Sentences with phrase «credit loans because»

Because of your poor credit history and your inability or unwillingness to pledge collateral to back up your loan application, lenders usually inflate the interest on the unsecured bad credit loan because of the elevated risk that the lender assumes when loaning money to you.

Nearly 100 % of borrowers are approved for a guaranteed approval bad credit loan because the requirements to qualify for this type of loan are very relaxes.

By now you may be exploring options to quickly get a bad credit loan because your credit score falls in the high risk zone.

Not exact matches

Because her credit cards were loaded with debt to pay for the classes, mortgage brokers told her she was ineligible for a loan, she said.

Most private loans require a co-signer because the student doesn't have the credit to qualify.

Because of the tight credit market, business plans are being more closely scrutinized than ever and banks are looking for specifics before looking at Small Business Administration - backed loans or community bank loans.

Typically, these businesses describe their loans as faster and more readily available to customers than bank loans, because they leverage technology to evaluate risk on a number of factors, as opposed to relying solely on credit scores.

Because a former business partner defaulted on his company's line of credit, and I was the only one dumb enough to personally guarantee the loan.

However, unmet credit needs were greater among women business owners because women were less likely to apply for loans when they needed credit.

That's because of two practices in growing use at regional and national banks: credit scoring and automatic loan decisions, or what banks call «autodecisioning.»

Even though these programs tend to be more expensive than loans and lines of credit, a large group of merchants turn to them because they can gain access to financing more quickly and easily and because the repayment schedule tracks their business performance.

Because many banks are taking steps to automate their credit - granting programs so that customers can either phone in or electronically transmit loan requests without having to meet with a loan officer.

Owners of less - successful small businesses will find bank loans tough to get because they are the marginal borrowers who are often unable to get loans when credit is scarce.

My boss, the owner of a small LLC, is having problems getting a loan for the LLC because he has credit card debt, and a credit score between 650 and 700.

I asked the agent of the bank if we can re-open the account or apply for a business loan, but unfortunately, they declined because we had to short - sale a property and it was reflected on our credit report.

Because there are not as many foreclosures The banks can then start to loan money to others who want to have a home or car with good credit of course.

Antunovic says it's been hard to get bank loans because the e-retailer has little credit history.

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.

Because you're transferring your debt from a line of credit to an installment loan, you can actually lower your credit utilization, which can help your credit score — provided you don't add more charges to your credit cards.

Because some students do not have established or good credit, a co-signer may be used to help qualify for a private student loan.

Payoff is great for debt consolidation because you can only use the loan to pay off credit card debt.

«Peer - to - peer lending platforms play an important role because they increase the amount of capital for small businesses by creating new sources of loan capital, more sophisticated credit models, and efficient access,» said a spokesperson for Mr. Leal's office.

Anyone with a minimum of $ 50,000 in a rollable retirement account (such as an IRA, 401 (k) or 403 (b)-RRB- can obtain business financing using this method in a matter of weeks, regardless of their credit score, and because ROBS is not a loan, there are no monthly payments to make.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

Most people focus on consolidating unsecured debt, such as credit card debt and payday loans, because of the higher interest rates that are charged on these types of debt.

FHA home loans can be a big chunk of first - time homebuyers» mortgages because the loans allow for lower down payments and relaxed credit qualifications.

If you don't meet a traditional lender's underwriting requirements because of your personal credit, industry, or loan amount, they could help.

A personal loan can be a source of startup funding because approval is typically based on your personal credit score.

A personal loan can be a source for newer businesses because approval is typically based on your personal credit score.

Personal loans help your credit score because they lower your utilization rate.

Of course, I can't provide this level of specificity because everyone's credit profile is different and would lead to different interest rates for a loan.

A credit score usually means you can keep more of your money because you will receive lower interest rates on your home or car loan.

Because these loans are made through intermediary lenders, there are different credit and lending requirements for each lender.

NOTE: Because a merchant cash advance is not a loan and providers do not report your payment history to the business credit bureaus, it does not help build or strengthen a business credit profile.

This is because, if you are making a personal loan to someone you know, it's very likely they don't qualify for a loan from a bank or a credit card.

Here's the loophole: If you take out a new home equity loan or line of credit and use the money for home improvements, you're converting a home equity debt into an acquisition debt because the proceeds are used to «substantially improve» a qualified residence.

Bank loans offer relative safety from interest rate risk because the coupons are reset periodically, but they do take significant credit risk.

This is because LendingClub offers terms from one to five years for loans and 25 - month terms for lines of credit.

In Raddon's recent survey, 17 percent of small businesses indicate they are hesitant to take on debt now because of the economy, and 8 percent feel they that their company would not be able to meet the credit standards for a loan.

A merchant cash advance does not help build business credit because it's not a loan and advance providers do not typically report repayment history to the business credit bureaus.

The PBoC created the TSF measure in 2011, largely because Chinese bankers had been de-emphasizing renminbi - denominated bank loans, the main measure regulators had previously used to monitor credit expansion, in favor of other forms of credit that were not so carefully monitored.

but because of the tax advantages and relatively low interest rates, you are more likely to get in trouble by having high credit card or car loan balances.

The main difference between the Graduate and Professional Student PLUS Loan («Grad PLUS») and the Parent PLUS Loan is that graduate and professional students who are denied a PLUS loan because of an adverse credit history will not be eligible for increased Stafford Loan limLoan («Grad PLUS») and the Parent PLUS Loan is that graduate and professional students who are denied a PLUS loan because of an adverse credit history will not be eligible for increased Stafford Loan limLoan is that graduate and professional students who are denied a PLUS loan because of an adverse credit history will not be eligible for increased Stafford Loan limloan because of an adverse credit history will not be eligible for increased Stafford Loan limLoan limits.

If you can't get approved because the defaulted loans tanked your credit, you may be able to qualify for a personal loan with a cosigner.

Too many hard inquiries in too short a span of time can bring your credit score down, because it's an indication that you are possibly taking out several loans.

Do you choose to buy consumer items on credit just because you want to get them right away, or are you using loans to help you meet your monthly bills?

Title loans are unlike credit card financing because they have a very short term.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

This is known as the total or «back - end» debt - to - income ratio, because it includes all monthly debts such as mortgage payments, credit cards, auto loan payments, etc..

Reader question: «I've heard that I need a high credit score to buy a house these days, because lenders are getting really picky with their loan guidelines.