Sentences with phrase «different than traditional loans»
The repayment terms are also different than traditional loans, so make sure that you understood al the terms before taking the loan.
https://www.nationalcashcredit.com/ Not exact matches
«Some of the best independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan,» Gallegos points out.
Sure, the short - term lending industry is quite a bit different than the traditional lending industry, but by eliminating a lot of that regulation and red tape of these nontraditional lenders — lenders, in specific — are able to offer their loans to individuals that simply would have been able to get a loan any other way.
Prosper is a peer - to - peer lending service, which provides a different type of funding for loans than those that traditional financial institutions offer.
A short - term loan for 3 months from a direct lender like Wizzcash is different to a traditional payday loan in that you would pay it back in three instalments, rather than one lump sum.
A HELOC is different than a traditional lump sum loan, in that it gives homeowners access to funds (a line of credit, not unlike a credit card) up to a certain credit limit, with one important difference — a HELOC uses the borrower's home as collateral.
The new independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan.
A reverse mortgage is different than a traditional or forward loan in that it operates exactly in reverse.
Finally, you can get a tax refund advance regardless of the state of your credit, because the criteria used are different than those for a traditional loan.
Today's independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan, yet they may not have the same type of staffing as a traditional lender.
Note that Lending Club is a company that offers personal loans through a different channel than that provided by banks and traditional institutions.
The 203K loan is different than your traditional home improvement loan that needs equity for eligibility, because it enables financing to 115 %.
Our network of lenders uses different criteria to evaluate loan requests than traditional banks or lenders.
This is different than a traditional rate and term refinance in which your new loan balance is the same as your old loan balance.
While OppLoans» interest rates are higher than traditional bank loans, that's because they're lending to a very different type of borrower — one who is likely to be rejected for a loan from other lenders.
A reverse mortgage is different than a traditional or forward loan in that it operates exactly in reverse.