Sentences with phrase «to pay back the loan on time»

Using your car as collateral also means you can lose your car if you don't pay back the loan on time.

It shows that you never borrow beyond your means, and that you have always paid back your loans on time.

But it's important to borrow responsibly so you can pay back your loans on time after you earn your degree.

The idea is that you're much more likely to pay back the loan on time if someone with a good financial foundation cosigns on it.

If you do not pay back your loan on time your lender may choose to report this delinquency to one or more credit bureaus, with the end result being that your credit score could be negatively affected.

Data confirms that students who do well in school also do well using credit responsibly and paying back loans on time.

While we carry out affordability checks to ensure that you should be able to pay back your loan on time, we understand that sometimes people can fall into financial difficulty.

Credit score improves only for people who borrow and pay back loans on time, in full without breaching any terms.

So only borrow against your home equity if you are certain that you'll be able to pay back the loan on time.

If you consider this simple fact, chances that you will be able to pay back the loan on time are high.

This will help to ensure that you are able to pay back the loan on time — or even ahead of time.

A credit score, in general, is a measurement of how likely you are to pay back a loan on time, and how good you are at managing debt.

Not paying back your loan on time can affect your credit score, and this will be visible to other lenders in the future, reducing your chances of your approval for taking out a loan elsewhere.

If you pay back the loan on time, you'll not only get a credit score, but you'll get a good score!

One of the biggest factors in determining your mortgage interest rate is your ability to pay back the loan on time.

With strong credit, you can often negotiate better rates and get lenders to knock off a percentage point or two from a loan, because your high credit score indicates to the lender that you will pay back the loan on time.

Banks and loan companies typically don't know you personally and have no way of knowing how likely you are to pay back a loan on time.