Sentences with phrase «high credit scores as»

Young people, students, and others can still have high credit scores as long as the other factors are positive.

So even young people, students and others with short histories can still have high credit scores as long as the other factors show positive results.

That's why it's important to have as high a credit score as possible before you apply for any loan, whether it is a private student loan, private student loan refinancing, or a personal loan.

If you are a transactor, you're in good shape for buying or refinancing a home so long as you continue to pay off your credit card while supporting a high credit score as a result.

So, my advice is instead of trying to get as high a credit score as possible which may mean taking on more debt than you should, I think you should instead focus on what's right for you, which might include things like, you know, saving money so you've got a bigger down payment when you go to buy that house.

While the exact factors that are considered from these reports vary from year to year, it's generally a good idea to have as high a credit score as possible if you decide to apply.

Not exact matches

Reports are also the basis for your credit score, that three - digit number in the 300 - 850 range (the higher the better) that lenders use as a measure of your creditworthiness to approve loans and set interest rates.

Card debt hit a record high, while credit scores reached their highest point in a decade, as consumers loosen the purse strings.

And as part of this change, some civil debts and tax liens will be excluded, which means some credit scores will edge higher.

Higher scores represent a greater likelihood that you'll pay back your debts so you are viewed as being a lower credit risk to lenders.

Having a parent or friend add you on to their card as an authorized user can help you work towards a higher credit score, but there are some potential downsides.

While aiming for a high credit score is a worthy goal, sometimes a lower credit score in the short term as a result of consolidating debt may be worth the sacrifice to save money on interest payments and pay off your debt faster.

In April 2005, New York Attorney General Eliot Spitzer asked Wells Fargo and three other large banks for information on loan conditions and credit scores as he investigated whether the racial disparities in high cost loans violated state laws.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

If you have a credit score of 720 or higher, you may be able to score an annual percentage rate (APR) as low as 4.99 %, provided you qualify for at least two rate discounts.

As a general rule, banks prefer to see borrowers with personal credit scores over 680, they like to see a good number of years in business, and generally don't like to lend to restaurants (they perceive them as higher riskAs a general rule, banks prefer to see borrowers with personal credit scores over 680, they like to see a good number of years in business, and generally don't like to lend to restaurants (they perceive them as higher riskas higher risk).

Although you could qualify for an FHA loan with a credit score as low as 580, your interest rate will likely be higher than a borrower with a credit score of 700 or more.

As such, we regularly approve loans for businesses with limited credit history (e.g. 2 - 3 months), and that have credit scores deemed «high risk» or «bad» by commercial rating firms.

Despite their high value, some co-branded airline credit cards — such as the Southwest Rapid Rewards ® Plus Credit Card — are within the reach of consumers with average credit scredit cards — such as the Southwest Rapid Rewards ® Plus Credit Card — are within the reach of consumers with average credit sCredit Card — are within the reach of consumers with average credit scredit scores.

Together, these requirements create a triple whammy for some first - time homebuyers who often have smaller down payments, higher debt obligations — such as student loans — and traditionally lower credit scores than more seasoned buyers.

As described in this 2015 YouTube video (embedded below), a low social credit score is meant to isolate unruly citizens from the rest of the population and deny them access to state services and benefits via travel bans, increased prices for day - to - day products, higher bank interests, and others.

There are a few different things you can do to get your credit score as high as possible, but they'll depend on your current range.

It's a testimony to the fact that a person can create a high credit score quickly and with a single account, as long as it's used regularly and responsibly.

With a low score, you may still be able to get credit, but it will come with higher interest rates or with specific conditions, such as depositing money to get a secured credit card.

As long as you pay your business card on time and avoid high balances, having a business card that appears on your personal credit reports with Equifax, Experian and TransUnion should not be a problem, and may even help your credit scoreAs long as you pay your business card on time and avoid high balances, having a business card that appears on your personal credit reports with Equifax, Experian and TransUnion should not be a problem, and may even help your credit scoreas you pay your business card on time and avoid high balances, having a business card that appears on your personal credit reports with Equifax, Experian and TransUnion should not be a problem, and may even help your credit scores.

