Sentences with phrase «means higher default rates»

Not exact matches

It's unsecured, which means a higher interest rate because there's no property for the lender to seize if you default on the loan.

That means the actual delinquency / default rate could be 20 % or higher.

That means the actual delinquency / default rate could be 20 % or higher.

Higher default rates mean higher interest Higher default rates mean higher interest higher interest rates.

These borrowers aren't defaulting at high rates, but that doesn't mean they're repaying their loans.

The reason is cash advances are somewhat risky to the lender because they must base their acceptance only on an income test, and not your credit rating, which means they approve too many people and then have a higher default rate.

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

When Suze says that she thinks student loans should be dischargeable, she is saying that more of them should be allowed to default, meaning that the non-defaulters will need to pay higher rates.

Subprime personal loans are for people with a high risk of default based on their credit score, which means obtaining an unsecured personal loan may be difficult without collateral, and the loan will generally have a high interest rate.

The increased chance that you may default means lenders want to you to pay higher interest rates to make it worth the risk of lending to you.

In plain language, this means that a lender can not demand that the borrower pay a higher post-default rate of interest as a penalty or fine for going into default.

That means the actual delinquency / default rate could be 20 % or higher.

A higher credit rating means that there is probably a lower chance that the company will default on its debt.