Sentences with phrase «reliable as a borrower»

A low credit score can signify that you're less reliable as a borrower, so you might get a higher interest rate to make up for the risk.

If you have a lot of money sitting in outstanding debt, then you don't look very reliable as a borrower, which results in less attractive terms for you.

Having bad credit means that you are less reliable as a borrower and therefore you will either receive few loan offers, high interest rates, or low principle borrowing amounts.

Not exact matches

Your credit score reflects how reliable you are as a borrower, and is determined by your track record of borrowing and repaying banks, credit card companies and other lenders.

And even a small improvement in your credit score can get you a better rate if you're on the cusp of being classified as a more reliable borrower.

Meanwhile, the agent will review your credit report, get any inaccuracies corrected, and try to help you secure lower interest rates and open accounts such as secured credit cards to show that you are a reliable borrower.

Just don't do it on the existing loans or that will come across as changing your initial «contract» again, and perhaps once they've proven themselves to be reliable borrowers they can once again earn the privilege to have an interest free loan.

Developed by Fair Isaac & Company in the late 1950s, the FICO score has become almost universally accepted by lenders as a reliable means of evaluating a borrower's credit worthiness.

If you've never had a credit card, car loan, mortgage or any other type of loan or any credit history, then you'll likely be deemed as having no credit and could be denied by lenders as being high risk, simply because they have no data to show whether you're a reliable borrower.

Child support can be counted as stable and reliable income for prospective borrowers, but it needs to meet certain criteria.

And on the contrary people who are treated as reliable borrowers by lenders may get even lower interest rate than they have on their credit cards.

The number of conventional to FHA refinances has almost doubled in the last year, and as long as borrowers meet a few simple requirements, they will qualify for a more reliable FHA refinance.

If needed by the borrower, a reliable hard money lender can fund a loan in as few as 3 - 5 days.