Sentences with phrase «payment track record»

Keep in mind that some lenders offer to release your cosigner from liability once you have established a positive payment track record with your bad credit loan.

Lenders also charge more to offset risk when low credit scores suggest a borrower has a less - than - perfect payment track records.

Your current mortgage must be in good standing with a positive payment track record.

«FICO's research has shown that a person's payment track record tends to be the strongest predictor of the likelihood that the individual will pay all debts as agreed in the future,» said Barry Paperno, a credit scoring expert who has worked for FICO and Experian.

«When you're ready to apply, expect the card issuer to consider many of the same factors required for consumer cards, including your credit rating, debt amounts, bill payment track record and creditworthiness,» Stinson says.

While, understanding the previous claims payment track record of your selected Health Insurance Company is very important before one buys a mediclaim, claim settlement ratio is not the right parameter to measure a Health Insurance Company's efficiency and philosophy towards settlement of claims.

Insurer - related (Company) factors: Premium rates, customer service track record, bonus payment track record, bonus rates (translate into a simple ROI to measure the relative worth of the plan), claim settlement ratio, reputation, and financial standing.

can you please suggest me a good term insurance of (Rs. 5000000 lakh) which are having good payment track record along with a health insurance plan for 4 members me spouse and two children for around Rs. 300000 to 500000 lakh cover).

That's why the biggest factor of your FICO is your payment track record.

Since the single - biggest component (35 %) of your credit score is based on your payment track record, the best way to boost your credit score is to simply pay your bills on time.

To keep your payment track record going and to prevent an account from being considered inactive, find some regular expenses to set up on autopay.

For consumers with no credit history, SelfLender recommends beginning with only a small loan until consumers build a payment track record.

Every month, Barclaycard reports your payment track record for this card to the three major credit agencies.

You also get a view of their accounts and payment track records — a useful indicator of the person's reliability to pay his or her rent on time.