Sentences with phrase «than other types of credit»

Because a mortgage has collateral, it has lower interest rates than other types of credit - because it is less risk to the bank.

A foreclosure can be significantly more damaging than other types of credit report black marks due to the size of the loan and importance of paying it back.

These loans, are, of course, more expensive than the first mortgage but they are more affordable than other types of credit.

It is sensible to use a second mortgage to consolidate debts because it is generally cheaper than other types of credit.

The interest rate on a home loan is generally lower than other types of credit.

Credit cards tend to have higher interest rates than other types of credit, and the rate varies between credit cards.

In fact, 90 % of lenders check FICO Scores rather than any other types of credit scores.

Store credit cards often have substantially higher interest rates than other types of credit cards, including those issued by major banks.

Student Loan Delinquencies Are Higher Than Any Other Type of Credit in the U.S..

Another disadvantage is that although the interest rate on a consolidation loan usually is less than other types of credit, the extended loan period results in more finance charges over the life of the loan.

That means that within the amounts owed category, credit cards are the most important type of account for achieving a high FICO score, but they can also do more damage than other types of credit.

Credit cards often charge a higher interest rate than other types of credit — the average credit card rate currently stands at around 16 - 18 % (depending [Read More]

Credit cards often charge a higher interest rate than other types of credit — the average credit card rate currently stands at around 16 - 18 % (depending on which statistics you look at).

A personal loan could sound good because it may offer a lower interest rate than other types of credit and repayments are spread over a long time.