Sentences with phrase «rejected loan applications»

A survey by the Federal Reserve said that 23.4 % of rejected loan applications happen because home buyers failed the debt - to - income ratio test.

After our local bank and credit union rejected our loan applications, we had given up on becoming homeowners at least for this decade.

Anyone who is long - term unemployed or has never held down a real job has to get used to rejected loan applications.

But lenders are cautious by nature and see the glass as being half empty, which only leads to a higher number of rejected loan applications.

However, it is important to understand that rejected loan applications have been rejected for a reason.

They can pass 60 - 70 % of mainstream rejected loan applications.

«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.»

While some lenders are more considerate, others may just reject your loan application if they see late payments on your credit report.

Credit issues are one of the top reasons lenders reject loan applications.

But at times, when you require a loan, the lender may reject your loan application because...

If the lender rejects your loan application, these score reasons can help the lender tell you why your score wasn't higher.

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.

If your credit score is too low, many lenders will automatically reject your loan application.

Many lenders will either reject your loan applications or charge you exorbitant rates to borrow money.

Users also complain about poor customer service and technical errors in the automation system that can sometimes accidentally reject a loan application.

Most traditional lenders will immediately reject a loan application if the applicant's credit score is not above a certain number.

Your goal is to improve your finances enough so that lenders will have less reason to reject your loan application in the future.

However you may contact NBFCs like LIC HFL or DHFL in case banks reject your loan application.

Can the mortgage underwriter reject my loan application at this stage of the process?

Even when you make a fresh application the verification checks that are conducted during your credit appraisal process will throw up your rejected loan application.

A poor CIBIL score is a strong enough reason for any lender to reject your loan application right away.

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.

Following a strict code means that banks will reject a loan application for the explanations given but private lenders generally accept anything reasonable.

Private lenders are very lenient compared to banks who often reject loan applications for the reasons given for needing the money.

There are times when banks will reject your loan applications.

This is different from banks that often reject loan applications due to the reasons that were given for needing them.

Home equity lenders do not concentrate much on credit score but they certainly have criteria to approve or reject loan applications.

Fortunately, we don't reject loan applications according to the reasons for needing it.

Institutional lenders like banks and credit unions mainly rely on credit and income to approve or reject loan applications but private companies refer to equity.

Trying your luck with lenders that are likely to reject your loan application will only make a bad situation worse.

The bank rejected the loan application for a variety of reasons, but the person's boasting didn't help the cause.

It is essential that you are present during this visit; otherwise the investigator could report that the facts you provided do not actually add up, thus forcing the lender to reject your loan application.

Performs the responsibilities of approving or rejecting loan application as well as requests additional information to clients if required

«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.»

Not exact matches

Traditional lenders have and continue to reject a good majority of small business loan applications and have tightened their lending policies.

After the recession financial institutions have made the loan sanctioning procedures a little rigid and therefore the applicants are carefully scrutinized and even the slightest discrepancy in the credit worthiness could render the loan application rejected.

Big banks (over $ 10 billion in assets) are lending at unprecedented post-recession rates, but still reject three out of four loan applications and are typically conservative in their lending parameters.

Otherwise, your loan application might be rejected.

So you want to turn your business dream into reality but your business loan applications were rejected by the big banks.

Having a credit score within this point range will typically result in a rejected business loan application from a traditional bank or lender.

Indeed our most recent research reveals that in H1 2012, Britain had 47,777 overdraft and loan applications worth as much as # 2.5 billion rejected.

Even if their loan application is rejected, Tala will keep on analysing their smartphone habits to assess their financial situation and may offer a loan if this changes.

The problem with traditional lenders is that the risk of having an application for a $ 2,000 unsecured personal loan rejected is higher, the interest rates to pay should the application be successful is higher and the period to wait for news of either is longer.

Details of loan applications (whether approved or rejected) are not part of the credit report / shared by members with CIBIL.

If you are already having huge debts either as personal loan or high credit card balance, your application for credit card may be rejected.

But if their consolidation loan application is rejected, or they find they need more help, they should seek the advice of Credit Counseling Canada.

No need to get disheartened if your mortgage application has got rejected, as there's still a hope of getting the mortgage loan from other mortgage lenders.

While a low credit score on its own is never enough to see a loan application of any type rejected, it can influence terms that would make approval more difficult to achieve.

Private mortgage lenders in St. Thomas follow a unique set of rules, which allows them to serve people whose loan applications were rejected by banks.