Tag Archives: credit history

Startup Offers Payday Reimbursed Loans | PaymentsSource

A former Citigroup executive has raised about $9 million in a new round of seed funding for Paywallet, which extends credit to borrowers whose repayments come from their paychecks. Jacksonville, Florida-based Paywallet has piloted the concept for the past two years and plans to officially launch its product this year using a new round of […]

My engineering business loan application was rejected

My engineering business loan application was rejected Rejecting a business loan application can feel like the end of the world for many construction and engineering business owners, especially when you were relying on that loan to cover a significant cost of your business. If you are unlucky enough to experience this type of rejection, it […]

Improve your personal loan application

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, who we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”. Whether you need money for home renovations, medical bills, […]

Loans: tips for validating your loan application

Avoid applying for too many loans at once as this will only hurt your score and lead to more rejections The rejection of the loan APPLICATION can occur for several reasons. The typical reason for this is inconsistency and late payment of your debts. It can also happen if you don’t know how your adverse […]

What Happens When You Apply For An SBA Loan And It Is Denied?

BOWLING GREEN, Ky. (WBKO) – With many businesses and homes damaged and destroyed by recent tornadoes in Bowling Green, many people are now trying to pick up the pieces, rebuild and move on. Last week, WBKO News reported about a man whose business on the ring road was destroyed by tornadoes. He applied for an […]

Why was my business loan application rejected? – Rochester Minnesota news, weather, sports

For business owners, it’s a terrifying situation: You were going to get that business loan, but the bank turned it down. Over the past few months, several small business CEOs have faced the problem of not having their business loan application approved and have asked for help. Sharita Humphrey is an award-winning finance expert and […]

How To Get A Home Loan Approval In 2022

You’ve done the hard work of saving up for a deposit for a property, only to find the job isn’t done when it comes time to apply for a mortgage. And getting mortgage approval is only going to get more difficult in 2022. First, APRA has increased the “stress test” for home loan applicants to […]

Canceling a Loan Application: What to Expect

What to do if you cancel your loan application Loans are great helpers when it comes to quick access to money, easy and paperless application and reliable online lenders. The online application is what grabs the attention of potential borrowers. Who needs conventional banks with their queues and high fees when you can fill out […]

Auto Expert Houston Launches New Used Car Loan Approval Program Despite Bad Credit

Auto finance credit approved quickly and easily for customers with credit history issues HOUSTON, UNITED STATES, October 24, 2021 /EINPresswire.com/ – Auto Expo Houston today announced the launch of its new “Bad Credit Auto Finance Program” for customers who need a car but are reluctant to buy one based on their credit history. Since the […]

Potential Reasons Your Debt Consolidation Loan Application Was Rejected

Getting out of debt is a long and complex process. Before you consider applying for a consolidation loan, start with a debt repayment strategy. There are many popular ways to pay off debt, but we recommend that you compare the snowball against avalanche strategies because they are designed to use your natural motivations to stop […]

Auto Expo Houston Launches Used Car Loan Approval Program For Bad Credit

Auto finance credit approved quickly and easily for customers with credit history issues HOUSTON, UNITED STATES, October 8, 2021 /EINPresswire.com/ – Auto Expo Houston, a used car dealership dedicated to providing the ultimate used car shopping experience, today announced the launch of its new bad credit auto finance program for customers who need a car […]

The payday lender that billed 16,734,509.4% | Payday loans

MMost of us know that payday loans can be a horrifically expensive way to borrow money, with Wonga.com charging interest rates of 4,000% APR or more. But if you thought that was as bad as it gets, take a look at the loan agreement sent to Adam Richardson and the APR listed: a jaw-dropping 16,734,509.4%. […]

Increase Chances Of Auto Loan Approval With Bad Credit

Having a bad credit rating up front can be a big drawback when looking to take out a car loan. However, there are lenders who help borrowers with credit problems, and we have some tips to increase your chances of qualifying for vehicle financing. Step 1: Know your credit situation When you apply for new […]

