The phrase
"unqualified borrowers" refers to individuals who are not eligible or suitable to borrow money or receive a loan from a bank or financial institution because they may not meet the necessary criteria, such as having a good credit history, stable income, or sufficient collateral.
Full definition
Synonyms for individual words can be found below.
«unqualified»
«borrowers»
Sentences with «unqualified borrowers»
- When the bank denies you for a low - interest consolidation loan, these financial companies will often approve unqualified borrowers. (nomorecreditcards.com)
- Unfortunately, subprime loans were a gateway for unqualified borrowers as income was often stated or hardly verified. (fhaloanpros.com)
- Similar to a Payment Discount, but implies either an unusually large initial rate discount or an attempt by the lender to lure an otherwise unqualified borrower into the mortgage. (foundationmortgage.com)
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sentences)