Sentences with phrase «high interest rate loan as»

In such a scenario, the customer can opt for taking a top - up over & above the balance transfer amount which can serve a dual purpose in terms of shifting high interest rate loan as well as getting additional funds.

Not exact matches

Not only will you pay a high rate of interest for a sub-prime loan, but there will also typically be other fees that don't exist with traditional loans, as well as prepayment penalties.

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.

Bank of America reported a 44 % rise in quarterly profit as higher interest rates bulked up earnings from loans and an increase in trading boosted revenue.

The state of New York is considering regulating online lenders after lawmakers found that there was «significant potential for unscrupulous online lenders to exploit consumers through predatory practices such as unusually high interest rates, lack of disclosure of hidden fees, and unclear loan terms.»

Refinancing may have fallen as the average contract interest rate for 30 - year fixed - rate mortgages with conforming loan balances increased to its highest level since September 2013.

And although there are unavoidable consequences to having a lien, such as a more limited selection of lenders and higher interest rates, you can get a loan with a tax lien.

Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest rates that are virtually equal to or exceed long - term interest rates, thus lowering profit margins for financial services companies that borrow cash at short - term rates and lend at long - term rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.

APR represents the total interest cost, including fees, as an annualized rate which may appear higher than the actual overall cost of a short term loan.

Most people focus on consolidating unsecured debt, such as credit card debt and payday loans, because of the higher interest rates that are charged on these types of debt.

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 NBC Nightly News report, parents with high - interest PLUS loans are often able to refinance them with private lenders at lower rates (see, «Parents can refinance student loans they take out for their kids.»)

Private student loans typically have higher interest rates as compared to federal student loans.

Expect to accept some tradeoffs, such as limited options in lenders and loan types, and higher interest rates or loan fees.

That said, as longer terms tend to go hand - in - hand with higher rates, those planning to repay their student loans faster may lose money to interest payments by selecting a 15 - year term.

That's because banks have historically tended to do well in rising rate environments, as they can benefit from making loans at higher interest rates.

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Since a 2013 overhaul of the Higher Education Act, interest rates on federal direct loans are set annually, according to a formula that uses rates for 10 - year Treasury notes as a benchmark.

As you can see, a person with a lower score is typically assigned a higher interest rate on a loan.

Floating - rate loans have yields and volatility similar to high - yield corporate bonds, with one major difference: As their name indicates, their interest rates «float,» adjusting periodically based on a benchmark rate, typically the London Interbank Offered Rate (LIBrate loans have yields and volatility similar to high - yield corporate bonds, with one major difference: As their name indicates, their interest rates «float,» adjusting periodically based on a benchmark rate, typically the London Interbank Offered Rate (LIBrate, typically the London Interbank Offered Rate (LIBRate (LIBOR).

This reflects borrowers switching from loan products with higher interest rates, such as traditional fixed - term personal loans, to products which attract lower rates of interest, such as home - equity lines of credit and other borrowing secured by residential property.

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.

In most cases investors won't feel the full impact of this fee, as we are often able to access the same loans at higher interest rates than standard investors.

In exchange for their credit risk, these loans offer high interest payments that typically float above a common short - term benchmark such as the London Interbank Offered Rate, or LIBOR.

Jumbo loans are riskier for lenders because more money is at stake, as such they come with higher interest rates.

Historically, interest rates for jumbo mortgages were usually higher than conforming mortgages, but this isn't necessarily the case anymore, as interest rates for jumbo loans are usually comparable to — and sometimes a little better than — conforming loans.

As you would imagine, higher interest rates discourage borrowing because they make loans more difficult to pay back.

However, these lenders still want to ensure you are in a strong financial position to pay off the loan, so it may come with a trade - off — such as a higher interest rate — to offset the smaller down payment.

Unsecured loans have no such collateral backing them, and as a result might have higher interest rates, lower minimum amounts, and, unsurprisingly, are more difficult to obtain.

As a result, jumbo loans come with higher interest rates to offset that risk.

For now, though currencies will follow the path of panic, as carry trades unwind, as countries that had too much borrowing see loans repaid (Japan, Switzerland), and countries with high interest rates see a demand for liquidity, which perversely will push rates higher.

This makes unsecured personal loans viable options for financing new and necessary purchases, as well as refinancing past debts that have higher interest rates.

As long as your credit is less than stellar, you'll continue to pay relatively high interest rates on bad - credit loanAs long as your credit is less than stellar, you'll continue to pay relatively high interest rates on bad - credit loanas your credit is less than stellar, you'll continue to pay relatively high interest rates on bad - credit loans.

Lastly, as unsecured loans, Avant personal loan interest rates are typically higher than rates for secured loans like mortgages or car loans.

While an ARM's interest rate is free to change, there are specific parameters laid out in the loan's terms that control how many times the rate can change as well as the highest possible level that it can reach.

As of August 2017, a home improvement loan from SunTrust Bank can have interest rates as high as 12.54 As of August 2017, a home improvement loan from SunTrust Bank can have interest rates as high as 12.54 as high as 12.54 as 12.54 %.

You pay for the insurance through a separate monthly bill, or it can be charged as a higher interest rate on your loan.

So if you can afford higher monthly payments, consider signing up for a shorter loan length, It may be a smart way to lower your personal loan interest rate and save money on interest as well.

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.

Like with a bad credit loan, a bankruptcy auto loan may subject you to paying higher interest rates, require a co-signer or make it necessary for you to put up collateral as security for the loan.

If you have good credit, know that you will have the funds needed to repay your loan as quickly as possible, and aren't worried about high interest rates, you could be a good candidate for a short - term loan.

Charges for Stanbic Bank Uganda's nonperforming loans increased, however, as Uganda's economy struggled with high interest rates and high inflation.

The firm is so troubled that Washington has completely backed away from its role as a stern lender that forced AIG to pay high interest rates on what it assumed would be short - term loans.

If you use loan repayment calculator, you may not actually see the implication of paying high interest rates as demonstrated in the table.

Refinancing your mortgage using a regular VA loan has the same interest rate as buying a home with USAA but an even higher annual percentage rate (APR).

Jumbo loans are nonconforming loans that come with higher interest rates to offset the increased risk on the part of lenders who issue them as more money is at stake.

As such, loans with higher LTVs generally come with higher interest rates.

Carmudi pointed out that one of the difficulties Nigerians experience in the purchase of brand new cars is the lack of vehicle financing options as finance institutions give car loans with very high interest rates.

This loan has many benefits such as a fixed interest rate, high credit approval rate and streamlined application process.