Sentences with phrase «credit qualifications of applicant»

Not exact matches

Credit Scoring: A method, based on statistical analysis of applicant characteristics, through which lenders determine the applicant's qualification for cCredit Scoring: A method, based on statistical analysis of applicant characteristics, through which lenders determine the applicant's qualification for creditcredit.

The Equal Credit Opportunity Act and the Fair Housing Act identify a number of factors that are illegal to use in evaluating a prospective applicant's qualifications: race, color, religion, sex, national origin, marital status, age (provided the applicant has the legal capacity to contract), source of income derived from public assistance, handicap, familial status (families with dependents under age 18).

Even though the applicant for this type of loan is unemployed the lender will not do a credit check but instead will do a background check on the applicant looking at educational qualifications, the skills he or she possesses and previous work experience.

To qualify for the program, applicants must meet all other home loan qualifications — with the exception of credit related reasons.

Equal Credit Opportunity Act requires that all credit applicants be considered on the basis of their actual qualifications for credit and not be turned away because of certain personal characteriCredit Opportunity Act requires that all credit applicants be considered on the basis of their actual qualifications for credit and not be turned away because of certain personal charactericredit applicants be considered on the basis of their actual qualifications for credit and not be turned away because of certain personal charactericredit and not be turned away because of certain personal characteristics.

For example, the applicant lists «understanding of credit and privacy laws» in the qualifications section and gives credence to that claim with «followed federal laws to avoid revealing personal information about applicants.»

The Equal Credit Opportunity Act and the Fair Housing Act identify a number of factors that are illegal to use in evaluating a prospective applicant's qualifications: race, color, religion, sex, national origin, marital status, age (provided the applicant has the legal capacity to contract), source of income derived from public assistance, handicap, familial status (families with dependents under age 18).