approved with a credit score of 549 and my deposit was $ 49 for a $ 200 dollar credit limit, but me being me and wanting a higher credit limit I paid $ 249 and have a credit limit of $ 400.

High APR's are not where you want to look when searching for a loan because you may end up getting caught in a viscous cycle of missed payments and a decreasing credit score.

These clients are increasingly millennials who don't have high credit scores because they don't have long credit histories, might not have built their credit because they don't have a credit card, or might be just out of school.

You can control them by learning just a few of the secrets and / or a few of the things that go in to making your credit score and just start taking control of that, because a high credit score means you get a lot better deals when you need them.

Because of the impact to your credit score, the lien may cause you to pay a higher insurance rate.

You'll want to monitor this number because high credit scores help you qualify for loans and better interest rates when you begin to look into other types of loans (e.g., auto loan, mortgages, etc.).

With a higher credit score, you're often more capable of making smart financial decisions with your card because you know how you arrived at a lower credit score.

A poor credit score or the lack of credit history can make it difficult for an individual to obtain a personal loan of any kind because he is deemed a high - risk investment.

After a couple months my credit scored dropped back to 786 because of the new higher debt ratio but I don't care because it will go backup when I'm done with THEIR money.

While those with higher credit scores can also apply, we don't recommend LendingPoint for these individuals because of the lender's high starting annual percentage rates (APRs).

A person who has five credit cards and owes money on each of them may have a high credit score, because they are servicing their 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.

Why a good credit score is important Lenders use a credit score to improve the odds that they'll get their money back, and because so much of a credit score is based on a person's track record of paying bills on time and their indebtedness, a high credit score is confidence - inspiring.

If you've got a low credit score because of a past credit mistake or you haven't used credit long enough to work your way to a higher score, you might not qualify.

Government mortgage programs offer competitive interest rates for borrowers who would normally have to refinance with a higher rate from a subprime lender because of their low credit scores.

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.

Yes, these loans are out there, but they generally require a very good credit score — 700 or above — and your monthly payments will be higher because you're financing more of the purchase price.

A poor credit score, or lack of credit history, can make it difficult to take out a mortgage or even to rent an apartment because lenders will only offer high rates of interest in such circumstances.

Because these loans are backed by the SBA, you may be able to qualify even if you don't have a credit score of 720 or higher.

That's partly because consumers with bankruptcies on their credit report are scored differently than users without bankruptcies; a bankrupt consumer with a sterling record of on - time payments may have a higher credit score than a person on the verge of bankruptcy who has dozens of missed payments, charge - offs, collections, and liens.

I could not get a clear explanation for the high rate — my credit score of 745 was apparently not enough to get a lower variable rate with my bank (I will likely do a separate post on this issue, because the seeming arbitrariness and imprecision of credit scores is something that has been irritating me for many years).

High balances hurt your credit score because you are using more of your credit limits and that's a signal for higher risk.

The traditional view of used car loans by banks was they are higher risk because people who buy them generally have lower credit scores.

Over the life of the loan, he's going to save nearly $ 45,000 in interest compared to what Joe's paying, all because his credit score is just a few points higher.

«Because of a poor credit score, you may only have access to credit cards with higher interest rates,» says John Heath, directing attorney of Salt Lake City - based Lexington Law Firm.

Just remember that you may end up paying a higher interest rate on what you borrow because of a low credit score.

Because many of these individuals are first - time homebuyers, having enlisted in the armed services right after finishing high school, they do not generally have the same credit history or high credit score that is required by traditional lenders.

Sure, you may save $ 20 — $ 30 a month if you use a competitor, but how much is that costing you in high - interest rates because of a low credit score?

Both of these numbers (500 and 580) are basically moot, because the lenders who make these loans will require even higher credit scores.

In fact, canceling a credit card can hurt your credit score because you will likely end up using a higher percentage of your remaining available credit, and that will make you appear financially stressed.

Private student loans are credit - based, meaning student borrowers with high credit scores will pay lower interest rates than those with low scores because banks assess the risk of each borrower.

Because of the higher interest rate compared to other pe rso nal loan provid ers, Mariner Finance focuses on borrowers who may have a poor credit history or a low credit score.

«We offer special programs for people with lots of equity and high credit scores who can't qualify for a traditional loan because they are self - employed and their accountants have used creative accounting that doesn't show enough income.»

Many consumers with less - than - perfect credit scores were being charged ridiculously high fees and penalties because of their credit status.