Sentences with phrase «used by lending institutions»

For the purpose of this article, we shall thereby limit ourselves to FICO credit score which is most widely used by lending institutions in assessing credit worthiness of borrowers.

And how long after it is released will it start to be used by lending institutions?

Your credit information is used by lending institutions to assess your creditworthiness, thus, if you want to know why you are getting declined, it is imperative that you obtain a copy of your credit history.

A term frequently used by lending institution as applied to ownership of real property acquired for investment or as a result of foreclosure.

Not exact matches

To tweak interest rates, the Fed adjusted the federal funds rate, also known as the interbank lending rate, which is used by financial institutions to set the prime rate, or the base rate upon which other interest rates are set.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Despite increase in our debt profile, it is still believed that Nigeria can borrow from the International financial institutions and use it to reflate the economy by quickly taking the advantage of the credibility of President Muhamadu Buhari which is a good leverage because some international financial institutions are ready to lend us money for infrastructural development.

RBFCU's lending policy prohibits the practice of using an appraisal ordered by the property's seller or another financial institution.

The only way to get a report with the scores is to pay for it but be careful there are companies that have their scoring system that is not used by most lending institutions.

Generally speaking, your FICO (fair issac corp.) score is used the most frequently by lending institutions.

Thinking banks are the first and best place to go for a mortgage Mortgage brokers can often beat the bank rates by using different lending institutions.

It uses a mathematical formula developed by the Fair Isaac Corporation, and was designed to help lending institutions and other credit companies determine the risk of lending money, or issuing credit to their potential customers.

FICO credit scores are used internationally and are the standard credit score used by most lending institutions and consumers in the U.S..

By using the iHelp application process, it allows students and parents to complete the paperwork and see if they can actually qualify for a loan at a particular institution, without the hassle of doing it several times for several different lending institutions.

This program insures mortgage loans made by private lending institutions to finance the purchase of a used or new manufactured home.

Most lending institutions are able to create copies of your credit report using the information given to them by Canadian credit bureaus Equifax and TransUnion.

The Vantage credit score that Quizzle provides is used by thousands of lending institutions and credit card companies to evaluate your credit, but it is not a traditional «FICO» score.

With the safe bucket covered and generating passive, tax advantaged income, they then have the freedom to entertain opportunities such as real estate, business start ups, private lending and other lucrative opportunities by borrowing money at favorable rates, often from the mutual insurance companies general account using their policy cash value as collateral, or shopping the rate to other financial institutions to see who is most competitive.

It may be early days in Canada for fintechs, a catchphrase for new innovative financial technology startups, and major technology companies that are challenging traditional financial institutions on their turf by offering cheaper and easier - to - use Internet - or smartphone - based services such as payment apps or peer - to - peer lending or digital currencies, but Canada's Big Six banks are paying heed even though they appear to be on solid ground.

Its digital technology is also used for automated lending by institutions such as Banco Santander, Scotiabank and ING Groep NV.

Chuck has been called upon by lending institutions to help draft internal guidelines used to evaluate the potential environmental risk a site may present prior to making a loan.

MIS consistently provides timely title searches, valuation reports, and settlement services to lending institutions while maintaining the highest standards of quality through the effective use of technology delivered by a well - trained, professional staff.

One of the reasons mixed - use projects can be hard to finance is that this type of commercial development is sometimes seen as riskier by many banks and lending institutions.