Sentences with phrase «rely on credit scores»

You should not rely on credit scores alone to accept applicants but it is a valuable tool to eliminate them.

«Many landlords rely on credit scores as a predictor of a tenant's reliability and likelihood of paying rent on - time,» notes Mike Doherty, senior vice president of TransUnion's rental screening solutions group.

Even cell phone companies rely on credit scores to qualify you for a cheaper plan.

Those lenders have strict standards, and they rely on credit scores when picking their borrowers and calculating loan terms.

Unlike most traditional lenders, we don't rely on credit scores alone to measure your creditworthiness.

Lenders rely on your credit scores to decide whether or not they want to do business with you and under what terms.

Private institutions that do not rely on credit scores offer home equity loans in the form of a registered mortgage.

The CFPB concluded that «consumers should not rely on credit scores» as a way of getting inside the minds of lenders.

The approval process doesn't rely on credit scores, but rather alternative data.

FHA does not rely on credit scores alone for preliminary loan approval, and allows borrowers to qualify at higher rations of debt to income than conventional loan programs.

While most lenders rely on credit scores, they may also rely on other criteria such as debt - to - income ratios, minimum income requirements, minimum employment history duration, exclusions for specified derogatory information in the credit history (e.g., a bankruptcy in the last 7 or 10 years) and volatile income (e.g., self employment).

Traditional lenders rely on credit scores such as FICO to determine a consumer's borrowing power.

Many lending institutions do not solely rely on credit score, paying more attention to other criteria, and thus being able to finance people with low credit scores.

Banks mainly rely on credit score when approving loans but that is no concern for most private lenders.

This is very different from banks, which rely on credit score to determine who is worthy of a loan.

Lenders mostly rely on your credit score and financial capabilities to determine if you are a good fit to use their credit card.

One can also access the loans in spite of a bad credit rating as most lenders consider the overall financial health of the borrower, not just relying on the credit score.

Banks usually rely on credit score to inform their lending decisions but that doesn't seem to bother private lenders, who rely on loan to value instead.

This is a disparity from banks who mainly rely on credit score when choosing creditworthy clients.

Our network of bad credit lenders in Sault Ste. Marie do not rely on your credit score to make a lending decision.

The private lenders» approval criteria are much different from banks that rely on credit score to inform lending decisions.

Lenders generally do not rely on your credit score anymore when deciding if you're fit for the loan, but that can still be a consideration.

Private lenders usually do not rely on credit score to determine your mortgage eligibility.

If you're going to apply for anything that relies on your credit score, you can gauge your likelihood of approval up to the moment you submit.

Because lenders rely on your credit score to determine if you'll pay back your debt, your damaged credit history or no credit history at all can narrow your options and make approval difficult.

Banks rely on credit score to measure the creditworthiness of respective mortgage applicants.

Lenders mainly rely on your credit score and history when evaluating you for a personal loan.

Elliot, you're right in a way — IF you choose to work in a system that relies on a credit score, closing cards CAN sometimes be bad, and there are plenty of sites out there that would back up your thoughts 100 %.

Reason behind is that a margin account is not a financial product that rely on the credit score of an individual.

Payday cash advance loans usually don't rely on credit scoring and in order to be eligible, the borrower will need to be at least 18 years old and have full - time employment with a minimum income of $ 1,200 a month.

Private lenders must have a way of assessing the risk of a borrower and without relying on credit score; they use the LTV of a property.

Banks rely on credit score to help them determine worthy investments but private lenders aren't so bothered.

LTV is the most important metric but some lenders also rely on credit score to decide who qualifies for a loan.

Although it may seem like living with impacts such as these on your credit score for a decade is devastating, it is essential if you expect to rely on your credit score sometime in the future.

While loan to value is important to a home equity lender, some still rely on credit score and job history to decide who qualifies.

This is an important assessment for home equity lenders who do not rely on credit score to make lending decisions.

They want to know that you can be trusted, and it's easiest to rely on your credit score.

Many lenders and businesses rely on credit score when it comes to assessing the creditworthiness of consumers in order to decide whether a person will pay bay his debt if granted credit.

So to determine whether you're a worthy candidate for a loan, potential lenders rely on your credit score, which indicates how likely you are to default on the loan.

The majority of lenders rely on credit score results from the Fair Isaac Corporation (FICO).

It's similar to how mortgage lenders, banks and other gatekeepers of credit rely on a credit score to figure out the probability you'll default on payments.

Fannie Mae and Freddie Mac are the largest mortgage purchasers in the nation, but they rely on credit score models that don't necessarily take into account something as simple as whether borrowers have paid their rent or utility bills on time.

Your eligibility doesn't rely on your credit score, and closing costs roll over into the mortgage balance.

Not exact matches

Typically, these businesses describe their loans as faster and more readily available to customers than bank loans, because they leverage technology to evaluate risk on a number of factors, as opposed to relying solely on credit scores.

Until your business reaches a substantial size ($ 5 million to $ 10 million in annual revenue or more), the bank is going to rely heavily on your personal financial statement and personal credit score to determine the creditworthiness of your business.

Many lenders and other commercial users rely in part on these scores when deciding whether to extend credit.

(New York, NY) March 24, 2010 — On Deck Capital (www.ondeck.com), a leading provider of small business financing solutions, announced today announced today that over $ 50 million of loans have now been made to more than 2,000 Main Street small businesses using its proprietary performance lending system which evaluates businesses based on electronic performance data rather than relying solely on the business owner's personal credit scorOn Deck Capital (www.ondeck.com), a leading provider of small business financing solutions, announced today announced today that over $ 50 million of loans have now been made to more than 2,000 Main Street small businesses using its proprietary performance lending system which evaluates businesses based on electronic performance data rather than relying solely on the business owner's personal credit scoron electronic performance data rather than relying solely on the business owner's personal credit scoron the business owner's personal credit score.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

Instead of relying on a minimum credit score, lenders are required to review the applicant's entire loan profile.

By looking at small business lending and the qualification process differently, these lenders are turning traditional credit models that rely heavily on personal credit score and specific collateral on their heads.