Sentences with phrase «high credit scores because»

All the lenders are happy to deal with consumers having high credit scores because for them it's a guarantee of a responsible financial behavior.

Renters with low credit scores may be charged a higher initial deposit than those with high credit scores because there is a perception that financial troubles add increased risk for landlords.

These clients are increasingly millennials who don't have high credit scores because they don't have long credit histories, might not have built their credit because they don't have a credit card, or might be just out of school.

But that does not mean you get a higher credit score because you are now being compared to consumers with better credit profiles.

They sound similar, but often time people will have one really high score that could create the perception of a higher credit score because the average is distorted.

In this case, the lower balance would be given a higher credit score because you're utilizing less of the total credit available to you.

Not exact matches

Instead of pursuing traditional funding sources — and because of his high credit score — he opened up 12 - and 18 - month interest - free credit cards.

It is understandable «Types of current credit» garnered the highest percentage of incorrect responses because this factor accounts for a mere 10 percent of credit score points.

Because a lower credit score indicates that you present a higher risk.

However, because it's not a government program, you might need a higher credit score to qualify for one of these mortgages.

That's because they have higher credit scores than the average borrower, and / or they are paying more money up front in the form of discount points.

Reader question: «I've heard that I need a high credit score to buy a house these days, because lenders are getting really picky with their loan guidelines.

While those with higher credit scores can also apply, we don't recommend LendingPoint for these individuals because of the lender's high starting annual percentage rates (APRs).

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 poBecause 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 pobecause 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.

Between 16 and 18, things are getting serious, because now they are preparing to go after college or have a gap year or something which they are going to be independent, so now the stakes are higher and you really want them to be accountable, to a cash flow statement budget, savings, credit, they really need to learn about FICO scores, all of these things they are going to need when they are off to college.

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

A higher credit score can save you an enormous amount of money because it usually means a lower mortgage interest rate.

If you have a poor credit score, you may only qualify for a higher mortgage rate, because a lender can recoup most of the loan amount at a faster rate if the rate is higher.

The minimum credit score required to buy a new car could be higher than average — because you probably are spending more money.

Paying your bill in full is extremely important for using a credit card wisely because it allows you to both avoid interest and build a high credit score.

This can result in someone with «good credit» being turned down for a loan because this additional score tells a potential lender that you are a high bankruptcy risk even though you have a high credit score.

Banks sometimes send pre-approved credit cards to people with poor credit scores because of high balances and utilization.

«This move will ultimately make a real difference in the lives of millions of Americans, who have been shut out of the housing market or forced to pay higher mortgage interest rates because of flawed credit scores.

Q: I was turned down by my mortgage lender when I applied to refinance a couple years ago because they didn't like my credit score, even though it was higher at that point than it was ten years earlier when I first got the mortgage.

A higher credit score is favored by lenders, because it suggests that a borrower is less likely to default on the mortgage.

Over the life of the loan, the person with a lower credit score will pay an additional $ 720 because of the higher interest rate.

Because of their low credit scores, they pay higher insurance premiums and may be unable to rent an apartment or qualify for a home loan.

It's something we recommend because the bureaus and lenders will look favorably on a company that can pay early, which will result in much higher business credit scores and indexes.

This is because the higher your credit score, the lower the interest rates and APR you get on your loan and lines of credit.

If you have a challenge in qualifying for a loan — such as a low credit score, a spotty job history, a high debt - to - income ratio, income from self - employment or a side business — you may want to discuss your options with multiple lenders, because you'll find more variation in the cost of the loan.

Frame the discussion in terms of shared goals, because a high credit score by itself isn't worth much, says Joshua Harris, a certified financial planner and lecturer at Clemson University.

Applications are rejected because the perceived risk is too high; it does not have much to do with credit scores.

I was a little nervous to apply because I don't want to be denied and have that mark against my credit for 2 years for nothing but I went ahead and enter my info to see if I was pre-qualified for anything and this card came up along with the other Capital One and the Quicksilver or whatever that's called so I chose the safe option and was approved with a credit score of 549 and my deposit was $ 49 for a $ 200 dollar credit limit, but me being me and wanting a higher credit limit I paid $ 249 and have a credit limit of $ 400.

When you have a high credit score, you're often granted a lower interest rate because it's far less likely you'll default on your loan.

High APR's are not where you want to look when searching for a loan because you may end up getting caught in a viscous cycle of missed payments and a decreasing credit score.

This makes it imperative for each person to have a high credit rating, because conventional lenders will charge you based on the spouse with the lowest score.

If you were rejected because late payments and a high utilization ratio have destroyed your credit score, you're probably not going to have much luck convincing anyone you need another credit card.

on my other credit reports my score is higher and i have only 3 things on my credit score wow, get denied suppose to help people reestablish there credit, the reason why i got behind and my score drop because i got sick and i am disabled now wow smh

It may be because your credit score was not high enough.

The reason why is because debt consolidation is a loan that requires you to have a high credit score to get approved for, so if you stopped paying your credit cards already then your credit score would have taken a hit - making debt consolidation a bad option for you to consider.

You can control them by learning just a few of the secrets and / or a few of the things that go in to making your credit score and just start taking control of that, because a high credit score means you get a lot better deals when you need them.

Because of the impact to your credit score, the lien may cause you to pay a higher insurance rate.

You'll want to monitor this number because high credit scores help you qualify for loans and better interest rates when you begin to look into other types of loans (e.g., auto loan, mortgages, etc.).

Having the best FICO score or credit score possible should be a high priority in your life because it can have an effect on some various things.

With a higher credit score, you're often more capable of making smart financial decisions with your card because you know how you arrived at a lower credit score.

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.

This is because having a higher credit score makes you more likely to be approved for other helpful ways to save money.

After a couple months my credit scored dropped back to 786 because of the new higher debt ratio but I don't care because it will go backup when I'm done with THEIR money.

A bad credit score makes life more expensive because it means you'll get higher interest rates on loans and credit, and may have to have a larger down payment for purchases than you would otherwise be required to have.

While those with higher credit scores can also apply, we don't recommend LendingPoint for these individuals because of the lender's high starting annual percentage rates (APRs).