It is
your reputation as a borrower.
Consequently, use a secured credit to establish a positive
reputation as a borrower, instead of day to day shopping needs.
This means that if you look at a variety of companies to get a quote, you might end up harming
your reputation as a borrower.
Not exact matches
However, the bank's
reputation for servicing mortgages has taken serious blows from its involvement in the 2009 meltdown of mortgage - backed securities,
as well
as a high proportion of
borrower complaints relative to competing lenders like Wells Fargo.
These types of cards are the fastest to help you rebuild your
reputation as an excellent
borrower.
By knowing how potential lenders view you
as a
borrower based on your credit score, you can be proactive in your quest to rebuild your borrowing
reputation to the level that will make you into an acceptable risk.
Borrowers must understand the importance of repaying loans not just so they can get good loans but also
as a way of building a good
reputation in the business.
These loans may be considered predatory loans
as they have a
reputation for extremely high interest and hidden provisions that charge
borrowers added fees.
For example, they recognize that applications for $ 10,000 personal loans with bad credit have
as much to do with the
borrower regaining their credit
reputation as accessing funds.
Just
as peer - to - peer trading where
reputation is key, lenders here have to rely on
reputation and feedback systems to help them gauge the suitability of a
borrower.