Sentences with phrase «defaulted on a short term loan»

However, those who currently have out more payday loans then their income can support or have defaulted on a short term loan in the recent past will likely get turned down.

If so, as long as you don't have a record of defaulting on short term loans, your chances of approval are excellent.

Not exact matches

Liquidity: The mere prospect of default is having an impact on the $ 5 trillion repo market, where big banks and investors get short - term loans using their holdings of Treasury securities, mostly T - bills, as collateral.

When a lender like us at Easy Choice Lending takes your title, they place a short - term lien on it to enable them to seize your vehicle and sell it in the event you default on your loan.

Combined with the fact that you pay the short term gains taxrate on the interest no matter what and at best you get a capital loss when a loan goes into default means the 6 - 9 % Lending Club claims investors average is probably closer to something like 3 - 5 % after the unfavorable tax treatment.

No matter what your credit score, if you meet the qualifications and have not defaulted on any similar short term loans, you will almost certainly be approved for cash loans in one hour.

Income - driven plans are a good short - term option to manage your cash flow and avoid defaulting on your loans.

As long as your monthly income meets the requirements and you don't have a history of defaulting on short - term payday loans, you're almost certain to be approved!

Prime rate is the short - term interest rate charged by a lender to customers who are the least likely to default on their loans.

Since it's a short term loan, it's reasonable to expect that your circumstances won't change much if at all during the term of the loan, so the fact that your income is sufficient to repay the amount borrowed — and as long as you don't have a record of defaulting on similar short - term loans — is all the lenders need to know.

The interest rate you pay on the short term loan is much more desirable than years at a default annual percentage rate with your credit card company.