Sentences with phrase «subprime lenders charge»

Because subprime borrowers present a higher risk for lenders, subprime lenders charge interest rates above the prime lending rate.

Not exact matches

This is where online lenders are valuable, offering a greater chance of securing loan approval, though interest rates charged by subprime lenders can be quite high.

For subprime borrowers, personal loans may be available from some online lenders, but the interest rate charged for the duration of the loan is often high.

There are some lenders, including First Premier's Gold MasterCard which will charge upwards of 49.90 % APR for subprime credit holders.

Borrowers with scores below 620 are sometimes characterized as «subprime,» and because lenders view them as risky, they frequently charge them higher rates — if they'll lend to them at all.

Beware of predatory lenders - Some subprime lenders may try and take advantage of high risk borrowers by charging excessive fees and unreasonable interest rates.

These in - house lenders are known to take advantage of the desperation of their subprime customers by jacking up interest rates and charging ridiculously high down payments — all on top of potentially charging as much as two - to - three times what the car is actually worth.

Beware of predatory lenders - Some subprime lenders take advantage of high risk borrowers by charging excessive fees and unreasonable interest rates.

Subprime mortgage lenders charged higher interest and additional fees to make up for this risk.

Mortgage lenders charged higher interest rates for subprime borrowers.

No, subprime lenders who have such high risk tolerance do it because they can charge desperate borrowers just about any amount of fees they like in exchange for those two little words, «You're approved.»