Sentences with phrase «on your creditworthiness instead»

* Getting a loan based on your creditworthiness instead of your home's equity means you can use your loan as you see fit.

Not exact matches

Instead of basing approval decisions on a number generated by an algorithm created by the credit bureaus to measure someone's creditworthiness based on past behavior, lenders for tax loans base their decisions on each person's current income and ability to repay.

Individuals with great credit will have more options available to them, but in the case of bad credit the best payday loans will be the ones that use a different set of criteria when determining creditworthiness, instead of depending primarily on the «Big Three» credit bureau reports.

Instead, the guidelines they use in determining creditworthiness are: no bankruptcy or loan defaults; not being more than 60 days late on paying off credit cards, medical bills, or loans in the last year; and owning a loan or credit card in the past three years with a credit limit above $ 5,000.

Instead, the lender will have to rely on the creditworthiness of the individual borrower.

Instead of judging your creditworthiness on events that may have happened years ago, and may not have even been within your control, they use your current steady employment, backed up by automatic drafting of your payments from your bank account.

The company is well - known for using proprietary algorithms to evaluate the creditworthiness of an applicant, instead of relying solely on traditional benchmarks such as credit score and income.

Watch out when you apply, however, because depending on your creditworthiness, Bank of America may issue you a Platinum Plus Visa with fewer perks and a $ 50 annual fee instead of the Visa Signature with the $ 75 annual fee.