Sentences with phrase «reject loans based»
This is unlike banks and traditional lenders who are much likely to reject loans based on your reasons for needing the money.
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Your prospective lender would be included in this report as well since they received your report too and might reject your loan based on the wrong information.
Not exact matches
«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.»
«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.»
Traditional loan aid may reject you based on past poor credit, short sale, foreclosures, divorce, bankruptcies, and even your current job and salary.
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.
Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report finding high rates of consumers are being rejected for co-signer release on their private student loans, based on its review of industry practices.
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.
Everything about your credit score and report is calculated, so remember that most lenders will take a conservative approach to approving or rejecting a loan applicant based on their creditworthiness.
You are also entitled to a free credit report whenever you are rejected for a loan based on information in the report.
Did he have loans and requests for funding get rejected on a regular basis due to his unproven record?
You are free to use the loan money as you wish because unlike banks, private lenders do not reject applications based on the reasons given for needing a loan.
They are willing to accept all kinds of explanations unlike banks who often reject loan requests bases on reasons given for needing them.
While other lenders are likely to reject applicants based on credit scoring criteria and debt - to - income rations, SoFi will examine disposable income and other indicators of responsible borrowing habits as criteria for loan approval.
Based on the lender's financial review, they will either approve or reject your mortgage loan application.
The loan is approved or rejected in just a few days as it is almost entirely based on the value of the asset rather than your credit scores or employment history.
Friends of the Earth - US joined South Africa's leading community, labor, faith - based, and environmental groups, as well as more than 125 groups worldwide, in calling on the World Bank to reject this loan.
«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.»