Sentences with phrase «one's chances of being approved for a loan»
Knowing the new credit score criteria can also help you open the door to a better chance of being approved for loans with lower interest rates and cheaper overall costs.
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However, students applying without a cosigner may have less chance of being approved for a loan and may not qualify for the lowest interest rates.
While you may face higher interest rates and lower loan amounts, you have good chances of being approved for a loan.
If you have any dings in your credit history, paying down your existing debt and making sure that you always make on - time payments can help you improve your credit and improve your chances of being approved for a loan.
If you have any dings in your credit history, paying down your existing debt and making sure that you always make on - time payments can help you improve your credit and improve your chances of being approved for a loan.
While the credit score isn't the only factor you need to consider, anything you can do to improve your credit score will boost your chances of being approved for a loan, and save you money if you're able to obtain a lower interest rate.
Adding a cosigner can increase your chance of being approved for a loan, and get you a lower interest rate.
A high credit rating is important if you are trying to boost your chances of being approved for a loan or other forms of credit.
In general, if you are using more than roughly 40 % of your monthly income to repay debt, your chances of being approved for a loan will likely decrease.
Even with less - than - stellar credit, there are things you can do to improve your chances of being approved for a loan, including paying down debt or shopping for a specific type of lender.
This can hurt your chances of being approved for loan and your lender may not approve the loan based on the amount you requested.
They're credit - based your credit score — the better your credit, the better your chance of being approved for a loan.
The combined credit score of yourself and cosigner likely improved your chances of being approved for a loan and with a better interest rate.