Sentences with phrase «lend them your credit status»

While it is certainly up to you to decide to lend someone cash, it is never wise to lend them your credit status.

Not exact matches

The government cited Credit State Bank in North Carolina for an alleged pattern of lending discrimination based on marital status, he says.

Banks base their lending decisions on an individual's credit status but while this saves them time and losses, it locks out many deserving people.

But this seems strange when bad credit is supposed to mean there are risks associated with lending to borrowers with that status.

When you are obtaining financing, lenders use your FICO score, financial situation (income, job status) and type of credit requested to make better credit lending decisions, which ultimately determine your approval and rates.

The Equal Credit Opportunity Act prohibits discrimination in lending based on sex, marital status, race, national origin, religion, age, or because someone receives public assistance.

It's also important to note that SoFi will look at a number of factors including your employment status, credit score, and monthly cash flow before lending you money.

Banks make their lending decisions based on an individual's credit status to save them the trouble of trying to recoup after default.