Sentences with phrase «lower credit scores tend»

However, card agreements aimed at consumers with lower credit scores tend to be longer and more complicated.

Lower credit scores tend to mean you get a smaller credit limit.

Even if you just make the cut - off, applying with a cosigner can be a wiser choice, since lower credit scores tend to get higher rates and less favorable terms.

Here are a few common mistakes that people with low credit scores tend to make:

Not exact matches

They're filling a gap in the market that traditional banks have been reluctant to go after, considering that millennials tend to have low credit scores and little money to invest in the first place.

First - time buyer loan programs tend to be geared towards lower - income buyers and those with lower credit scores.

If you tend to pay all of your bills on time, and maintain relatively low credit - card balances, you probably have a good credit score.

Private student loans tend to lower credit scores for parents when they co-sign for their children attending college.

If you tend to carry a balance but have good to excellent credit with a FICO score of 680 and above, you may want to consider balance - transfer or low - interest credit cards.

FICO reached a similar conclusion in a 2017 report, citing that consumers with tax liens are «very likely to have additional derogatory information on their credit file and therefore tend to score relatively low, even after the public record data in question has been removed.»

Mortgages backed by the government — FHA, VA, and USDA loans — tend to have less strict requirements (FHA, for instance, allows a credit score as low as 580).

According to Credit Sesame member data, consumers with maxed out cards tend to have lower credit sCredit Sesame member data, consumers with maxed out cards tend to have lower credit scredit scores.

People 50 + years old tend to have good credit scores, which means they can qualify for low interest rates.

The factors then that you didn't score as high as you could have tend to be the low - weight ones that you have little control over anyway, e.g. length of credit history, mix of credit.

If you tend to pay all of your bills on time, and maintain relatively low credit - card balances, you probably have a good credit score.

Even if your credit score is below 549, you may find you can still be approved for credit cards, although «bad credit» credit cards will tend to have low limits and high interest rates.

Conventional mortgages don't tend to go lower than 620 (you would require a bigger deposit with a credit score this low, though).

Although, credit score requirements tend to be a bit lower than other mortgage loan programs.

Case in point: in New York City — which is overwhelmingly full of renters — the City Comptroller's office found that credit scores tend to be lower in rent - heavy neighborhoods vs. communities that have more homeowners.

Millennials tend to have lower credit scores, and that can result in their spending thousands mor...

One area of potential concern: many leading credit card issuers are reporting strongest outstandings growth for their low FICO Score segments, which tend to have significantly higher credit risk profiles.

Not only do private lenders approve mortgages for individuals with low credit scores, but they tend to approve them much faster.

Because borrowers with better credit scores and debt - to - income ratios tend to be lower risk, they are offered the lowest interest rates — currently about 4 % for a 30 - year fixed rate mortgage — which can save tens of thousands of dollars over the life of loan.

First - time home buyers tend to have lower credit scores than the general population, and that's okay.

Therefore, first - time home buyers tend to have lower credit scores as compared to the general population — especially first - time home buyers who are not yet 30 years of age.

Because a low credit score proves that your tendency to pay back the borrowed amount is uncertain, most banks tend to avoid lending you any money.

First - time home buyers tend to have lower credit scores than the general population.

While Alt - A borrowers typically have credit scores of at least 700 — well above the cutoff for subprime loans — these loans tend to allow relatively low down payments, higher loan - to - value ratios and more flexibility when it comes to the borrower's debt - to - income ratio.

Even the data shows how people with lower credit card utilization ratios tend to have higher credit scores:

People tend to know a high credit score is good and low credit... read more»

However, car title loans tend to take on customers with lower credit scores, so the lender's risk is higher.

That's because the credit score minimum for government loans tends to be lower and occasionally non-existent (with the exception of USDA).

Because higher paying jobs tend to be concentrated in urban areas, low credit scores and loan balances often exist in rural locations.

Borrowers with lower credit scores (which typically result from payment delinquencies in the past) tend to pay higher auto loan rates.

While installment loans tend to have the lowest APRs of most types of financing, having poor credit will mean paying higher APRs than those with higher credit scores.

In addition to lower credit score hurdles, VA loans tend to feature more forgiving requirements when it comes to things like a bankruptcy, foreclosure and short sale.

Intense Facebook use goes with higher credit card debt — Those who frequently used Facebook to socialize with close friends tend to have higher debt, lower credit scores, says new research... (See Facebook use = more debt)

Many of the cards issued by Synchrony Financial are store cards, which tend to be issued to cardholders with lower credit scores.

While younger consumers tend to have lower credit scores, maintaining a good payment history over time will continue to boost your score.

Statistically, it has been shown that individuals with low scores on their credit report tend to be more likely to file car insurance claims.

Statistical analysis shows that those with higher credit scores tend to get into fewer accidents and cost insurance companies less than their lower - scoring counterparts.»

Indeed, in a 2007 FTC study, «The FTC cited other studies that found tying insurance rates to credit scores tends to discriminates against low income and minority consumers because of the racial and economic disparities inherent in scoring.»

Those with high credit scores tend to receive the best premium rates because they are seen as a low risk to the insurer.

If you tend to pay all of your bills on time, and maintain relatively low credit - card balances, you probably have a good credit score.