Sentences with phrase «chances on subprime»
It's an even riskier time now for lenders to take chances on subprime loans than it was during the Great Recession from 2007 to 2009.
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Because the risk is higher for lending companies to take a chance on subprime borrowers, they are charged higher interest rates for the privilege of getting a loan.
Not exact matches
Subprime loans are a higher risk than prime loans, as lenders are taking a chance on someone who has a history of bad credit.
Subprime loans are made to borrowers with a poor credit history and a high chance of defaulting on repayment.