Sentences with phrase «extend high interest credit»

A payday loan is a type of short - term borrowing where a lender will extend high interest credit based on a borrower's income and credit profile.

Not exact matches

As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.

Without other sources of credit, customers turn over a post-dated check, and agree to sky - high annual interest rates, as well as fees that keep piling up if they need to extend or roll over the loan.

Ideally when the interest rate is high on the current credit card one holds, at times the monthly payments may extend or the amount that is paid is high, which at times consumers are not able to keep pace with and tend to default in their payments, leading to a dip in their credit scores and a negative...

Consequently, if you find a credit card issuer willing to extend you credit, be prepared to pay higher interest rates and fees.

For the remaining years of an extended guaranteed period, the interest rate credited will remain fixed and may be higher or lower than that credited to contracts where an extended guaranteed period was not selected.

With interest in excess of 25 %, it doesn't take too many minimum payments before the cost of the extended credit kicks into high gear.

They are popular again and creating debate on whether extending high - interest credit to mostly poor consumers is a good thing for the economy.

Conversely, the lower the score, the less likely it is that you'll be extended credit, and even if you do qualify, you'll likely be looking at very high interest rates.

It seems that the interest rate is higher because they will extend credit to those with less than perfect credit, making it ideal for some people that need a credit card and can't get a lower interest rate.

For these consumers, creditors may extend credit at higher interest rates as there's more risk of defaulting on loans.

In November, NAR's Board of Directors asked us to do four things: Push for loan limit increases for high - cost areas to be extended beyond 2008; make the $ 7,500 tax credit a true credit and not a loan; find ways to push interest rates down by 200 basis points; and help provide solutions to the foreclosure / short sale problem.