Sentences with phrase «history as a credit risk»

Not exact matches

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.

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.

Name: Chris Fowler, MA Title: President and Chief Executive Officer Areas of responsibility: Executive management, strategy Years with CWB Financial Group: 27 Career history: Has served at CWB in roles with increasing responsibility since 1991, including, commercial account management (1991 - 1995), credit risk (1995 - 2008), and joined the executive team in 2008 as Executive Vice President, Banking, and then President and Chief Operating Officer Education: Master of Arts Degree in Economics from the University of British Columbia Community involvement: Trustee for the University Hospital Foundation (University of Alberta), Member of the Canadian Bankers Association's Executive Council, director with the Art Gallery of Alberta's board of directors, and campaign cabinet member with the United Way of Alberta Capital Region

When someone in 30 or more years looks back on the academy movement to write the history, I believe that they will describe the first few years as a watershed in state education characterised by high risk and high returns and which its Alumni credit with giving them life chances.

Medical debt often appears as negative payment history on credit reports, which then affects generic risk scores used to make lending decisions.

For younger students, who do not have sufficient credit history, monthly payments on private student loans could be hardly bearable, as the interest rate set by lenders is typically very high to offset potential risk of default.

Because of the added risk that the lender takes out when granting credit to you regardless of your payment history, you can expect to pay a tad more interest than a traditional borrower with good credit who is not seen as a credit risk to the lender.

The three major credit reporting agencies view people who run their cards up to the max as a higher risk regardless of their payment history.

It can be assumed that an ideal applicant has an established credit history with a good track record, helping indicate the applicant as a low - risk borrower.

At this stage of your credit history, there will be larger fluctuations because you're still seen as a bit higher of a risk as a «newbie».

Subprime loans are a higher risk than prime loans, as lenders are taking a chance on someone who has a history of bad credit.

These norms, focused on evaluating borrower risk on past credit history and credit score, do not work as an accurate gauge for international students and their creditworthiness.

Approaching your local bank means they already know your character, as well as your credit history, and are in a very strong position to assess your true level of risk if granted an approved loan for personal use with bad credit.

This is why making balance transfers between existing cards is usually a better option as you may still get the offer of a 0 % transfer so you will be better off, without actually taking on any more forms of credit and risking how your credit history appears to potential credit providers.

While the FICO XD is still a work - in - progress be on the lookout for a new way to apply for credit using alternative methods and payment history as a way to establish your risk profile to potential lenders.

Money lending companies such as banks or credit card companies shall, therefore, go through your credit history when calculating your credit score to allow them to come up with the risk of lending money to you.

Launched as a cooperative effort with Equifax and Lexis - Nexis Risk Solutions, FICO XD uses any credit bureau information available to assess risk, but also adds other information sources to assess responsible behavior — payment histories from vendors such as cable TV and cell phone providers, public records, and property dRisk Solutions, FICO XD uses any credit bureau information available to assess risk, but also adds other information sources to assess responsible behavior — payment histories from vendors such as cable TV and cell phone providers, public records, and property drisk, but also adds other information sources to assess responsible behavior — payment histories from vendors such as cable TV and cell phone providers, public records, and property data.

Some key misperceptions remain and the lending industry as a whole needs to stress to consumers to become more educated about their credit history and what they can do to improve it: ► Fewer than half (44 percent) understand that a credit score typically measures risk of not repaying loans rather than amount of debt (22 percent), financial resources (21 percent), or other factors.

To receive a BoA mortgage, you (and any co-borrower, such as your spouse) must fill out an application and provide documentation regarding your job history, credit risk and financial circumstance.

Nick Clements, founder of MagnifyMoney.com and former Director of Risk Management at Citibank explains that factors such as your history with the bank's products, your income, overdrafts or average account balances, or how much money you will put down on a car may factor into custom credit scores.

In layman's terms, a credit score is simply a number that represents the risk that you will default on a loan, using your prior payment history as a benchmark.

Thanks to academic scholarships, I graduated as one of those unicorn debt - free millennials, and I quickly learned my lack of student loans meant creditors (or more importantly for me — a landlord) saw me as a risk due to minimal credit history.

If you've never had a credit card, car loan, mortgage or any other type of loan or any credit history, then you'll likely be deemed as having no credit and could be denied by lenders as being high risk, simply because they have no data to show whether you're a reliable borrower.

Through these agencies, any lender can and will view your credit score (based on your full credit history) to determine how much risk you pose as a borrower.

