Sentences with phrase «high interest rate loans because»

Not exact matches

I wouldn't have taken out a loan with high interest without knowing that I can repay it, because if you're paying that interest rate for six years, yes, it's ridiculous.

A: Microloan interest rates are much higher than typical loan rates because their risks are higher: 12.5 % to 15 % is common.

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.

It's unsecured, which means a higher interest rate because there's no property for the lender to seize if you default on the loan.

That helped bank stocks because rising yields mean banks can charge higher interest rates on loans.

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.

Because personal loans are unsecured and don't require collateral, they typically have higher interest rates than secured loans.

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.

but because of the tax advantages and relatively low interest rates, you are more likely to get in trouble by having high credit card or car loan balances.

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.

So even with the higher interest rate assigned to the 30 - year loan, the payments are smaller because they are spread out over a longer period of time.

Interest rates are higher than mortgage rates because loans for movable property are riskier for lenders.

This is because fixed - rate mortgages are mortgage loans for which the interest rate does not change — even if market mortgage rates move higher or lower in the future.

Despite the difficulties endured during the era of post-Lehman austerity, commercial and private - sector debt levels are low: Nonperforming loans are below 5 % and the banking system, unlike those of Poland or Hungary, did not have to tackle the fallout from high levels of foreign currency loans, because low interest rates and a stable Czech koruna meant these weren't taken up in large quantities.

Because of one missed credit card payment of $ 15, for instance, the consumer might receive a higher mortgage rate and pay thousands more in interest over the life of a home loan.

This is partly because, when faced with the higher interest rate on investor loans, some borrowers have indicated to their bank that they are not an investor, but rather an owner - occupier, and so should not have to pay the higher rate.

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

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

A bonus could be a great way to pay down debt, particularly when it comes to credit cards because they have higher interest rates than most other loans.

Unsecured loans are not secured by collateral like your home, or vehicles etc. interest rates or these are usually higher because of the unreliability and thus lenders are reluctant when giving these loans.

This is great for those who are looking to invest long term because the interest paid from peer to peer loans are usually taxed at your highest marginal tax rate if it isn't tax sheltered.

International investors are encouraged to loan money to African governments (which may or may not have a reputation for corruption, human rights violations and illegitimacy) because of the incredible incentives on the lender - side of the credit market: high interest rates, floating interest rates, loan origination fees, participation fees, etc..

Riskier loans command higher interest rates than safer loans because of the greater chance of default on the repayment of the risky loan.

Consider You may pay more for your total Medical School Loan cost because a fixed interest rate is usually higher than a starting variable interest rate.

Non-Conforming Jumbo Mortgages carry higher interest rates because they are above the established Fannie Mae and Freddie Mac maximum loan limits.

Consideration You may pay more for your total MBA Loan cost because a fixed interest rate is usually higher than a starting variable interest rate.

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.

Because of the particularly high interest rates that many credit cards carry, financial advisors recommend focusing on paying down this debt before other types of loans.

Because his mortgage was now considered a high - risk loan, Margolang saw his mortgage interest rate hoisted to 7.375 % by investors.

For some homeowners, a 15 - year mortgage loan works well because of the low interest rate; but for others, getting locked into higher mortgage payments may be daunting.

Because of the riskier nature of construction loans, their interest rates usually run slightly higher than those for a standard mortgage.

However, Rise loans still come with risk because of the incredibly high interest rates.

In part because of their typically lower overhead, credit unions are often able to charge lower fees on loans and provide higher interest rates on deposits.

Unsecured loans typically have higher interest rates than secured loans because lenders have no form of security (collateral) to depend upon.

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

The conventional loan limit is important because if you get a loan below the limit you have conforming financing — above the limit you have a «jumbo» loan and a somewhat higher interest rate.

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

Primarily because of high interest rates that hover around 400 percent, payday loans are often characterized as predatory, even criminal.

They are likely to be less than pleased if they have to pay a higher interest rate on an auto loan because you forgot to make one (or two or three!)

Because I was unable to make the payments on these multiple loans, I consolidated my student loans at a time when interest rates were high, so I was then locked into a 7.625 % interest rate.

Your bad credit loan is going to have higher than normal interest rates than the regular market because of the risk the lender takes.

In other words, one reason why lenders may be looking for higher FICO scores beyond FHA loan guidelines is not because they want to make things harder for borrowers, not because they want to raise interest rates, but because they want to make sure that loan officers and underwriters follow FHA standards.

Because of this, private student loans generally come with higher interest rates than federal student loans.

The longer it takes you to pay off your loan, the higher rate of interest you will be charged because it takes the lender longer to recoup their money.

Because personal loans are usually unsecured, they're perceived by lenders as riskier, so higher interest rates may apply.

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.

When people are approved for a loan even though they don't have great credit, they end up paying more because of high interest rates.

Unsecured Business loans carry higher interest rates than secured business loans because there is a higher risk for the lender.

Pay off your highest interest loans first Some financial experts will advise you to tackle the highest - rate debt first because interest is accruing at a brisk pace.

Then there are Personal Lending Loans which come along with higher interest rates running between 12 - 15 % due to the fact that banks are taking a huge risk because you have not provided and collateral.