Sentences with phrase «for lack of a credit history»

Without credit, it's unlikely that you'll qualify for a conventional loan or be approved for a credit card, at least not without extreme interest rates attached, or being required to pay a large down payment to compensate for a lack of credit history.

Not exact matches

For many small businesses, guaranteeing a line of credit — especially if you are lacking a well - established credit history — can be a struggle.

«The lack of a credit history, or the borrower's decision to not use credit, may not be used as the basis for rejecting the loan application.»

«My lack of established credit history was the reason I was rejected for this position,» charged Lebron, who is studying Computer Information Systems and interviewed in 2012.

«The lack of a credit history, or the borrower's decision to not use credit, may not be used as the basis for rejecting the loan application.»

Although the practice is controversial, a bad credit history — or lack of credit history — can lower your chances of getting a job for which you otherwise are qualified.

For years, the FHA has advertised its products as loans for consumers «on the margins» of homeownership; those with less - than - perfect credit scores, with elevated debt - to - income ratios, or with a lack of credit histoFor years, the FHA has advertised its products as loans for consumers «on the margins» of homeownership; those with less - than - perfect credit scores, with elevated debt - to - income ratios, or with a lack of credit histofor consumers «on the margins» of homeownership; those with less - than - perfect credit scores, with elevated debt - to - income ratios, or with a lack of credit history.

Those with bad credit or no credit history at all can benefit from the lack of a credit check associated with these loans and the fast application and authorization process ensures that the money requested is available within a short time, which is ideal for unforeseen financial emergencies that can sometimes occur in between your pay days.

If you are unable to obtain a credit card due to your lack of US credit history, you can apply for a secured credit card.

The credit card companies said they were rejecting me due to my lack of credit history, but also told me the credit score they received for me was in the 700s.

A poor credit score or the lack of credit history can make it difficult for an individual to obtain a personal loan of any kind because he is deemed a high - risk investment.

«We know that many of these individuals live from paycheck to paycheck and remain unbanked for reasons ranging from problem credit histories and debt burdens, to distrust of financial institutions, to the lack of financial education.»

Getting a personal loan with no credit history and no cosigner means compensating for the lack of a reputable guarantor.

The lack of a credit history, excessive personal debt, short - term employment and other more nebulous factors may be the reason for being declined for a credit card.

FHA states that, «Neither the lack of credit history nor the borrower's decision not to use credit may be used as a basis for rejecting the loan application.

But these loans may work well for smaller companies or startups that can't qualify for traditional bank loans, due to a limited operating history, poor personal credit or a lack of collateral.

Getting a loan can be challenging for many small businesses, but Advanced Automation Corporation (AAC) didn't face the typical roadblocks, such as a lack of business history, poor credit ratings or an unproven industry: In fact, AAC has been successfully and profitably operating since 1985.

The loans from FHA are good for the borrowers with less than perfect credit rating, lack of credit history or high debt - to - income ratio.

Thanks to academic scholarships, I graduated as one of those unicorn debt - free millennials, and I quickly learned my lack of student loans meant creditors (or more importantly for me — a landlord) saw me as a risk due to minimal credit history.

I attended a school who lost their accreditation, one of only a few in U.S. history; however because I graduated with now a worthless degree (none of my credits transferred because the lack of sustenance to the program) I requested my loans be consolidated and applied for an Income based repayment plan due to my inability to use my degree to locate a better position.

This can be good news for borrowers with limited or no credit history as good educational or employment history can supplement a lack of credit history.

We locked in at 5.5 %, which is pretty good for my (lack of) credit history, even compared to today's low rates.

For that reason, while you may be open to helping a credit card first - timer, you should be wary of helping out someone who has a bad history of paying bills on time or who lacks sufficient income to be able to pay up each month.

The lack of an annual fee is great for students who are living on a budget, and being able to access your FICO credit score each month can come in handy if you're working on establishing a positive credit history.

If lacking a credit history, students should have a creditworthy co-signer to qualify for one of these loans.

This results in a lack of lengthy, positive credit histories for older Americans, making it hard to obtain credit.

If a buyer can't obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage.

For decades, Americans have taken the suburban home life for granted, but the reality such a scenario has become out of reach for millions of Americans as banks have become stricter about granting mortgages to those who lack credit history or clearly can not afford the house they have in miFor decades, Americans have taken the suburban home life for granted, but the reality such a scenario has become out of reach for millions of Americans as banks have become stricter about granting mortgages to those who lack credit history or clearly can not afford the house they have in mifor granted, but the reality such a scenario has become out of reach for millions of Americans as banks have become stricter about granting mortgages to those who lack credit history or clearly can not afford the house they have in mifor millions of Americans as banks have become stricter about granting mortgages to those who lack credit history or clearly can not afford the house they have in mind.

Children are also common victims because their lack of credit history makes it unnecessary to review their credit reports, which means that identity theft can go undetected for a long period of time.

Because of your credit history, or lack thereof, you will end up paying for in the long run.

Below are three of the highest - rated credit cards made specifically for those who lack an established credit history.

Other times, it's a lack of credit history that prevents someone from having a good credit score, says Armand Goytia, a certified consumer credit counselor for Guidewell Financial Solutions in Catonsville, Maryland.

Similar to when you apply for a mortgage or credit card, your lack of credit history means you're an unknown quantity - there is no history of monthly credit card payments.

Hundreds of millions of people around the world, in poor and developing countries, lack access to credit due to absent or inadequate credit histories — credit that that could help in starting a business, pay for an education, or buy a home.

Speaking of credit reports, sometimes a non-wage earning spouse will not be able to qualify for a mortgage because he or she lacks the income and credit history needed to qualify.

The credit-less: Consumers who don't have credit cards may think their lack of debt history will be a positive when applying for a mortgage.

«The lack of a credit history, or the borrower's decision to not use credit, may not be used as the basis for rejecting the loan application.»