Sentences with phrase «on loans or credit»

You may end up having legal problems by not paying what you owe on your loans or credit cards, especially if you ignore the problem.

Interest Rate — The rate at which interest is calculated on your loans or credit card balance is called the interest rate.

If you don't know the annual percentage rate, or APR, you're paying on each loan or credit card, you will need to look on your monthly statement, check your online account management page, or call your loan provider to inquire.

The principal is the original sum of money borrowed on a loan or credit card or the amount left on the balance after a payment is made.

In many cases, teens and young adults who are building their credit from scratch will end up having their parents co-sign on a loan or credit card,» Tayne says.

It's a federal crime to lie on a loan or credit application, to misrepresent your SSN, and to obtain an EIN from the Internal Revenue Service under false pretenses.

Very few lenders will lend money to someone who is currently delinquent on a loan or credit card.

It makes more sense to pay money for your FICO scores now, than to pay for a higher interest rate on a loan or credit card later.

Obviously, a lower rate on a loan or credit card is better if you are the one paying interest on it.

The difference is that APR does not take compounding into account, meaning you can often pay more interest on a loan or credit card than you were expecting.

To get the best deal on your loan or credit card, follow our golden rules.

711 - 720 Credit Score: To qualify for the best interest rates on a loan or credit card, you want to have a score north of 700, according to the New York Times.

A higher interest rate on a loan or credit card can essentially cause you to make higher payments.

Those who have missed payments or paid late, defaulted on a loan or credit card, filed for bankruptcy in the past, etc. usually present a stained credit report that scares lenders away.

An amount of money that you may be charged if you fail to make a repayment when it is due on a loan or credit card.

Couples should also know that the co-signer on any loan or credit agreement is not legally required to be your spouse.

Using a spouse as cosigner on a loan or credit card can bring about some unwanted financial challenges.

Not exact matches

Furthermore, they have lacked the technology to look at the whole health of a business and judge them solely based on credit score, a factor that shouldn't reflect if they can repay a loan or not.

So if you're currently owed # 10,000 in outstanding invoices you could access up to # 9,000 of that instantly in the form of a loan or line of credit, depending on the terms of the agreement.

The flexibility of interest rates on a business credit card is something that you would not deal with if you had a loan or fixed line of credit.

Many small businesses must rely on loans or other forms of credit to finance day - to - day purchases or long - term investments in facilities and equipment.

Hard inquiries on your credit — such as applying for a retail credit card — can lower your score temporarily, so avoid those activities in anticipation of a mortgage or loan application.

For example: car loans, credit cards, mortgages on your home or your office.»

Depending on whether you're looking at a line of credit from a traditional bank or an alternative lender, you might be dealing with two pretty distinct loans.

Alternative lenders rely more heavily on unsecured loans, but some lenders offer lines of credit backed by inventory, equipment, or even accounts receivable.

In theory, you could use your line of credit or your home equity loan to pay your bills or go on vacation and attempt to deduct the interest on your taxes.

But if your cosigner has a low or middling credit score, you may get stuck with a higher interest rate on your loans.

«If the deceased had bad credit card debt or is upside down on a loan, the entire IRA could be used up,» said certified financial planner and estate lawyer Austin Frye, founder and president of Frye Financial Center.

«However, when you open credit or loan accounts jointly, that information will be reflected on each of your credit reports, for better or for worse.»

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.

Applying for a new credit card or loan initiates a hard pull on your credit report that can lower your credit score, which can then impact your eligibility for a mortgage, or the final interest rate you're offered.

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.

It's also worthwhile to check out secured credit cards and credit builder loans, which may ask for a deposit of funds to act as your spending limit on a card or deduct a monthly amount to save for you.

If you have a high credit score and are picky about what kind of debt you take on, you should investigate SBA loans from traditional lenders or new lenders.

A late or missed payment can also hurt your credit score, which can make it harder to get a loan (or a good rate on a loan anyway) down the road.

Fred Upton, a Republican congressman from Michigan and chairman of the Energy and Commerce Committee, put his finger on the larger issue facing governments worldwide at a recent hearing: «Was Solyndra just one bad bet by an administration rushing to claim credit for the first loan guarantee, or is it the tip of the iceberg?»

In other words, it is no longer dependent on savings, credit card debt, loans from friends and family, angel investments, or any other outside sources of capital.

Getting a bank loan depends on your personal and business credit scores and usually you need to provide a personal guarantee or put up collateral.

In autodecisions, a bank bases loan approvals or rejections solely on an applicant's credit score.

Libor, or the London Interbank Offered Rate, underpins hundreds of trillions of dollars of transactions and is used to set rates on credit cards, student loans and mortgages.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

With Lending Club, borrowers pay a one - time origination fee (for 36 or 60 month loans), which ranges from 2 percent to 5 percent of the loan amount, depending on your loan grade (A-G), which is derived from your credit score, loan purpose, employment type, loan amount, loan term, and credit usage and history.

In addition you could get a home equity line of credit, a home equity loan or a second mortgage on your home, or refinance your existing mortgage.

* Minimum credit score on top loans; other loan types or factors may selectively influence minimum credit score standards

This will have an impact on anyone with a credit product — like a credit card or loan — with a variable interest rate.

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

I asked the agent of the bank if we can re-open the account or apply for a business loan, but unfortunately, they declined because we had to short - sale a property and it was reflected on our credit report.

Or if you're looking for a mortgage, one credit bureau might rely on a different FICO algorithm that gives them a more accurate picture of whether you're a better mortgage borrower than, say, a car loan borrower.

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.