Sentences with phrase «rely on the credit rating»

Here comes the tricky part, most of these lenders are banks or credit unions who are most likely than not going to rely on your credit rating to weigh your eligibility for the loan.

Instead of relying on your credit rating, the lender uses your car as collateral for High Point title loans.

This is different from banks that rely on credit ratings to decide who to give a loan.

Having said that, the fund manager has to do a original evaluation of the instrument and not completely rely on the credit rating provided by a third party *.

Not exact matches

Offering yet another indication that China will continue to rely on credit to support growth, Li also set a goal of increasing total financing available for investments by 13 % in 2016, roughly double the GDP growth rate.

Each credit rating bureau relies on different algorithms that weigh all the same information but with varying degrees of importance.

Most of WeLab's borrowers are individuals and small businesses who don't have enough established credit to take out loans from traditional banks at a low interest rate and typically rely on friends and family or microloan programs instead.

This narrowing in the difference between the rates of growth of broad money and total credit implies that, over this period, institutions relied relatively less on funding sources that are not included in broad money.

The fundamental problem is that the ECB and the BoJ are trying to implement QE through the normal credit creation channels of the banking system (which aren't working) and relying on interest rate cuts, instead of creating new money in the hands of firms and households outside of the banking system by asset purchases directly from these non-bank entities.

I don't have a huge staff to do a deep analysis of every bank's balance sheet, so we rely on published credit ratings and keep abreast of any changes.

A combination of budgeting practices, a well - funded pension system and structurally wealthy economy that relies on Wall Street led to Moody's upgrading the state's credit rating to Aa1, according to a report released Wednesday by the the investment service.

The new plan also offers a major bow to bondholders and Wall Street credit rating agencies, who might be worried that state bonds — with payments guaranteed by the state's income tax revenues — could face future payment issues if Albany is to rely less on income tax collections.

,» by Zoe Kirsch, describes how one school district came to rely on online credit recovery to boost its graduation rate.

The first article, «The New Diploma Mills,» by Zoe Kirsch, describes how one school district came to rely on online credit recovery to boost its graduation rate.

Rushing to boost graduation rates, more school districts are relying on «online credit recovery» — a form of instruction that may be selling students short.

And perhaps because so many of us rely so heavily on credit, few of us are unaware of the consequences for those who fail to pay their bills - «repossession,» «foreclosure» and «poor credit rating» have become modern - day bogey - words, the stuff of which nightmares are made.

Banks rely heavily on credit scores to determine initial credit card interest rates when opening a new account, and subsequent changes to the APR as circumstances vary over time.

Secured debt consolidation loans for non-homeowners with bad credit ratings rely on equity in an automobile.

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.

If you have a good relationship with your local bank, that is another choice, but banks are for - profit companies who rely heavily on credit scores to set their interest rates.

Paying your credit card bills late can have a frightening impact on your FICO credit score, the number lenders rely on to determine whether you qualify for loans and at what interest rate.

Best Egg relies on your credit history, credit scores and debt - to - income ratio to determine your acceptance and rates.

Lenders rely on three - digit credit scores to determine who gets credit and at what interest rate.

Relying on a single income and credit score could leave you paying a higher interest rate.

Although Credit Agencies were hugely criticized for financial crisis and seem to have learned lessons from it, you can't still rely solely on their ratings.

These big financial moves all rely on your credit to get approved or score good interest rates.

The Bottom Line Regardless of whether the ratings agencies truly failed in their roles of providing accurate credit ratings on a timely basis, most investors would be wise not to rely solely on their opinions.

And check this out: the same report says that insurers are relying even more on homeowners» credit rating in setting premiums.

In most cases, lenders rely on this in order to rate the credit standing of an individual so as to determine whether to lend loan to the person or not.

As we've seen, it's not necessarily a good idea to rely on a good credit rating, no matter if it's really good right now.

Millions of Americans could see their credit rating rise as credit bureaus rely more on alternative data like cell phone and rent payments.

(b) The General Assembly recognizes that many of its citizens rely heavily on favorable credit ratings in order to obtain goods and services, and that some of these citizens are unable to secure credit because of unfavorable credit histories.

Since April, 2016, Credible has been connected to all three of the major national credit bureaus that most lenders rely on, improving our ability to provide you with personalized rate quotes from multiple, vetted lenders — without doing a «hard» credit inquiry that can affect your credit score.

You are relying on the platform operator to assess and rate a borrower, not an external credit rating agency.

Renters insurance in California doesn't rely on credit for rating or underwriting.

Lenders today rely heavily on your three - digit credit score to determine if you qualify for a loan and at what interest rates.

Unsecured loans don't require collateral but rely more heavily on your credit rating.

Small business owners who rely on credit cards to finance their operations may find themselves in trouble if their rate climbs.

Personal loans rely heavily on your credit score, so if you have good credit, you may qualify for a loan with a lower interest rate compared to other quick loans.

SoFi stands out from many of the more traditional consumer financial products in so far as they don't solely rely on your credit history when determining your loan amount and rate.

Preference shares don't have S&P / Moody's credit ratings, and would you rely on them anyway?!

It is rough for anyone relying on ratings during the bust of the cycle, because the philosophy shifts from «ratings are made over a full credit cycle» to «ratings should last until lunchtime, maybe, uh, look the stock price is down 5 %, post a downgrade.»

An unsecured loan relies on a person's credit history to determine their interest rate, so low credit will often equal a high rate.

With fair credit, you shouldn't need to rely on subprime issuers to obtain credit, but you'll still receive higher rates and lower credit limits than your good - credit friends.

While perhaps easier said than done, it's always best to avoid accruing any kind of debt, regardless of the interest rate you're charged for it, than to rely on credit lines of any kind to see you through an emergency event.