Sentences with phrase «current delinquencies»
At least one large FFEL program lender misinterprets the 90 - day delinquency requirement as involving a five - year lookback instead of looking just for current delinquencies.
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He wouldn't cite current delinquency figures for these loans that make up 1 - 2 % of the company's overall portfolio, but said that, overall, all mortgages are performing well.
This specialized database tracks current delinquencies and defaults within the last three years on things like federal student loans, FHA loans and other federal programs.
«Current delinquency rates are well above normal levels, and analysts say hundreds of billions of dollars of loans may be difficult to refinance in coming years.
You can not have any current delinquencies and no delinquencies greater than 90 days in the past year.
Authors Andrew F. Haughwout and Ebiere Okah estimate negative equity — in which the mortgage balance exceeds the value of the collateral housing unit — in the U.S. nonprime mortgage market as of December 2008 to describe the source of the current delinquency and foreclosure problem.
You can not have any current delinquencies, and you can not have had any delinquencies greater than 90 days in the last 12 months.
The company is also very clear about what it takes to qualify for one of its loans: a minimum FICO score of 660, a debt - to - income ratio of 50 % or less, three years of credit history, two open and satisfactory trades, no current delinquencies and no delinquencies greater than 90 days in the last 12 months.
Must have a FICO score of 640 +, no current delinquencies, at least 3 years of credit history and a debt - to - income ratio of no more than 50 %.
The company is also very clear about what it takes to qualify for one of its loans: a minimum FICO score of 660, a debt - to - income ratio of 50 % or less, three years of credit history, two open and satisfactory trades, no current delinquencies and no delinquencies greater than 90 days in the last 12 months.
Other factors considered in LendingPoint's decisions include credit history, credit card debt, employment status, current delinquencies and bankruptcies, charge offs in the last 12 months, open tax liens, and debt - to - income ratio.
The credit history of borrowers will also be checked for bankruptcies in the last seven years, current delinquencies, open tax liens and any collections accounts (excluding medical costs).
Qualifying at Payoff is straightforward: you'll need a FICO score of 660 or higher, a debt - to - income ratio under 51 %, three years of credit history with at least two current accounts in good standing, no current delinquencies (and none greater than 90 days in the last 12 months) and no more than one installment loan in the last 12 months.
They decide whether or not to lend to you based on a number of other factors including your employment status, your current debts, your current delinquencies and bankruptcies, any charge - offs you have in the last 12 months, open tax liens, earning potential, and your debt - to - income ratio.
You can not have any current delinquencies, and you can not have had any delinquencies greater than 90 days in the last 12 months.
Others won't approve applicants too recently removed from a bankruptcy discharge or those with open collection accounts or current delinquencies.
Additionally, you'll need a debt - to - income ratio under 40 %, and the company requires that you have no current delinquencies or recent bankruptcies and that you have some credit history and an open bank account.
Additional eligibility criteria at Peerform include a debt - to - income ratio under 40 %, no current delinquencies, no bankruptcies or other liens in last 12 months, at least one open bank account and at least one revolving account ever opened.
Must have a FICO score of 640 +, no current delinquencies, at least 3 years of credit history and a debt - to - income ratio of no more than 50 %.
If you want to qualify for a Peerform personal loan, you need a minimum credit score of 600, a debt - to - income ratio below 40 %, no current delinquencies or recent bankruptcies, an open bank account, and at least one revolving account on your credit history — i.e., a credit card or line of credit.
You'll need a credit score of 640 or higher, a debt - to - income ratio less than 51 %, at least three years of credit history, at least two open and satisfactory trades (e.g., credit cards, loans, etc.), no current delinquencies and no delinquencies greater than 90 days in the last 12 months.
You can not have any current delinquencies and no delinquencies greater than 90 days in the past year.
Given that Lending Club now allows borrowers with a bankruptcy or a current delinquency it is easy to see how one would get that impression.
The regulations at 34 CFR 682.201 (c)(2) define an adverse credit history for the FFEL program as having had a default determination, bankruptcy discharge, foreclosure, repossession, tax lien or wage garnishment in the last five years or a current delinquency of 90 or more days.
The one that should remain is the one that reports the current delinquency the longest.
To qualify for a personal loan, you can not have any current delinquencies over a 90 - day period within the last 12 months.
Making one minimum payment stops the progression of delinquency and keeps you at your current delinquency level.