Sentences with phrase «loan is a last resort»

A personal loan is a last resort option if you have exhausted all other alternatives.

A personal loan is a last resort option if you have exhausted all other alternatives.

In many cases, these loans are the last resort for borrowers with comparatively low credit scores an / or other qualifying problems.

College loans are your last resort, but most students do need them.

In many cases, these loans are the last resort for borrowers with comparatively low credit scores an / or other qualifying problems.

Not exact matches

«SBA loans have gone from being the lender of last resort to the lender of only resort for many small businesses in this country,» says Beth Solomon, the president and CEO of the National Association of Development Companies, the trade association for organizations providing financing through the SBA's 504 loan program.

If you're in need of cash — fast — make sure a payday loan really is your last resort.

Perhaps you've heard that the FHA loan program is often used as a last resort for borrowers with bad credit.

Payday lenders are considered a last resort because they provide loans with short terms and extremely high rates.

This is because these loan types are associated with layaway plans and «loans of last resort», which tend to default at very high rates.

Again, because of the expense involved in taking out a short - term payday loan, it's really only a last - resort option.

Policies imposed by the International Monetary Fund, whose loans most nations seek as a last resort, are designed to accumulate foreign exchange with which to repay debt.

In a depressed Northern town where loan sharks are the only viable source of funding for cash - strapped entrepreneurs, market stall holders Bex (Victoria Smurfit) and Dawn (Joanne Mitchell, Blunt's real - life wife and the film's producer) fall prey to the last resort to finance their achingly modest dream of a tea and cake shop.

Since short - term loans are often considered a financial resource of last resort, organizations which issue these types of loans tend to charge excessive fees, have rigid terms and onerous interest rates.

A reverse mortgages is a loan of last resort This misconception stems from the misguided thought that reverse mortgages are only for people who are struggling financially.

This is because these loan types are associated with layaway plans and «loans of last resort», which tend to default at very high rates.

Accordingly, you should only apply to extend your loan as a last resort if you are experiencing financial difficulty.

Due to payday loans having a high APR, they are often left as a last resort option for those who can not get finances anywhere else.

In fact, college loans should be considered as the last resort.

While the urge is there to tap into this retirement plan loan, be aware that there are many factors to take into account and that you should make accessing these funds a very last resort.

A private student loan should only be used as a last resort.

Of course it's not that simple, because, based on our data, people who get a payday loan get it as a last resort.

Private loans are unsecured, credit - based loans and lines of credit offered by banks, credit unions, and state agencies that are meant to be a «last resort» if the student needs more money after maximizing their financial aid and federal loans.

Seeking a loan should always be a last resort.

Student loans were once a tool to be used as a last resort for paying for college.

Many people turn to debt consolidation loans as a last resort because they're struggling with their debt and need to reduce their monthly payments.

Be aware, however, that payday loans carry extremely high interest rates, and the Federal Trade Commission recommends considering them only as a last resort.

If you need cash now, an auto title loan should be your last resort.

Hard money loans are often referred to as the «loan of last resort» for borrowers with bad credit.

While filing for relief should be a last resort, politicians such as Rep. Katko and Delaney believe that carrying the burden of student loan debt even after declaring bankruptcy is unfair.

Short - term loans are meant to be used only as a last resort option and paid back on or before a borrower's next paycheck.

Remember that short - term loans should only be used as last resort options in situations of financial emergency.

That is why it is better to make private student loans the last resort after you must have tried all other options.

People used to believe that the reverse mortgage was the loan of last resort.

Some schools will push you to expensive private loans, but those should be a last resort.

The bank may consider it a «last resort» loan, which is a huge red flag for higher credit risk.

FHA Loans are often the loan of last resort, as they have the highest monthly mortgage insurance costs which last the duration of the mortgage.

As New America emphasized, «Parent PLUS loans should be a cautious loan of last resort..

They're the student loans of last resort, the ones college students turn to when all the family aid, grants, scholarships and federal loans aren't enough to cover academic expenses.

Though it isn't really a loan, per se — it will still carry a hefty interest rate in case your sales don't cover the cost of the advance, so it's only recommended as a last resort if your business has already pursued every other funding avenue.

Although we always advise borrowers to consider private college loans as a last resort, we know they are necessary.

Lone - parents are more likely to turn to payday loans as a last resort to help make ends meet until they can no longer borrow.

Student loans are often a last resort for parents.

Before you even consider a private student loan, make sure that it's the last resort.

«FHA has always been the loan program of last resort for low down payment purchases, usually reserved for borrowers with lower credit scores or other unusual documentation issues,» said Podesto.

In my opinion, private loans should be your last resort.

Payday loans are a loan of last resort for a lot of people.

We'll get to why payday loans should be your absolute last resort, but let's talk about why they seem appealing

While personal loans can be a help for your student debt, they really should be a last resort compared to other sources of funds.

The other possible reason for not taking the matching funds are if the required contributions would put you in a significant bind — if you're barely scraping by, and you can't squeeze enough savings out of your budget that you'd risk default on a loan (eg, car or house) or might take penalties for late fees on your utilities, it might be preferable to save up for a bit before starting the contributions — especially if you've maxed your available credit so you can't just push stuff to credit cards as a last resort.