Sentences with phrase «of lack of credit history»

If you are in either situation, be wary of ads that promise you «instant credit» or «a major credit card regardless of your lack of credit history or your past credit record.»

Not exact matches

For many small businesses, guaranteeing a line of credit — especially if you are lacking a well - established credit history — can be a struggle.

«With low credit card penetration and the lack of structured credit history, this large segment of the Indian population resorts to availing credit from informal sources at high interest rates,» the company said in the statement.

«The lack of a credit history, or the borrower's decision to not use credit, may not be used as the basis for rejecting the loan application.»

In theory, this type of information can be fed into algorithms that enable lenders to assess the creditworthiness of people who lack sufficient financial records or credit histories to be «scorable» under traditional models.

Personal loan or credit card: Both of these options only take into account your personal credit history and financial situation, so they are frequently used when business credentials are lacking.

«My lack of established credit history was the reason I was rejected for this position,» charged Lebron, who is studying Computer Information Systems and interviewed in 2012.

The dialogue between Portman and Billy Crudup (Spotlight), as «the journalist» (as he is listed in the credits), certainly lacks dimension, however, treating the viewer to a series of declaratory statements about history and its interpretation that would not pass muster in a high - school paper.

If you're afraid your not - so - perfect credit or lack of credit history will prevent you from getting a car loan, don't stress about it.

«The lack of a credit history, or the borrower's decision to not use credit, may not be used as the basis for rejecting the loan application.»

35 % of your credit score is based upon your payment history, or rather the lack of having negative information on your payment history.

Although the practice is controversial, a bad credit history — or lack of credit history — can lower your chances of getting a job for which you otherwise are qualified.

An Alabama regulation in its final stages that would prohibit insurers from considering an individual's lack of credit history.

Unlike normal credit cards, student cards can be quite easy to get when you're in school and have a lack of credit history.

There is one other thing that is important to remember: A lender can not reject your loan application based on your decision not to use credit or a lack of credit history.

You also don't want to be stuck with a poor credit score from a lack of savings that might cause poor payment history.

For years, the FHA has advertised its products as loans for consumers «on the margins» of homeownership; those with less - than - perfect credit scores, with elevated debt - to - income ratios, or with a lack of credit history.

Without credit, it's unlikely that you'll qualify for a conventional loan or be approved for a credit card, at least not without extreme interest rates attached, or being required to pay a large down payment to compensate for a lack of credit history.

Those with bad credit or no credit history at all can benefit from the lack of a credit check associated with these loans and the fast application and authorization process ensures that the money requested is available within a short time, which is ideal for unforeseen financial emergencies that can sometimes occur in between your pay days.

If you are unable to obtain a credit card due to your lack of US credit history, you can apply for a secured credit card.

Some borrowers who are in need of a good car loan find that their lack of credit history is a stumbling block to getting behind the wheel of the car they...

This is something of a grey area, since the lack of a credit history is no proof that the borrower is high risk.

The credit card companies said they were rejecting me due to my lack of credit history, but also told me the credit score they received for me was in the 700s.

A poor credit score or the lack of credit history can make it difficult for an individual to obtain a personal loan of any kind because he is deemed a high - risk investment.

Additionally, the consideration of non-traditional credit continues to be quite helpful to many first time home buyers who lack a sufficient traditional credit history.

While this is good since you will not have other loan payments to make, this lack of credit history can cause a worry to lenders.

«We know that many of these individuals live from paycheck to paycheck and remain unbanked for reasons ranging from problem credit histories and debt burdens, to distrust of financial institutions, to the lack of financial education.»

Getting a personal loan with no credit history and no cosigner means compensating for the lack of a reputable guarantor.

The reason: a supposed lack of sufficient credit history.

If you have damaged credit or your lack of credit history is affecting your ability to open accounts, look into getting a secured credit card.

The lack of a credit history, excessive personal debt, short - term employment and other more nebulous factors may be the reason for being declined for a credit card.

Equifax cites late payments, or lack thereof, length of credit history and the size of account balances in relation to your credit limits as major factors that impact your FICO score.

FHA states that, «Neither the lack of credit history nor the borrower's decision not to use credit may be used as a basis for rejecting the loan application.

A poor credit score, or lack of credit history, can make it difficult to take out a mortgage or even to rent an apartment because lenders will only offer high rates of interest in such circumstances.

Non-bank borrowing methods are likely to come with high interest rates, and often attract individuals with poor credit histories, lack of access to more traditional sources of credit, or both.

But these loans may work well for smaller companies or startups that can't qualify for traditional bank loans, due to a limited operating history, poor personal credit or a lack of collateral.

Getting a loan can be challenging for many small businesses, but Advanced Automation Corporation (AAC) didn't face the typical roadblocks, such as a lack of business history, poor credit ratings or an unproven industry: In fact, AAC has been successfully and profitably operating since 1985.

A bank may turn the borrower away due low credit scores, lack of sufficient income history or recent short sales or foreclosures.

But after a chat about the reasons — which I concluded were mainly a lack of credit history — I decided credit was not a reason to turn them down.

My credit score was in the mid-700s, which is perfectly respectable, but my credit report reflected the general lack of history.

The loans from FHA are good for the borrowers with less than perfect credit rating, lack of credit history or high debt - to - income ratio.

Thanks to academic scholarships, I graduated as one of those unicorn debt - free millennials, and I quickly learned my lack of student loans meant creditors (or more importantly for me — a landlord) saw me as a risk due to minimal credit history.

This is often due to previous blemishes on the borrower's credit history, but it can also stem from an incomplete credit application or lack of any kind of borrowing history.

«Their lack of visibility into critical modern credit responsibilities [has left] many millennials with incomplete or nonexistent histories at the major credit bureaus.»

Worse yet, around 33 % of people in this age group do not have any score at all, due to a lack of credit history.

I attended a school who lost their accreditation, one of only a few in U.S. history; however because I graduated with now a worthless degree (none of my credits transferred because the lack of sustenance to the program) I requested my loans be consolidated and applied for an Income based repayment plan due to my inability to use my degree to locate a better position.

While tweaks to loan guidelines by the FHA, Fannie Mae and Freddie Mac offer opportunities to more borrowers, consumers with more complex financial circumstances or simply a lack of credit history can turn to «nonprime» lenders.

This can be good news for borrowers with limited or no credit history as good educational or employment history can supplement a lack of credit history.

Either do to poor credit history, lack of experience or stringent loan requirements sometimes self financing is the only way to get a business off the ground.

Due to most students» lack of credit history, it helps to apply with a cosigner, typically a parent, to increase the likelihood of approval.