Sentences with phrase «term impact on their credit history»

However, these may be more beneficial in the long run for the borrower than an official foreclosure action because it has less of a long - term impact on their credit history (the bank may also waive any deficiency against the borrower).

Not exact matches

Credit cards impact credit histories because they are loans provided by an institution on terms which require monthly payments and accrue an interest expense on outstanding balCredit cards impact credit histories because they are loans provided by an institution on terms which require monthly payments and accrue an interest expense on outstanding balcredit histories because they are loans provided by an institution on terms which require monthly payments and accrue an interest expense on outstanding balances.