Sentences with phrase «less risk to the lender who»

Not exact matches

The person who has exhibited responsible behavior until some sort of personal crisis occurs is perceived as less of a risk, while many lenders believe that someone who habitually misses payments is likely to keep missing payments in the future.

The common thread is that these are cards for people who have demonstrated that they can handle credit responsibly, and they present less of a credit risk to the lender.

A mortgagor or a car lender is much less interested in your revolving credit balance than a credit card company, who might see you as a bit of a risk if you've not used credit cards for a long time and suddenly asking for a card might be a sign that you just got laid off (or simply are going to change your behavior).

If the LTV is 85 % or less, the borrower will receive multiple offers depending on their circumstances, 85 % LTV on a property is the maximum threshold for a private lender who can not afford to take on more risk if they hope to recoup from a power of sale.

Due to the greater risk of default in cases where the buyer has less than 20 per cent as a down payment, the availability of default insurance results in lenders being willing to provide larger mortgages to individuals who would not otherwise qualify for a mortgage at all.