Sentences with phrase «credit met their loan obligations»

Apparently the borrower with the poor credit met their loan obligations.

Not exact matches

An economic injury loan is available only to those business owners who are unable meet their financial obligations and can't get credit elsewhere.

If you're making enough money to fulfill your debt obligations, have good or excellent credit or can produce a cosigner, a College Ave Refi loan may meet your refinancing needs.

Credit risk is the risk of loss of principal or loss of a financial reward stemming from a borrower's failure to repay a loan or otherwise meet a contractual obligation.

provide for the obligation of funds for the secured loans or secured Federal credit instruments after all requirements have been met for the projects subject to the master credit agreement, including --

Consumers with more than $ 10,000 in unsecured obligations meet the criteria — this includes credit cards, unpaid medical bills, and personal loans.

A bad credit personal loan is a loan designed specifically for those borrowers who have less than perfect credit, due to illness or injury that prevented them from working and meeting payment obligation, or job loss due to the weak economy that has forced hundreds of companies to shut down and thousands of workers to lose their jobs.

The lender will want to know if you have enough money left over every month after you meet your necessary obligations (rent, mortgage, car payment, utilities, credit cards, etc.) to pay back the loan.

The line of credit grows over time, independent of the home's value.5 As long as the loan obligations are met, the reverse mortgage line of credit can not be reduced or cancelled.

• Be a citizen of US, US non-citizen or other Qualified Alien • Property must in designated rural area • Have income less than 115 % of the median income in the county • Must occupy the dwelling as primary residence • Must have the legal / financial capacity to incur loan obligations • Shouldn't be suspended or disqualified from participation in federal programs • Establish will to timely meet credit obligations

The cosigner should be someone with good or decent credit that trusts you to repay the loan and meet your obligations.

To release your cosigner (s) from their obligations, you must meet the underwriting and credit criteria, including the income and FICO score requirements listed above, for the loan at the time it was applied for.

To help ensure the long - term success of the HECM loan over time, HUD requires a review of each applicant's credit history, property tax payments and other credit factors that will be evaluated to measure a borrower's willingness and financial capacity to meet the ongoing obligations of the loan.

An applicant for the KentuckyUSDA mortgage guarantee loan must provide sufficient income verification and a credit history that indicates an ability and willingness to meet repayment obligations.

Although your personal credit score might not be the most accurate measure of how your business meets its obligations, most lenders will review your personal credit score when evaluating a business loan application.

Even though your credit may not be great or have no credit at all, you may find yourself not eligible to get a personal loan to meet your immediate financial obligations.

Successfully meeting the obligations of a bad credit personal loan will help improve credit ratings.

The money gained allows people with a bad credit score that wouldn't be approved for loans by banks to meet financial obligations.

It could actually boost a person's credit score and increase the chance for mortgage approval, especially if the borrower (A) has made all loan payments on time and (B) has sufficient income to meet those obligations.

While having a loan and honouring its obligations can help build credit, too many loans may be seen by potential creditors as an increased risk, and failure to meet repayment obligations will result in a negative report to the credit bureaus, which would reduce your credit score.

Depending on factors including: length of credit history, income and existing credit obligations, student borrowers without a cosigner may be required to meet the minimum FICO ® score as determined by Ascent Student Loans.

Although borrowers were accustomed to having no credit requirements before this change, they are now evaluated more thoroughly, allowing at - risk borrowers with the means to meet their loan obligations, if needed.