Sentences with phrase «behavior as a borrower»

Your FICO score reflects your behavior as a borrower over time.

Not exact matches

Trended credit data reflects patterns in borrower behavior, such as shifts in the number of balance decreases over time, or increases in the rate of a borrower's utilization — the portion of the individual's credit limit represented by their outstanding balances.

Short terms on payday loans call for responsible borrower behavior, as cash advances are easier to get than to pay back.

Loan discounts may be contingent on specific borrower behavior, such as repaying the loan through direct debit from the borrower's bank account (ACH) or making a number of consecutive payments on time.

As plastic surgery loans are unsecured loans, a thorough review of the borrower is performed by a lender, to include identity verification, income verification, and past credit behavior.

As regards to credit requirements, the need of a good credit score is essential because the lender has no other assurance of repayment than the borrower's credit behavior.

The study didn't take into account the behavior of lenders or the supply of money available to refinance, instead assuming that borrowers could refinance as often as they wished at prevailing interest rates.

Sprauve says that borrowers can improve their FICO score through consistent positive behavior, such as paying all of their bills on time every time, keeping their balances low and only opening new credit when they need it.

Wise Borrowers are very careful about their borrowing behavior and make sure they eliminate as much potential risk as possible from the borrowing process.