Sentences with phrase «underbanked who»

Not exact matches

A new problem for people who have just started to use credit or who are «underbanked» as the socio - economic analysts like to say is the imposition of minimum credit scores for FHA mortgages (580 with a 3.5 percent down payment).

Today, however, these underbanked people, who use little or no credit and may not even have checking accounts are at a serious disadvantage when it comes to securing FHA financing because they may not have a high enough credit score even if they never ever missed a payment.

In fact, 55 percent of the GPR cards in use belong to people who are unbanked or underbanked.

Khalfani - Cox: Well, one of the things that I often talk to people about who are in that situation, who are typically underbanked or unbanked, who are credit invisibles is, you have to decide the type of life that you want to live, and it really boils down to this: you can opt out of the system if you want, you really can; go live someplace remotely, never need a mortgage for your house loan, never get a car loan, never use a credit card to rent an automobile if you're traveling or stuff like that.

The goal is to bring the mobile gaming industry — worth USD 46.1 billion in 2017, according to the statement — to underbanked users who would otherwise not have a way to participate in the games» virtual economies.