Risk - based pricing refers to the common practice of setting or adjusting an interest rate and other terms of credit based on the applicant's previous credit history (and other risk - related criteria), as indicated by one or more credit repoRisk - based pricing refers to the common practice of setting or adjusting an interest rate and other terms of credit based on the applicant's previous credit history (and other risk - related criteria), as indicated by one or more credit reporisk - related criteria), as indicated by one or more credit reports.

Lenders will always consider an applicant's credit history as it will help them determine risk and reliability.

The credit scoring developer FICO reports that over one - quarter of consumers have credit scores under 600,9 considered a poor score, as opposed to only 15 % of the population before the Great Recession.10 That means that one - quarter of American workers are at risk of losing out on a job — or even being fired — over their credit histories.

Risk - Based Pricing Notice: The Annual Percentage Rates (APR) are quoted «low as» and «high as» depending upon the applicant's individual credit history.

Risk Based Pricing Notice: The Annual Percentage Rate (APR) is quoted «low as» depending upon the applicant's individual credit history.

Known as a «hard inquiry,» the process empowers credit issuers to review details about a potential customer's other credit accounts, the balances on them, and payment history, to determine how much risk a potential customer presents if they are offered a line of credit.

The majority of private student loans issued today have cosigners as most applicants are young adults or teenagers who do not have a credit history or are not considered to be a good credit risk.

Historically, it was difficult for borrowers to obtain mortgages if they were perceived as a poor credit risk, perhaps because of a below - average credit history or the inability to provide a large down payment.

We are at a point in time where our credit report, prescription report, family history, driving record, medical history, MIB (medical information bureau) check, and family medical history can determine risk almost as good as blood and urine analysis.

They'll collect as much data as possible from credit histories, to information about the age or sex of policy holders, to any other important information that may increase the risk under a policy.

Your credit rating, your driver history, your age, wehther or not you take risks - such as driving on your phone, your car and your gender will also factor into your rates.

If an insurance company sees your credit report / history and sees that you pay your bills on time and have paid off debt, you will be seen as a lower risk than if you frequently missed payments or defaulted on loans.

Well, using credit history as one factor in insurance pricing is a lot like looking at an individual's driving history: a large number of accidents or violations means that driver may not be responsible and presents a greater risk to the company.

If you have a poor credit history, you will be deemed higher risk and charged accordingly, as research has shown that those with poor credit scores are more likely to make insurance claims.

Some quoting websites even ask credit scores and history which are vital factors in determining the level of risk that you have as a driver.

So even if you have a perfect driving record, there may be existing characteristics that may make you a «high risk» driver, such as if you are under 25 years of age, are a new driver, are a male, are a student, have a history of filing claims, or have bad credit.

LexisNexis Risk Classifier utilizes data from attributes derived from public records, driving history and credit to help better assess a proposed insured's risk profile.3 What this means is credit history such as a bankruptcy, foreclosure, short sale, tax liens, or even a low credit score can affect your life insurance raRisk Classifier utilizes data from attributes derived from public records, driving history and credit to help better assess a proposed insured's risk profile.3 What this means is credit history such as a bankruptcy, foreclosure, short sale, tax liens, or even a low credit score can affect your life insurance rarisk profile.3 What this means is credit history such as a bankruptcy, foreclosure, short sale, tax liens, or even a low credit score can affect your life insurance rates.

Pricing insurance is all about assessing risk, and insurance companies consider a person's financial reliability (largely determined by their credit history) as a key factor in determining how risky that person is to insure.

In addition, if you have a negative credit history your quote may be higher because you are seen as a greater financial risk to a provider.

A clean credit history with a solid FICA score will help you secure lower rates on your renters insurance plan, because good credit positions you as a lower risk to insure.

It's not unusual for an insurance company to view someone with poor credit history as a driving risk as well.

Completed 3 - month training as a credit analyst evaluating customers credit history to decision approval / decline applications, identifying protentional risk such as; straw purchases, financial abuse, and identify theft.

Compared items, such as liquidity, profitability, credit history and available cash flow to determine credit risk for in house financing.

We also show that the reason credit scores are broadly applicable as a risk stratification tool is because they capture enduring histories of human capital, beginning in childhood.

An Expansion Score looks at information that is not part of a traditional credit file, such as pay - day loan cashing and check payment histories, to help lenders evaluate risk.

Lenders normally avoid lending to people with bad credit card history because they see them as high risk.