The bottom line is that a higher credit score will help you when qualifying for a home loan as a first - time buyer.

(Just realize that some lenders will require credit scores of 620 or higher, even though the FHA's guidelines allow a score as low as 500.

In their eyes, you might not need as high of a credit score or annual income to be approved for a loan.

But, as we talked about earlier, the PMI company might require an even higher credit score.

While loan programs exist that help a wider range of borrowers, such as the FHA loan program, having a credit score of 700 or higher ensures you get the best mortgage interest rates and loan terms.

The latest Home Buyer Reality Report from NerdWallet reveals that 39 % of denied mortgage applicants pointed to poor credit history and low scores as the reason for being turned down, and more than 50 % cited high debt - to - income ratios.

The higher your score, the more likely you are to be approved for loans and other types of credit, as well as to attain a lower monthly payment (and thus a lower cost of borrowing overall).

For example, a cash - out refinance may be limited to a lower loan size as compared to a rate - and - term refinance; or, may require higher credit scores at the time of application.

A low credit score can signify that you're less reliable as a borrower, so you might get a higher interest rate to make up for the risk.

As part of underwriting, you or your co-signer will need to show you have a credit score in the high 600s or higher, as well as cash flow to make loan paymentAs part of underwriting, you or your co-signer will need to show you have a credit score in the high 600s or higher, as well as cash flow to make loan paymentas well as cash flow to make loan paymentas cash flow to make loan payments.

Because almost every financial action you take is influenced by your credit score — and because it's not uncommon for credit report errors to drag down your score — it's crucial to be aware of your score and do your best to keep it as high as possible.

Not surprisingly, data released this month from the the Financial Industry Regulatory Authority's Investor Education Foundation, which seeks to promote financial literacy, reveal high school students who are required to take personal finance courses have better average credit scores and lower debt delinquency rates as young adults.

Applicants can qualify with an even higher ratio, however, with compensating factors such as a high credit score and a rent payment that matches the proposed house payment.

A higher credit score could mean lower auto loan interest rates, and approval for other credit items such as mortgages, lines of credit, and personal loans.

The origination fee has a $ 75 cap at Prosper no matter what your credit score is, but at Lending Club it could be as high as 5 % of the loan.

Borrowers with a poor credit score are seen as being at a higher risk of defaulting on a loan.

Mortgage rates valid as of date / time and assume borrower has excellent credit (including a credit score of 740 or higher).

While alternative lenders have higher APRs on average, you can still find reasonable terms if you have a good to excellent personal credit score — defined as any FICO score above 680.

Mahrez is the highest scoring non-striker in the Premier League this term, with 16 goals, as well as being credited with 11 assists also.

Now, my credit score is almost as high as it can be.

In a 2013 survey, only 10 percent of parents of students receiving tax - credit scholarships in Georgia listed «higher standardized test scores» as one of their top five reasons that they chose their child's school.

The Index awards points for students passing high school level courses and extra credit for those achieving additional credit, such as meeting cut scores on state or national exams or earning college credit through dual enrollment.

Moreover, ACT Inc., which began measuring college readiness as the American College Testing Program in the 1950s, reports that among the college aspirants who took its admission exams last year, only 21 percent of the graduating seniors attained scores high enough in all four subjects — English, reading, math, and science — to indicate that they wouldn't need to take a no - credit remedial course when they entered college.

The report shows that students in linked learning programs do as well, if not better, on test scores and complete more credits than similarly - situated students in traditional high schools.

We matched 8,095 dual credit participants to an equal number of nonparticipants within the same high school at the point of postsecondary enrollment using propensity scores calculated through a two - level hierarchical generalized linear model with college type as a post treatment adjustment.