Sentences with phrase «lack of credit access»

Not exact matches

* Several factors could lift housing prices: An increase in potential home buyers, fueled by the growing ranks of Millennials — those born between 1980 and the early 2000s — poised to form their own households, combined with a near - historic lack of single - family homes for sale and growing access to mortgage credit.

Community Financial Services Association of America, the largest trade group for payday lenders, says the rule would «virtually eliminate» their business model, which provides short - term loans to millions of low - income consumers who lack access to credit cards or bank loans.

Asset holdings are lower in states with high exemptions, suggesting that the consumption smoothing result is driven by lack of self - insurance, not by less access to credit.

While these loans aren't going to tank the world financial system, lack of access to credit could hurt automobile manufacturers as their consumer base runs out of money to pay for new cars.

Such an infrastructure is desperately needed because more than 70 % of Filipinos lack access to a bank account and just 3 % of them use credit and debit cards (as per the NOAHCOIN whitepaper estimates).

According to the World Bank, universal financial access is vital to reducing poverty, and lack of access to credit plays a significant...

The lack of access to credit services forces numerous people to take loans from the shady underworld of illegal lending, the company states.

Most small - scale family farmers live in remote locations and lack access to credit, so they are vulnerable to middlemen who offer cash for their coffee at a fraction of its value.

Photo credits: EU / ECHO / Jonathan Hyams Global business leaders have joined forces to provide access to cut - price technology that will improve school system effectiveness and learning outcomes for some of the 330 million children around the world who lack basic skills for the knowledge economy of the future.

The lack of consistency means that access to college courses — credit - bearing courses that students need in order to transfer to four - year colleges — is determined not only by students» performance on the test, but also by the policies at the college where they enroll.

Lack of access to financial products — like credit cards, loans and deposit accounts — is an issue plaguing millions in the U.S. Traditional... Read More

Lack of access to financial products — like credit cards, loans and deposit accounts — is an issue plaguing millions in the U.S. Traditional financial institutions, like banks and credit unions, depend on credit reports and Social Security numbers (SSNs) when evaluating applicants.

Despite an abundance of free credit score offers, consumers still lack easy access to their FICO and Vantage scores, often the determining factor in credit approval.

Non-bank borrowing methods are likely to come with high interest rates, and often attract individuals with poor credit histories, lack of access to more traditional sources of credit, or both.

As Representative Ellison notes, «Millions of Americans lack credit scores or have scores that are too low to gain access to affordable credit.

You have to worry about constant application rejections, wage garnishments, lack of access to credit products and an inability to get good rates on anything.

The lack of an annual fee is great for students who are living on a budget, and being able to access your FICO credit score each month can come in handy if you're working on establishing a positive credit history.

Specifically, the reality of lower earning - power across every level of education (a problem that by the way is also shared by all women in this society but particularly among women of color), the lack of assets from which one can draw upon in case of any type of disruption in earnings, and poor access to credible financial institutions within the neighborhoods where they live, make African Americans particularly vulnerable to falling behind, and staying behind, thus significantly hampering the possibility of establishing a positive credit history.

Although your bad credit or lack of a credit history might impede you from opening a regular free checking account, you still might be able to access a second chance checking account.

In addition, with features like mobile deposit and phone apps that allow you to access your account anywhere, credit unions and online banks are attractive options despite the lack of brick - and - mortar locations.

Between these two groups, the study identified low - income, Hispanic, and African American consumers as the most likely to suffer from lack of access to credit.

Furthermore, NAR believes that homeownership is an integral part of the American Dream that shouldn't be out of reach for low - income, rural and minority borrowers who lack access to traditional forms of credit.

In all honesty, I wouldn't probably pay a $ 400 - 550 annual fee a year just for the access to lounge, but the credit cards above have a lot to offer and go beyond just lounges — to the point where I keep at least one premium card year after year despite the lack of a sign up bonus.

Even modest changes in seasonality of rainfall, temperature, and wind patterns can push transient poor and marginalized people into chronic poverty as they lack access to credit, climate forecasts, insurance, government support, and effective response options, such as diversifying their assets.

Normally, a person denied bail can get 1.5 days of credit for each day spent in pre-sentence custody, reflecting what are often harsh conditions with a lack of access to programs.

Founders of business financing blockchain startup, Debitum Network, say they have research that suggests small businesses around the world have a severe lack of access to credit.

Hundreds of millions of people around the world, in poor and developing countries, lack access to credit due to absent or inadequate credit histories — credit that that could help in starting a business, pay for an education, or buy a home.

Even in the United States and Germany, lack of access to credit is a problem for millions of poor people.

These negative factors include policy uncertainty (particularly relating to finance and taxes), lack of builder and land developer credit, and mortgage access for prospective home buyers.

«It's understandable that Americans looking to purchase their first home are intimidated by obstacles such as student debt, lack of a down payment and weak credit, so it's critical that first - time homebuyers have access to information and programs such as down payment assistance and affordable loans so they feel confident in purchasing a home independently.»

The lack of mortgage credit access may be boosting demand for rental properties.

«However, the audit found there was a lack of adequate controls to restrict agents» access to credit reports.

«The lack of access to credit not only hurts consumers, but it hurts builders and therefore contributes to the lack of affordable housing,» Burns says.