Not exact matches
While
traditional banks may not look far beyond your
credit history and basic financial numbers like income and expenses, independent lenders may choose to focus a
little more on your savings, life insurance, and other personal financial factors.
Many of these students would typically be denied for student loans from
traditional financial institutions, who evaluate lending risk through
credit history and are usually hesitant to lend to international students with
little local
credit history.
While we do not endorse any particular service provider, FHA approved lenders may use such services to develop a
credit history for borrowers with no or
little traditional credit.
If you have fair or poor
credit or
little credit history, a
credit union is going to be more likely to approve you for a
credit card at a reasonable rate than a
traditional bank.