Sentences with phrase «subprime credit scores qualify»

For example, TransUnion estimates bank card ownership has reached its highest level in more than a decade as more consumers with subprime credit scores qualify for a new card.

Not exact matches

A credit score below about 650 means you qualify only for «subprime» lending — and that means higher interest rates.

A decline in your credit score — even a small one — could be enough to warrant a higher rate, or keep you from qualifying at all if your score is teetering near subprime.

Subprime lending is the extension of credit to borrowers whose credit scores or incomes aren't sufficient to qualify for ordinary loans.

These subprime borrowers, as they were called, had low credit scores, insufficient income, or other problems that prevented them from qualifying for a loan under normal standards.

As a result, it'll be very difficult to qualify for a regular prime credit card, making subprime and secured credit cards likely your only option until you can build a better credit score.