Sentences with phrase «high default rates usually»

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Also, if your credit history reveals that you usually default in making payment, you should expect high interest rate.

Lenders will ding you with higher interest rates and severe penalties if you default, and usually require a personal guarantee for the loan.

While delinquencies incur late payment fees, cardholders who go into default may find that they're unable to get credit cards, and if they can, the interest rate on them is usually very high, since card issuers will deem them a risk.

Looking for college and school loans outside of the traditional methods can be very risky, as the rates are usually much higher, the terms are not as forgiving, and the penalties for default can be severe.

Also, if your credit history reveals that you usually default in making payment, you should expect high interest rate.

Please note that second mortgage rates are usually higher than first mortgage rates, because the risk factor for defaults is much greater with 2nd mortgages.

No Money Down loan types create a higher risk for the lender, so higher interest rates are usually offered to borrowers to protect the lenders risk of default on the mortgage.