Sentences with phrase «insufficient credit history»

First - time auto loans are another option for people with insufficient credit history.

As in 2013, insufficient collateral remained the most common reason cited for denying conventional purchase mortgage applications in Detroit last year, followed at a distance by insufficient credit history and too - high debt - to - income ratios (figure 7).

A minimum FICO score of 620 (although they do accept borrowers with insufficient credit history to produce a FICO score)

For example, if you have a new business idea but no money to invest, and insufficient credit history to obtain a commercial loan, then you can go into a partnership with somebody who has money to invest.

«Anyone with a poor or insufficient credit history may be required to have a co-signer on a loan.

But applicants with lower credit scores or insufficient credit history are evaluated on the basis of landlord verification, housing payments or other measures of nontraditional credit.

The best way to qualify for an unsecured personal loan with an insufficient credit history is to provide the lender with all the information they need to approve your request.

They usually have little to no credit history when entering the country, so even if they are the most responsible person in the universe, having insufficient credit history can affect them.

Being new to this country and having wasted a few inquiries just because of «Insufficient Credit History» I wish there was a tool that would tell us the minimum history required for cards or even better if we were we would be approved.

Some people opt for prepaid cards because they canâ $ ™ t qualify for credit cards due to poor or insufficient credit history.

If you have little or insufficient credit history, you may still be eligible for auto refinance.

In some cases, if you have an insufficient credit history or bad credit, becoming an authorized user can help you build credit because the account history may be reported on your credit report.

An insufficient credit history can affect your score negatively, but this can be countered if you show that you make your payments on term and keep low - value debit balances.

When they did apply for a mortgage loan, they would often be rejected for having an insufficient credit history — a «thin file» in industry jargon.

-LSB-...] I first purchased my condo three years ago, I was not offered the lowest rate due to my insufficient credit history.

28 % of all firms were denied due to insufficient credit history.

However, having an insufficient credit history doesn't mean you're out in the financial cold.

Even if you have an insufficient credit history, some lenders will overlook the absence of a credit score and extend a personal loan to you.

However, experts stress that being told you've got an insufficient credit history doesn't mean you're out in the financial cold.

So, what should you do if you've been branded with the «insufficient credit history» tag?

Whether it's because they do not want credit or are unsure how to get credit, this means nearly 1 in 4 Americans either do not have a credit score or have «insufficient credit history.»

In fact, they say, being slapped with the «insufficient credit history» label is not cause for gloom and doom.

Receiving an «insufficient credit history» notice is common when you are young and have never applied for a credit card or loan, Adams says, or when you're trying to build your credit.

According to a 2015 Consumer Financial Protection Bureau study, 26 million Americans do not have any credit record, and another 19 million have credit records considered unscorable due to insufficient credit history or a lack of recent credit history.

Up to 49 % of qualifying income can come from an occupying co-borrower who has insufficient credit history