Sentences with phrase «lack of payment history»

Not exact matches

35 % of your credit score is based upon your payment history, or rather the lack of having negative information on your payment history.

You also don't want to be stuck with a poor credit score from a lack of savings that might cause poor payment history.

Without credit, it's unlikely that you'll qualify for a conventional loan or be approved for a credit card, at least not without extreme interest rates attached, or being required to pay a large down payment to compensate for a lack of credit history.

While this is good since you will not have other loan payments to make, this lack of credit history can cause a worry to lenders.

Equifax cites late payments, or lack thereof, length of credit history and the size of account balances in relation to your credit limits as major factors that impact your FICO score.

A high utilization rate can mean financial problems or irresponsibility, just as a history of late payments or an account in collections can be a sign of carelessness or a lack of organization.

The Truth: Positive payment history and a lack of negative information does very little to minimize the impact of a bankruptcy on your credit score.

If a buyer can't obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage.

Similar to when you apply for a mortgage or credit card, your lack of credit history means you're an unknown quantity - there is no history of monthly credit card payments.

Telecoms rarely need letters of credit or advance rental payments to overcome the lack of credit history common among Internet start - ups.