Not exact matches
Another possible
deciding factor: Chase Freedom offers a 0 % Intro APR for 15 months from account opening
on purchases and balance transfers, then a 16.49 % - 25.24 % Variable APR, based
on your
creditworthiness.
Unsecured loans do not require collateral, which means the lender must rely
on your
creditworthiness when
deciding whether to grant you the loan.
My point is that our dear Government, should it
decide to intervene in the banks at all, should aim its capital injections toward banks that are
on the cusp of
creditworthiness.
Many lenders and businesses rely
on credit score when it comes to assessing the
creditworthiness of consumers in order to
decide whether a person will pay bay his debt if granted credit.
Lenders should be allowed to
decide which borrowers, based
on their
creditworthiness, can apply for jumbo conforming loans, letting their underwriting considerations determine loan decisions.