Investors may be less willing to fund riskier loan applications, so approved
borrowers with shaky credit can sometimes fail to receive funding or receive less than their requested amount.
These loans are often made to
borrowers with shaky credit or those who can't come up with the 20 percent down payments required for conventional loans.
In our opinion, the way that Kabbage evaluates potential borrowers makes its line of credit a strong fit for business
owners with shaky credit.
Balboa Capital is also willing to work with all credit scores above 560, which may help borrowers
with shaky credit profiles qualify for funding.
With little fanfare, the firm began aggressively hedging its exposure to home loans, in particular mortgages to borrowers
with shaky credit histories.
In our opinion, the way that Kabbage evaluates potential borrowers makes its line of credit a strong fit for business
owners with shaky credit.
You also know that banks are more and more hesitant to lend money, especially to
those with shaky credit.
And
those with shaky credit or other financial problems may not qualify for a mortgage at all.