Sentences with phrase «sufficient traditional credit»
Additionally, the consideration of non-traditional credit continues to be quite helpful to many first time home buyers who lack a sufficient traditional credit history.
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Qualifying for a business credit card may be easier than a traditional loan and could make it possible for a business owner who has not yet established a strong business credit profile or don't have sufficient revenue to qualify for a small business loan (provided you have a strong personal credit history).
In theory, this type of information can be fed into algorithms that enable lenders to assess the creditworthiness of people who lack sufficient financial records or credit histories to be «scorable» under traditional models.
In some alternative schools, children attend for the purpose of credit recovery, and once they've earned a sufficient number of credits, they transfer back to a traditional school.
If you have sufficient credit to generate a credit score, you don't get to use a non-traditional report, so you can't use an NTMCR to offset bad traditional credit.
As a result, even if you have less - than - perfect credit or don't have specific collateral of sufficient collateral value to secure a traditional small business loan, there are loan options available (provided you can demonstrate other healthy business fundamentals).