Sentences with phrase «subprime applicants»

Still, the number of new accounts opened grew on a year - over-year basis, and subprime applicants are increasing at a faster rate than other groups, ABA said.

Even so, the prevalence of rewards for consumers with a tarnished credit history flies in the face of widely held assumptions that subprime applicants are unlikely to get a card at all.

But just as a few chefs excel at using cuts of meat that others snub, some credit card issuers specialize in providing credit to subprime applicants who need to build credit.

With a lower credit score, you may not receive the same perks, but there are still options and advantages for subprime applicants.

The first step is to choose a lender that works with subprime applicants such as those listed above and on our personal loans reviews» page.

Not exact matches

As I mentioned last quarter, we are seeing some deterioration in the credit quality of applicants, but the majority of the increase is the result of our subprime partners providing more attractive offers to our customers.»

If applying a subprime car loan, the applicant will have to bring a few additional records.

There are many subprime auto lenders that will approve recent bankruptcies applicants

Moreover, when it comes to bad credit applicants and subprime lending, you need to be extra careful because lenders tend to include additional fees and costs to maximize the gains to compensate for the higher risk that lending to those with bad credit implies.

Bad Credit Lenders are available to qualified applicants for subprime, VA and FHA mortgages.

Subprime consumers, those with credit scores below 660, make up a rising share of reward card applicants, a separate ABA poll found in 2014.

For applicants that qualified for loans, black and Latino applicants were 2.2 times more likely to receive a subprime loan than white applicants.

It is a similar story in credit card lending, with lenders providing less credit to subprime borrowers and focusing more heavily on better qualified applicants.

A subprime score could even prevent a person from getting a job as employers are using credit history more and more to evaluate applicants.

Subprime card applicants still facing tight credit — The economy may be sunnier, but people with less - than - perfect credit are still getting a chilly reception from credit card issuers... (See Lending standards)

Subprime consumers, those with credit scores below 660, make up a rising share of reward card applicants, a separate ABA poll found in 2014.