Sentences with phrase «subprime category»

Just over one - fourth of borrowers fell into the subprime or deep subprime category of loans.

The subprime category also includes borrowers with «reduced repayment capacity» as indicated by their credit scores or debt - to - income ratios.

It came as no big surprise when a credit - worthiness study showed 67 % of consumers in the so - called alternative - loan market fell in the subprime category, the riskiest of credit tiers.

The subprime category also includes borrowers with «reduced repayment capacity» as indicated by their credit scores or debt - to - income ratios.

If you score lower than 620, you're in the subprime category which could mean 3 % — 6 % difference in rates compared to someone with better creditworthiness.

The consumers with the lowest credit scores, who are in the deep - subprime category, has dropped to only 4.64 percent of all auto loans.

NEW YORK, June 26 (Reuters)- Delinquency rates are rising for so - called «Alt - A» home mortgages held by U.S. borrowers who are rated above the subprime category but below the more pristine prime borrower, said Standard & Poor's in a report on Tuesday.

Many subprime borrowers are in the subprime category because they are already struggling with debt.

Of 28.4 million «credit - active» Canadian consumers, 11.9 per cent fall into the subprime category, according to estimates from TransUnion, one of the country's two credit - reporting agencies.

Borrowers in the subprime category of 550 to 620 didn't fare much better, except in credit card rates, where they might pay 19.8 %.

Debt consolidation should only be considered if the consolidated interest rate is lower than the rates you're currently paying, which can be difficult to accomplish when your current credit scores fall within the subprime category.

Alt - A mortgages fall somewhere in between the prime or subprime categories.

While many people who finance cars for long period do not fall into the subprime category, enough do to make these loans dangerous for the companies that fund them.

The subprime category also includes borrowers with «reduced repayment capacity» as indicated by their credit scores or debt - to - income ratios.

Additionally, that 10 percent increase in student loan debt increases the probability that a borrower falls into the subprime category (a credit score of 620 or less) by 0.6 percent.