Sentences with phrase «lend a credit builder»

But for those who can't find a credit union or community bank to lend a credit builder loan, personal loans can be a good way to build your credit by borrowing small amounts.

Not exact matches

The consequence of the credit crunch is that the lenders won't lend, the builders won't build and the buyers won't buy.

Broadly speaking, a lending product that does not require credit to be issued can be considered a credit builder loan, explains Carlos Colón, an Accredited Financial Counselor ®, bilingual personal finance coach and financial education program manager with mpowered in Lakewood, Colo..

In order to create jobs and further stabilize housing and the economy, Nielsen added that the Administration, Congress and federal regulators need to reopen the lines of credit for builders ready to embark upon viable projects in markets where new housing stock is needed and to ease overly restrictive mortgage lending requirements for qualified home buyers.