Sentences with phrase «debts and credit history»

Loan approval is determined by a lender and primarily based on your income, debts and credit history.

Personal Information: We will look at your income, assets, debts and credit history to help determine your ability to repay the loan.

Debts and credit history: To determine your total debt and your history of repaying other financial obligations.

To become pre-approved, you'll provide your lender with information on your income, assets, debts and credit history to analyze your financial profile and determine your creditworthiness and amount you can borrow to purchase a home.

At present, your credit score is based on the FICO scoring system which was introduced in 1989 and consists of five major categories: payment history, types of credit used, new credit accounts, debts and your credit history.

To assess your creditworthiness, Celtic Bank may consider your income, debt and credit history if available.

Considering your application, Mid America Bank takes into account your income, debt and credit history.

Unlike pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.

Factors like interest rates, lending standards that set requirements for income, debt and credit history and the availability of mortgage credit can affect demand for homes by making it easier or harder for buyers to get financing.

Pre-approval (unlike pre-qualification, which is based on a brief review of your finances) is based on your actual income, debt and credit history.

Not exact matches

But factors likely include your current debt, your payment history and how long you've held any credit accounts.

If your business doesn't yet have its own credit history, many backers will want proof that you can responsibly manage money and pay your debts.

To develop your credit score, FICO analyzes your debts against your limits, your history of on - time and late payments, the number of accounts you have, the various types of accounts you have (such as revolving, installment and so on), the length of your overall credit history and the amount of new credit you've been applying or.

Debt affects your credit score and can hamper your job prospects as well if your potential employer conducts a routine background check, which includes your credit history.

TransUnion and Equifax collect credit information, including a borrower's payment history, debt load, maximum credit limits, names and addresses of current creditors, and other elements of their credit relationships.

Business and personal credit histories are both relevant, as is information about any other outstanding debt.

Chief among these are your credit score and history, employment status, and debt - to - income ratio.

Credit scores are based on a number of factors, including your credit card history, debt repayment record, and debt - to - income Credit scores are based on a number of factors, including your credit card history, debt repayment record, and debt - to - income credit card history, debt repayment record, and debt - to - income ratio.

To qualify, you must meet credit history, debt - to - income and loan amount requirements — plus have a substantial down payment.

You also need a good credit history that shows you pay your bills on time and have a low debt - to - income ratio.

When you apply for student loan refinancing, lenders look at your income, debt - to - income ratio, and credit history, among other things.

With the S&P 500 within about 8 % of its highest level in history, with historically reliable valuation measures at obscene levels, implying near - zero 10 - 12 year S&P 500 nominal total returns; with an extended period of extreme overvalued, overbought, overbullish conditions replaced by deterioration in market internals that signal a clear shift toward risk - aversion among investors; with credit spreads on low - grade debt blowing out to multi-year highs; and with leading economic measures deteriorating rapidly, we continue to classify market conditions within the most hostile return / risk profile we identify — a classification that has been observed in only about 9 % of history.

If you want to boost your chances of getting approved, we recommend that you have at least two to three years of credit history, a credit score of 680 or above and a debt - to - income ratio under 40 %.

You can sometimes overcome a less than stellar credit score by having a low debt - to - income ratio, savings built up, several years of credit history and a good annual income.

Over time, repaying student debt has a positive impact on borrower's credit score and history, so long as the bill is paid on time each month.

This means having a few years of credit history, a variety of account types (i.e., credit cards, mortgages, installment loans, etc.), liquid savings and assets and a low debt - to - income ratio.

To improve your odds of getting approved, we recommend borrowers have credit scores of at least 680, a moderate to low debt - to - income ratio, solid income and a demonstrated history of saving.

But they maintain that the disparity can be explained by two factors the industry has fought to keep hidden: the prospective borrowers» credit history and overall debt - to - income ratio.

Credit looks at your credit score, debt - to - credit ratio and credit hiCredit looks at your credit score, debt - to - credit ratio and credit hicredit score, debt - to - credit ratio and credit hicredit ratio and credit hicredit history.

Your FICO score is based on your payment history, the amount of debt you owe, the types of debt you have, inquiries for new credit and the age of your accounts.

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.

Depending on your credit history, income, and amount of debt, you could qualify for a credit card consolidation loan with an interest rate as low as 4.98 %.

When lenders decide whether or not to extend credit to you, they're assessing the amount of debt they think you can realistically take on given your income, employment history, and credit history.

LexisNexis uses outstanding debt, payment patterns, length of credit history, available credit, late payments, new applications for credit, type of credit used, past - due amounts and public records in calculating its insurance score.

If you have a pretty good credit history, a manageable level of recurring debt, steady income, and a down payment of 3 % or more — you might meet the minimum qualification requirements for a 30 - year fixed - rate mortgage loan.

If you have any dings in your credit history, paying down your existing debt and making sure that you always make on - time payments can help you improve your credit and improve your chances of being approved for a loan.

A strong credit history typically results in a higher limit — and therefore a bigger bite out of your owed debts.

The latest Home Buyer Reality Report from NerdWallet reveals that 39 % of denied mortgage applicants pointed to poor credit history and low scores as the reason for being turned down, and more than 50 % cited high debt - to - income ratios.

Borrowers who are interested in an FHA Purchase Loan must be able to make a down - payment of at least 3.5 % (which can be a gift), must live in the property they are purchasing and have a debt - to - income ratio no higher than 50 - 55 % (depending on their credit history).

SoFi is often identified as a company aimed at millennials, and its alternative method of assessing borrowers does make it easier for applicants with shorter credit histories and higher debts to qualify.

Unlike most financing options, HERO approvals are primarily based on home equity, household income, product eligibility, and debt payment history, rather than credit score.

VA mortgage underwriters evaluate your credit history, debt, income and assets.

Each person's credit profile is different, depending on payment history and debt, but the simple answer on where you want to be, is as high as you can.

You'll generally need solid income, a credit score of 690 or higher and a history of on - time debt payments.

He adds that roughly 60 percent of his Millennial clients choose FHA loan products, because they usually are first - time homebuyers with high debt loads and perhaps limited credit histories,

Specific debt - to - income requirements vary based on a range of criteria including loan - to - value ratio, assets used to qualify for the loan and credit history but typically a successful applicant will have a total debt - to - income ratio (including the proposed loan payment) below 43 % of monthly gross income.

The factors that determine which credit card debt consolidation option works best for you are your debt load, your credit score and history and your overall financial situation.

Although there are many other factors, including credit history and the amount of available cash reserves, the maximum Debt - To - Income (DTI) ratio for a conventional loan is usually approximately 45 %.

This is one way to make payments affordable, pay down excessive debt, and reestablish your credit history.

There are few factors that determine how much you will be qualified to borrow: credit history, Debt - to - Income Ratio and Loan - to - Value / down payment.