Sentences with phrase «means higher interest rates on loans»

That means that bankruptcy not only means higher interest rates on loans, but it can also mean sky - high auto insurance rates.

Not exact matches

A weighted average means that the loans with a higher balance influence the interest rate more than loans with a smaller balance — the overall impact of each old loan on the new interest rate is proportional to the comparative balance of that loan.

Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest rates that are virtually equal to or exceed long - term interest rates, thus lowering profit margins for financial services companies that borrow cash at short - term rates and lend at long - term rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.

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 helped bank stocks because rising yields mean banks can charge higher interest rates on loans.

Conventional loans have risk - based pricing, which means if your credit score is lower than 740, you'll pay a higher interest rate on your loan.

But this year, despite high consumer confidence, stable interest rates, a booming stock market and low unemployment, sales of new vehicles are down slightly.The lower sales mean automakers are piling on the rebates, special lease deals and low - cost loans to keep most of the iron rolling, making the summer of 1997 a buyer's market for many family sedans, vans and even a few sport - utilities and trucks.

Although personal loans have a high percentage of interest, these are usually never higher than the interest rate on a credit card, which means you can probably keep up with the payments on a monthly basis.

Because it doesn't take into account the interest rates on your loan, you may wind up paying off the loan with the lowest interest first, which means that you're paying your loans with the higher interest rates for longer.

A bad credit score makes life more expensive because it means you'll get higher interest rates on loans and credit, and may have to have a larger down payment for purchases than you would otherwise be required to have.

Because it doesn't take into account the interest rates on your loan, you may wind up paying off the loan with the lowest interest rate first, which means that you're paying your loans with the higher interest rates for longer.

Good credit means that you won't be slammed with higher interest rates when you do decide to take a loan later on in life.

Using a loan to consolidate debt means getting more money from the loan than you still owe on the home for the purpose of paying off credit card debt and any other debt with a higher interest rate than your mortgage.

They call this a Loan Level Price Adjustment (LLPA) and this means that borrowers are going to be charged more in the form of cost or higher interest rate based on a combination of how much down payment or the amount of equity in their home if they are refinancing, as well as their credit score.

The government's 5 - point cap means the highest possible interest rate on this loan is 7.5 percent, which translates to a monthly payment of $ 804.

Although these loans offer higher interest rates for borrowers with short credit histories or a low credit score, the fact that they report to the three major credit reporting agencies means that on - time payments can build your credit score over time.

Of course, that would mean that the interest rates on these loans would be a bit higher, but perhaps that is a reasonable cost to bear.

A high credit score means better interest rates on loans, lower insurance costs and even better job opportunities.

It's important to try to get a good deal on those variable closing costs (though not if it means accepting other poor loan terms, like a higher interest rate).

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.

Currently, interest rates for SoFi variable rate student loans are capped at 8.95 % or 9.95 %, depending on the term, and SoFi variable rate personal loans are capped at 14.95 %, which means no matter how high interest rates rise, you won't pay more than those rates.

This means that no matter how high the LIBOR rate increases, you will never pay more than 9.95 percent interest on the aforementioned variable rate loans if you choose a variable rate loan and refinance your student loan with Education Loan Finaloan and refinance your student loan with Education Loan Finaloan with Education Loan FinaLoan Finance.

In general, a low score could mean you're declined on a loan or receive a higher interest rate, while a higher score allows for lower interest rates and better options when it comes to things like getting a mortgage and borrowing money.

[raw] Having bad credit means that you'll probably pay higher interest rates on car loans and credit cards.

This means that the interest rate on an unsecured personal loan will almost always be higher than the interest rate on a secured personal loan.

This doesn't mean you're out of luck if your credit score is on the lower end, but applying for a home equity loan with bad credit may result in being offered less or paying a bit more in the long run because of higher interest rates.

As the debt consolidation loan is essentially availed at lower interest rate as compared to the higher interest rate that was being paid on credit card debts, it simply means that your monetary outgo on interest rates is well saved.

Negative information on your report can result in a lower score, meaning higher interest rates on credit cards and loans that could cost you a lot of money in the long run.

A weighted average means that the loans with a higher balance influence the interest rate more than loans with a smaller balance — the overall impact of each old loan on the new interest rate is proportional to the comparative balance of that loan.

And, if you do qualify, it is likely that you'll face an high interest rate, which means you're paying a lot more money on your loans.

More importantly, a lower credit score means that you are exposed to higher interest rates on your credit card and any future loans you may secure.

Having black marks on your files could mean denial of job offers, higher interest rates on loans, higher insurance rates, or outright denials for credit.

They call this a Loan Level Price Adjustment (LLPA) and this means that borrowers are going to be charged more in the form of cost or higher interest rate based on a combination of how much down payment or the amount of equity in their home if they are refinancing, as well as their credit score.