Not exact matches
Information
in the form of salary / assets, expenses, and your
credit score are the primary
deciding factors.
A good
score will get you
in the proverbial door, but other
factors will be weighed to
decide whether you are a good candidate for the particular form of
credit you are seeking.
While many installment loan lenders will run a
credit check, they don't use your
credit score as the only
factor in deciding whether to lend to you.
According to the National Association of Insurance Commissioners, auto insurance companies use a something called a
credit based insurance
score as a
factor in deciding how much to charge an individual for car insurance.
One of the biggest reasons LoanMart has been a reputable alternative lender since 2002 is the fact that
credit score will not be a
deciding factor in the auto title loan process.
About 90 % of lenders use the FICO
score as a measuring stick so if that's the
deciding factor in receiving a loan or being denied, you might want to start by improving your
credit score before seeking a loan.
After your earnings - to - rent ratio, your
credit score is the most important
factor in deciding whether your rental application is accepted.
Your
credit score is one of the biggest
deciding factors in your financial health.
A good
credit score also becomes the
deciding factor in the type of interest rates you might obtain for any
credit card or loan you receive, which can save you — or cost you — hundreds to thousands of dollars per year.
Credit score is not the only
factor that lenders use
in deciding if they will lend to you, or what the terms will be.
Your
credit score is not a major
deciding factor in the approval process.
It is different from bank mortgages, based on
credit score in that equity is the primary
deciding approval
factor.
Your
credit score has apparently become the new
factor in deciding if you are date - worthy or not.
When buying a new car, there are three main
factors that will determine your monthly payments: how much money you put down (or trade
in), how long of a term you
decide upon and your auto loan
credit score.
DR. JONES - DeWEEVER:
In that hypothetical situation, I believe that there are no circumstances under which frankly where utilizing a
credit history, a
credit score, quantitative or the broader
credit history as is commonly the practice, I don't believe that that should be a
deciding factor.
The
factors outlined above are calculated slightly differently by the two
credit bureau companies
in Canada, Equifax and TransUnion, and it is up to each lender to
decide how they interpret and use
credit scores and
credit report information.