Sentences with phrase «increase the chances of being approved as»
Average and above average credit scores significantly increase the chances of being approved as a tenant or being made a job offer.
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It may sound as a big sacrifice but obtaining home ownership will greatly improve your chances of getting approved for finance in the future as it will increase your credit score considerably, the property will become an asset which you will be able to use as collateral in future financial operations.
Even those borrowers who are over the age of 17 may find that it is a good idea to have a cosigner, as this increases the chances of being approved and obtaining a better loan rate.
This doesn't mean, however, that you've got a debit card on your hands; the card needs to be treated as any credit card would, so borrowing modestly (no more than 30 percent of your credit limit) and paying your balance in full each month keeps you out of debt's way and improves your business credit score, increasing your chances of getting approved for other business loans or credit accounts.
If you are starting your college education and have not established enough credit, having a creditworthy cosigner will increase the chance of you getting approved for a loan with a lower interest rate since you will be seen as a lower - risk borrower.
Although using collateral may not increase your chances of being approved, you can use a savings or CD account as collateral to lower your APR for a secured line of credit or personal loan from Wells Fargo.
This doesn't mean, however, that you've got a debit card on your hands; the card needs to be treated as any credit card would, so borrowing modestly (no more than 30 percent of your credit limit) and paying your balance in full each month keeps you out of debt's way and improves your business credit score, increasing your chances of getting approved for other business loans or credit accounts.
That being said however, in general, your chances for being approved will increase exponentially as more time passes from your last date of treatment and the day that you decide to apply for coverage.