Sentences with phrase «of default on their loans»

The broker has total control over the collateral for the loan, including the ability to step in and force you to sell stock if it thinks you're in danger of defaulting on its loan.

For borrowers unsure of their future finances, interest - only loans are not a good choice, as the benefit of low initial payments is likely not worth the risk of defaulting on the loan.

The consequences of defaulting on a loan of any type are severe and should be avoided at all costs.

Such options often include local automobile dealers and / or local finance companies which are likely to charge them higher interest rates to offset the higher risk of them defaulting on loans.

Borrowers with a poor credit score are seen as being at a higher risk of defaulting on a loan.

For borrowers unsure of their future finances, interest - only loans are not a good choice, as the benefit of low initial payments is likely not worth the risk of defaulting on the loan.

The consequences of defaulting on a loan of any type are severe and should be avoided at all costs.

They analyze data from millions of consumers, and determine what factors accurately predict your risk of defaulting on loans.

Even if we suppose that Alice has done the best possible credit check and that Bob is a perfectly trustworthy fellow who would never dream of defaulting on his loan, catastrophes do happen.

Although Hispanic students have roughly the same debt as their white counterparts, the risk of default on their loans is twice as likely.

The «house value may decline» comment is irrelevant unless you are thinking of defaulting on your loan and letting the bank repo your house.

If it's too high, you run the risk of defaulting on the loan and doing further damage to your credit score.

I don't want to file banckruptcy if I don't have to but I am on the brink of defaulting on my loans.

A low credit score does not necessarily mean you will be turned down for a loan, but you will be given a grade based on your possible risk of defaulting on the loan.

First of all, there needs to be no history of defaulting on loans for a period of 12 months prior to making the application.

You might be able to settle for 60 - 70 % of the amount outstanding if you are in risk of defaulting on the loan.

Those in the range of 550 to 599 have a 51 percent chance of defaulting on loans, while those between 600 and 649 default 31 percent of the time.

These borrowers are associated with a higher risk of defaulting on their loan payments or on the loan as a whole, and to offset that risk they will be charged much higher interest rates than traditional mortgages.

If you do nothing, you run the risk of defaulting on your loans.

Issuers with higher credit ratings generally pay less interest than issuers with lower credit ratings as they have a lower risk of defaulting on their loans.

It actually insures a certain percentage of your mortgage loan so that the lender will be reimbursed for at least part of the principal in the event of your defaulting on the loan.

The broker has total control over the collateral for the loan, including the ability to step in and force you to sell stock if it thinks you're in danger of defaulting on its loan.

On the other hand, a high amount of credit utilization signals to lenders that you are overextended and are at a higher risk of defaulting on your loans.

Borrowers certainly don't enter any long term mortgage agreement with the full intent of defaulting on the loan and lenders wouldn't issue any mortgage if it was clear the borrowers had no desire to keep the house.

Loan lenders usually check the credit scores of consumers to assess their reliability — and thus, the chances of their defaulting on a loan.

Think of it this way: any loan that you make will have some sort of risk attached to it, so there's no reason to panic over the possibility (and not an actual reality) of defaulting on your loan and having your car taken away from you.

With no collateral backing the loan, the borrower will not lose any of their personal property in the event of a default on the loan.

Borrowers with a poor credit score are seen as being at a higher risk of defaulting on a loan.

With a secured loan or line of credit, the borrower puts up an asset to act as collateral, in case of default on the loan.

For these consumers, creditors may extend credit at higher interest rates as there's more risk of defaulting on loans.

If the salary is one that will be a struggle to live off of, then you may face the possibility of defaulting on your loan payments, which will negatively impact your credit score.

All this being said, your best bet to stop garnishment before it begins is to get out of default on your loans.

The new lender will then have rights to the vehicle in case of a default on the loan.

Co-borrowers share the risk of defaulting on the loan, but also the benefit of repaying it.

Argentina in danger of defaulting on loan, cites increased pressure of U.S. court decision, Reuters

It actually insures a certain percentage of your mortgage loan so that the lender will be reimbursed for at least part of the principal in the event of your defaulting on the loan.

Other home owners have mortgages that are much, much larger than the fair market value of their homes and they are wondering about the wisdom of defaulting on their loans.

PMI protects the lender in case of default on the loan.

Not exact matches

Fitch's trailing 12 - month institutional loan default rate of retailers was pushed to 8.6 %, with $ 5.9 billion in loans that are now in default, after the bankruptcy on Friday of Nine West Holdings with $ 1.6 billion in loans.

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

D'Alessandro counters that such poor international performance is more likely because of a lack of leadership, a problem extending back to the less - developed - country debt crisis of the late 1970s, when many developing countries defaulted on their bank loans.

The negative consequences of pushing more debt on households is also obvious: more loans become uncollectible and go into default, creating more loan losses for banks.

«The only way you can make matters worse,» says Ballentine, «is by keeping the business loan and your home mortgage at the same bank, which might impose a «cross-default» mechanism on you — so that both loans automatically go into default if you run into problems with either one of them.»

More from College Game Plan: Student loan balances hit record $ 1.4 trillion The first steps to repaying your student debt Three ways to avoid the financial death spiral of defaulting on your student loans

The failure to reach a deal with creditors leaves Athens set to default on 1.6 billion euros of loans from the International Monetary Fund that are due Tuesday.

Investors might be less concerned with your credit score than lenders, but they'll be wary of entrepreneurs with major blemishes such as a bankruptcy or loan default on their record.

The provisions in the bill would adjust how private student loan lenders treat the death or bankruptcy of co-signers, as well as how defaults are reported on a borrower's credit report.

Liquidity: The mere prospect of default is having an impact on the $ 5 trillion repo market, where big banks and investors get short - term loans using their holdings of Treasury securities, mostly T - bills, as collateral.

Although college - educated people are more likely to have the financial wherewithal to buy a home than those without a college education, the mounting rate of default on student loans is hurting young people's credit ratings - and making it much harder for them to buy a home or condominium.

According to a story in The Atlantic, college dropouts over the age of 25 are 71 percent more likely to be unemployed, and four times more likely to default on their student loans.