Sentences with phrase «subprime borrowers generally»

Although it can vary a bit, subprime borrowers generally have a credit score that is under 600 to 640.

Not exact matches

But as the number of credit card accounts in the U.S. rises, the majority of new customers are subprime borrowers, generally meaning those with a credit score of 660 or below.

While credit scores of borrowers are generally better than subprime, certain attributes are similar, such as the inclusion of stated income loans, reduced - documentation loans and second - lien mortgages, creating a layering of risks similar to subprime securities.