Sentences with phrase «with no credit history because»

We have options for people with no credit history because they just moved here, but it can impact the rate.

Not exact matches

For consumers with no record of credit accounts, there's a Catch - 22: They don't have a FICO score because they don't have a credit history — and they may have trouble building a credit history without a FICO score.

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.

If you have no credit history whatsoever, they have nothing to go on, which means you'll get hit with less - than - ideal terms because lenders like to hedge their bets.

He adds that roughly 60 percent of his Millennial clients choose FHA loan products, because they usually are first - time homebuyers with high debt loads and perhaps limited credit histories,

This aspect is important because: — The company with a long business history deserves some trust credit, because that it lasts in the competitive software market means that there is some demand for their product.

During the housing boom, banks actually welcomed customers with poor credit histories because they could charge those customers higher interest rates.

Because you are financing a much smaller percentage of the total vehicle price, applicants with no credit history or an adverse credit history find leasing the better alternative.

You can have a good credit score with a bad credit (payment) history because the equations consider other factors.

Experian, Equifax and Dun & Bradstreet all heavily weigh your business's payment history, and because FICO pulls business credit scores from these bureaus, payment and trade history with suppliers and vendors will be an important part of your business's FICO SBSS score.

Getting better terms with your refinance home loan can be due to the fact that market conditions have improved since you obtained your previous loan, because of a recuperation of your credit score and history compared to the time when you requested the loan or also due to a combination of these two factors.

Because Scottsdale hard money loans are based on the equity of the property, those struggling with poor credit history can take advantage of easy approval terms.

They recognize that just because someone has a poor credit history does not mean that they do not need a financial infusion once in a while, just as with good credit borrowers.

If your price is different, it's because of coverage, previous loss history, or other factors that have nothing to do with how you use credit.

Because of the added risk that the lender takes out when granting credit to you regardless of your payment history, you can expect to pay a tad more interest than a traditional borrower with good credit who is not seen as a credit risk to the lender.

Even folks with good credit histories keep their fingers crossed when applying for various types of home loans because of the tight qualifications.

Because the lender makes loans to borrowers with thin credit history, you may be required to secure your loan with collateral (typically your paid - off, insured car).

With bad credit, getting a personal loan can prove to be quite difficult because banks don't want to take on too much risk when lending to someone who has a bad history with borrowWith bad credit, getting a personal loan can prove to be quite difficult because banks don't want to take on too much risk when lending to someone who has a bad history with borrowwith borrowing.

If you have a challenge in qualifying for a loan — such as a low credit score, a spotty job history, a high debt - to - income ratio, income from self - employment or a side business — you may want to discuss your options with multiple lenders, because you'll find more variation in the cost of the loan.

Another reason the interest rates are inflated is because the creditors are taking a risk by lending to someone with a poor credit history.

To some extent, the lenders are being fair because with bad credit loans they face an added degree of risk due to the borrower's credit history or other circumstances.

Contact Information: White Star Mortgages 7a Sandyford Business Centre Blackthorn Road Dublin 18 Ireland Mortgages Direct - They offered mortgage loans with past judgments, arrears and bad credit history in the past (We listed this lender because they may once again offer these types of loans in the future, but there is no guarantee).

I think the one most people don't realize is to keep old credit cards open because it helps with credit history.

At the beginning I not sure if I will be able to get the card because I only have 6 month with credit history and like 10 hard inquiry and my score is 677 so I think that my odds are very low but I made the decision of take the risk and finally I get approved for $ 1500, that was great and I'm very happy.

Some people with an unblemished credit history and therefore a good credit score apply for such loans at times because of an unexpected bill.

This could be for a number of reasons, such as the fact that you have a new hard inquiry on your reports or because you now have a new loan or credit card with no history of payments yet.

The program is called «streamline» because it requires no income or asset documentation and no appraisal; your current credit score with past FHA payment history is all that's needed to qualify!

This is because with every debt repaid, regardless of whether it was done through a consolidation loan or not, is marked down in your credit history.

If you are still unable to get credit, you can try get a loan with other lender because lenders may have a slightly different qualifying standards or you may wish to ask a friend or relative with an established credit history to act as a co-signer for you.

There's a reason why we're the premier title loan lender in the greater Phoenix area, it's because we work tirelessly with individuals in many situations: like bad or no credit history as well as fixed or self - employment income.

Because of that, people with low credit scores or a limited credit history may be unable to win approval for a traditional credit card.

Only recently (first in May with two cards from BoA) I left the cards open after shifting all but a couple of hundred dollars of credit line because I want to preserve the credit history of the old cards.

Because of a spotty payment record, not having enough credit history, or a low income - to - expense ratio, those customers aren't eligible for the low - interest rates landed by those with better credit ratings.

If you have a bad credit score because of missed or late payments, then getting back on track with your payments will gradually rebuild your payment history and improve your credit score.

Most of the time, hiring the services of a professional consultant turns out to be less expensive because they can make sure that you get the best terms on your home loan even if you have a bad credit history to start with.

Because you are not applying for credit with a debit card, you do not need a good credit history to apply.

Because there are other policies now in place that adequately address credit history, rental income, and financial reserves, Fannie Mae is eliminating some of the requirements specifically associated with the conversion of a principal residence

Our credit repair plans are based on quick response and not to stick you for ever with monthly payments like others credit repair companies do, if you step forward to rebuild your credit history, it's because you have something in mind that required a good credit standing; in order to achieve your goals, and not because those companies want to take advantage of your credit situation.

With my terrible credit history, because I have a job and I get a regular paycheck, they were willing to take a chance on me.

If your score is low because you got into some trouble with credit cards or you just haven't had time to build up a significant credit history (which is totally understandable when you're young), you won't be able to qualify for a private loan without a co-signer on board.

The largest two factors are your history with revolving debt (such as credit cards) and installment debt (otherwise known as loans, because they're paid off in installments.)

This move requires good credit history because lenders are not going to trust a borrower with a bad history of making debt payments.

You could have an excellent credit payment history, with multiple lines of credit going back many years, and still get turned down for a loan because of a high credit utilization ratio.

The practice was justified because it allowed otherwise good borrowers with an imperfect credit history to receive home loan financing, which in theory is said to spur the economy and increase consumer spending and employment rates.

Because of the bad effect that late payment usually has on payment history, you may want to plea with the collection agency to help you withdraw the late payment from your credit report.

The gab that home loans are not available for people with bad credit is a myth because these loans are available to people with poor credit history too.

This can happen for many reasons, most commonly due to a bad credit score, but could also be because of recent credit turbulence (bankruptcy, foreclosure, repo, ect...) or past problems with similar lenders (e.g. if you're applying for a credit card and you have a history of late payments or outstanding balances with other credit cards, your credit check may come back declined).

However, there's one technology you're on top of — on - line credit checks with Experian (EXPN: LN) or Equifax (EFX: US), because only somebody with shit credit regularly checks their credit history... And you've got ta admit, you're a sucker for ID theft / fraud companies like LifeLock (LOCK: US) & Intersections (INTX: US)-- because there's surely somebody worse off who'd love to steal your glowing credit history... [Actually, there is... in Africa!

I attended a school who lost their accreditation, one of only a few in U.S. history; however because I graduated with now a worthless degree (none of my credits transferred because the lack of sustenance to the program) I requested my loans be consolidated and applied for an Income based repayment plan due to my inability to use my degree to locate a better position.

The truth is that it is possible to secure loan approval despite bad credit because approval has very little to do with credit histories and credit scores.