Sentences with phrase «instead of your credit history»

This is because instead of your credit history serving as proof that you will pay back the money, your car's value is.

Title loans are secured loans, which means they use collateral instead of credit history to determine the interest rate.

Challenges would be: finding a good area to build (would need to be near / within a city in a decent enough location); permits & legal issues; and finding buyers if I ever do this (though I'm hoping that the no - money down 10 - year financing will be enticing; I would check for proof of income instead of credit history).

Not exact matches

BofA emphasized growing with today's customers, the folks whose credit histories and financial needs you know, instead of luring new ones.

Personal - loan providers look at your personal credit score and income instead of your business history.

Many business credit cards report your transaction history to the business credit bureaus instead of the personal credit bureaus, which is important for business owners interested in building their business credit and protecting their personal credit.

Unlike other lenders, OnDeck takes into account your full financial business story instead of just your credit history.

Instead of turning away borrowers who have not had a chance to build a credit history (or who have preferred not to), FHA mortgage guidelines instruct lenders to look at all aspects of a mortgage application.

For example, instead of considering only your credit report and income, community banks might also look at your family history and discretionary spending before approving you for a loan.

Instead of basing the capability of customers to sign up for an offer on their credit scores, T - Mobile will now begin to evaluate customers based on their history with a carrier.

Instead of turning away borrowers who have not had a chance to build a credit history (or who have preferred not to), FHA mortgage guidelines instruct lenders to look at all aspects of a mortgage application.

Interest rates will be based off your credit score and history, so if you have had troubles the rate may be high, but at least there is an end in sight, instead of just making minimum payments on credit cards with no end date.

Instead of basing their approval decisions primarily on applicants» credit scores, they have created a proprietary set of criteria that include factors such as income, employment history, and other relevant current circumstances, and use this as the basis of their determination.

The loan amount you will be able to request and get approved for will then be determined by your business credit score and history, unless of course you decide to request a personal loan instead.

These credit cards work just like a regular credit card, except instead of the bank extending you credit based on your history of managing your credit responsibly, they give you a credit line typically equal to the amount of cash collateral you're able to deposit with them to secure the loan.

Instead of providing credit scores and details on your previous borrowing history, ChexSystems is what's referred to as a check screening agency because it provides records of individual customers» closed checking and savings account histories.

Instead of wasting time and energy trying to persuade a bank to give you a loan with a poor credit history, investigate certain financial institutions that actually provide bad credit loans as one of their services.

Instead, each month, the credit issuer will decide what your limit is based on your payment history, credit score, and a range of other factors.

Instead it's triggered by the score factors, such that if one says you have «insufficient length of credit history,» the explanation software may go looking for the oldest account on the report and display its age.

Instead of basing the borrower's eligibility on their credit score, it is determined based on the eligible income bracket; and whether they have no history of student loan default.

With the help of new data driven software analysis, Earnest offers highly tailored loans based off of new factors instead of strictly credit history.

Instead, the bank will still conduct a thorough review of your personal finance history to determine your creditworthiness, and if you're approved, it'll also use that information to calculate your APR and set your credit limit.

To reach an 800 credit score, you'll need to establish and maintain a long history, so keep those old accounts open — even if you don't use them anymore and have no balance — instead of having them removed from your credit report.

Instead, the company assesses your business's revenue and financial history and only requires $ 50,000 in annual revenue with one year of operation (these requirements are higher for credit lines over $ 100,000).

Personal - loan providers look at your personal credit score and income instead of your business history.

It is normally better for the individual who needs a cosigner to make the time and effort to build or repair their credit history instead of seeking help from others.

This new score aims to help lenders assess an individual's credit rating who may not have a strong traditional credit history, but instead has a strong profile of paying bills and other obligations on time.

Your eligibility will be based on your PayPal sales history instead of your business or personal credit score.

If improving or building your credit history is one of your main priorities, consider a secured credit card instead.

Instead of looking only at credit scores and credit history Upstart pays special attention to the education, career field, and current income of borrowers.

Instead, each of the three major credit reporting agencies in the United States holds its own version of your credit history, and each has its own relationship with your creditors and other information - reporting parties.

A driver's use of a credit card does not factor in to the traditional way of coming up with a rating, which instead uses age, driving record, ZIP code, sex, marital status and three - year history of at - fault accidents.

Instead of being offered a credit card with a limit that is based on your past credit history, you choose your credit limit with OpenSky ® and secure it by making a one - time, fully refundable deposit, fully refundable deposit.

Instead of thinking too much about your credit mess, invest your time in learning the best methods for buying a property, regardless of your credit history.

Instead we use ChexSystems, a database of past retail banking history, to determine eligibility for credit builder account.

Instead of being judged — and ultimately denied — based on your thin credit history, Upstart has honed its process to offer loans specifically to millennials based on their future career and earning potential.

Big banks turn people away all the time for not having good enough credit, not having a long enough credit history, or for only having income from self - employment instead of being with an employer.

Instead of using your credit history to determine your loan amount and interest rate, we use the equity of your vehicle and your ability to pay back the loan to determine the amount of money you qualify for.

As a direct lender, we focus on real estate equity instead of borrower credit or financial history.

Instead of using a credit score if a lender can establish there were no payments to at least three accounts more than 30 days past the due date, a responsible credit history can be validated.

Instead, the major benefit of the U.S. Bank Secured Visa Card is that it allows you to build or re-establish your credit history.

In the NPRM, the Department announced its intention to modify its procedures so that a credit check indicating that a PLUS loan applicant does not have an adverse credit history will remain valid for 180 days, instead of the current 90 days.

Step 6: Opening Business Tax - ID Credit Card: After a period of time in which the vendor and revolving trade accounts have positive reporting and payment history, we help the business owner apply and receive their first unsecured credit card based on the business's tax ID instead of their personal social security nCredit Card: After a period of time in which the vendor and revolving trade accounts have positive reporting and payment history, we help the business owner apply and receive their first unsecured credit card based on the business's tax ID instead of their personal social security ncredit card based on the business's tax ID instead of their personal social security number.

General: Since the publication of the NPRM, we have continued to examine available data and have based our revised burden calculation on the actual number of borrowers with adverse credit histories who documented extenuating circumstances, and the actual number of borrowers with adverse credit histories who obtained an endorser who does not have an adverse credit history during the period of March 23, 2013, through February 26, 2014, instead of basing our burden estimate on derived numbers.

The entire reason to use a secured credit card, instead of a debit card, is to establish a positive credit history.

He also advocates for a forward looking underwriting process which analyzes future potential earnings instead of previous credit history (something that is usually nonexistent for new college students).

It is that an organization will think that a person with poor credit history, it's not so much that they're more likely to steal, but instead that it shows a lack of responsibility, a lack of conscientiousness, and they're going to think that because they have these personality traits, they're not going to be as good an employee.

If you have never had a credit card or any payment for a loan then lenders have no way of checking your credit history and you just might end up keeping on renting instead of owning a property.

Secured credit cards are a unique type of secured loan in that they don't usually require a good credit history and instead are used primarily to build or repair credit on a low - limit card.

The same industry experts suggest that people who want to improve their credit score should focus their attention instead on the five risk factors that determine a credit score: payment history, amount owed, length of credit history, credit mix, and new credit.