Sentences with phrase «use a credit history»

This can help you qualify for a better rate than just using your credit history.

Your lender will use your credit history and FICO score to determine your financing options.

These non-traditional lenders are not going to use your credit history as a main factor in granting you a loan.

According to the Texas Department of Insurance and the Office of Public Insurance Counsel, some companies may use your credit history as a factor when calculating your insurance premium.

You might be surprised that banks and credit card institutions aren't the only entities that use your credit history to make decisions.

But now a bad credit score has the potential to affect a wide range of basic needs since so many businesses use your credit history to make decisions about you.

Some companies use credit history to judge character and financial habits before hiring.

We use credit and credit reports for many different things, from determining if you can qualify for a loan or credit product to employers using credit history as a way to evaluate potential employees.

The company uses your credit history to decide:

Lenders use your credit history as a way of evaluating how well you've managed your credit to date.

This grade is determined using your credit history.

Also, the employers use credit history to help them make employment decisions.

Instead of using your credit history to determine your loan amount and interest rate, we use the equity of your vehicle and your ability to pay back the loan to determine the amount of money you qualify for.

These companies argue that using credit histories is a very reliable predictor of which car drivers are likely to file a claim.

The problem with using a credit history / score to determine an individual's auto insurance rate is that companies are using socioeconomic factors to establish a premium rather than using a client's actual driving record.

Employers are also using credit histories to evaluate whether or not to make a job offer and landlords will use a credit report when determining who can rent an apartment or lease a house.

Today, there are only 3 states that do not allow car insurance companies to use credit histories to determine premiums.

Here are ways insurers use credit history and how you can improve your score and potentially pay less for home insurance.

It is not uncommon for creditors to want to close joint accounts when a spouse dies and have the living spouse reapply using their credit history only.

Do you have any sense of, in your informal poll of Chamber members that you talked to, how often the employers use the credit history or credit check as the make - or - break decision in an employment action?

Using credit history creates a grotesque conundrum.

A subprime score could even prevent a person from getting a job as employers are using credit history more and more to evaluate applicants.

And while a growing number of state laws restrict the circumstances under which an employer can discriminate against job applicants on the basis of credit history (see endnotes for a list of state statutes), federal law permits employers to use credit history as a basis for denying employment.5

Consumers who hope to borrow money may know that the lending industry uses credit histories and credit scores to help determine whether they get approved for a credit card, loan or mortgage.

While employers never use a credit history as the only basis for hiring, it's becoming more and more a factor to compare or evaluate candidates.

Nationwide Insurance also uses a credit history to help determine your car insurance rates.

You could use the credit history in the State of California and evaluate your auto insurance premiums.

Did you know that in many states, insurance companies use your credit history to determine how much you should pay for insurance?

Insurers, which are regulated at a state level, typically use credit history to determine an «insurance score» that is factored into their final coverage price.

In most states, insurance companies can use your credit history to help determine your rates.

Prop 103 makes it illegal for insurance companies in California to use your credit history as a factor in determining the cost of your car insurance premium.

Car insurance companies use your credit history to help build your profile and calculate risk.

The Nevada DOI's List of Nevada Private Passenger Automobile Insurance Companies by Usage Status of Credit - Based Insurance Scoring provides more information about which companies use credit history and how they use it.

Not all insurance companies use credit history to determine rates.

Well, using credit history as one factor in insurance pricing is a lot like looking at an individual's driving history: a large number of accidents or violations means that driver may not be responsible and presents a greater risk to the company.

In addition, Prop 103 makes it illegal for companies to use your credit history as a factor in determining your insurance rate.

Car insurance companies in Delaware can use your credit history to help determine your premium rates when you first obtain coverage with that company.

Use your credit history to your advantage since insurance companies will always prefer clients with good credit rather than clients with bad credit history.

Insurance companies also can use your credit history when determining your rates - meaning that a poor score could cost you.

These employers use credit history to gauge an applicant's level of responsibility, the premise being if an applicant is not reliable in meeting financial obligations they are less likely to be a reliable employee.

While it hasn't gained a lot of traction yet, if passed, the bill would prohibit employers from using credit history during the employment background screening process.

Reason suggests that using credit history to help make better employment decisions is a worthwhile idea in some cases.

Critics of using credit histories for employment purposes said the practice can have a disparate and discriminatory impact on protected groups, including people of color, women, and the disabled.

Not exact matches

Essentially, a company credit report gives you the benefit of seeing an objective summary of a company's credit history and from this you get its credit score, which is used by all financial institutions in assessing credit worthiness.

Instead, senior loan officers have authority over whether to make loans, and the company uses proprietary algorithms that look at applicants» credit history to determine their credit worthiness, SoFi said.

This Tempe, Arizona - based company connects used car dealerships to people who have less - than - sterling credit histories.

If you have an excellent credit history, you may be able to use that to help you use a line of credit to fund your startup.

It also offers specific policy recommendations including providing tax credits to promote venture capital investments in minority businesses, as well as tax credits for new low - income entrepreneurs, and encouraging the use by credit rating agencies of alternative data such as rent and utility payments in establishing credit histories.

Fundbox uses a proprietary algorithm to gauge likelihood of repayment, starting with your financial data — including accounts receivables, client financial statements, cash flow and payment history — and moving on to public data such as credit ratings, government information and social media accounts.

«Our standard account of monetary history is precisely backwards,» he argues — humans were using credit systems long before the first coin was minted.