The Five Cs of Effective Loan Application

There are many reasons why you should take out a loan. With natural disasters and misfortunes happening all year round, it is almost impossible not to get a home loan, payday advance loan, additional business financing, or even a credit builder loan, especially s it’s about fixing your home, as emergency money when the going […]

Home loan application rejected? Here’s what you need to do now

“Your mortgage application is rejected! The above sentence of being turned down by a home loan lender can be a huge disappointment. Did you know that more than 40% of mortgage loan applications are refused each year by a financial institution? Countless people have had their home loan applications turned down for one reason or […]

Why the Fixed Bond to Income Ratio (FOIR) May Affect Your Loan Application

However, if you don’t have an adequate emergency fund, your first priority would be to keep that surplus aside. Any higher amount should be used to reduce your liability. Banks or NBFCs usually focus on various aspects before approving a loan to a borrower. Rohit Garg, Co-Founder and CEO of Smartcoin, says, “There are three […]

How to increase your chances of getting a home loan

If you are considering buying a home, you are probably wondering how to increase your chances of getting approved for your home loan. Each lender usually has their own loan and approval process. For first-time buyers, it can be a little confusing not knowing if you will actually be successful. But fear not, there are […]

Authorities warn of student loan application scam – Winchester Sun

FRANKFORT, Ky. – Attorney General Daniel Cameron and the Kentucky Higher Education Assistance Authority (KHEAA) joined forces today to alert Kentucky consumers to an identity theft scam involving student loan applications and ‘financial aid. The attorney general’s office and KHEAA have seen an increase in the number of crooks attempting to apply for student loans […]

Cameron, KHEAA alert consumers to student loan application scam E! News 40

Photo file FRANKFURT, Ky. –Attorney General Daniel Cameron and the Kentucky Higher Education Assistance Authority (KHEAA) joined forces on Monday to alert Kentucky consumers to an identity theft scam involving student loan and financial aid applications. The attorney general’s office and KHEAA have seen an increase in the number of crooks attempting to apply for […]

Is your mortgage application rejected? These may be the reasons

With home prices and mortgage interest rates becoming more affordable, now is the time to take out a home loan. Not only does it help you take an important milestone in life, it also gives you an asset to count on during uncertain times. However, you can only get a loan on favorable terms when […]

Loan application made easy with the Tala app – Back End News

Citing the 2019 Financial Inclusion Survey, personal finance app Tala said the Bangko Sentral ng Pilipinas (BSP) reported that 51.2 million Filipinos, or 71% of the total adult population, do not are still not banked. Heeding BSP’s call for financial inclusion, Tala said it aims to help unbanked Filipinos use, protect and grow their money […]

Consider these tips before clicking Submit

You have bold plans and you want the bank to lend you money to help you realize your business idea. Obviously, going to the bank with a solid business plan is important, but what does it actually look like? And what other factors matter in getting you approved or rejected for a business loan? Bendigo […]

A quick guide to the loan approval process

Do you want to drive a car? Own a house? Go to the University? Consolidate your debt? Finance your wedding? If you answered “yes” to any of these questions, chances are you will need to apply for a loan at some point. If you do, don’t feel bad; more than half of americans say they […]

What to do if your mortgage application is rejected

With lower interest rates and motivated sellers, homeownership has never been more accessible. However, very few of us are able to finance the purchase without the help of a home loan. And while ooba Home Loans reports that 80.7% of its applicants successfully secured mortgage financing in the first quarter of 2021, 15% of applicants […]

What can you do if your mortgage application is rejected

With reduced interest rates and motivated sellers, homeownership has never been more accessible. However, very few of us are able to finance the purchase without the help of a home loan. And while Ooba Home Loans reports that 80.7% of its applicants successfully secured home loan financing in the first quarter of 2021, 15% of […]

United Arab Emirates: Is Your Loan Application Still Rejected Despite Good Credit? here’s why

Credit history plays an important role in a bank’s decision to get a loan Image Credit: Shutterstock Dubai: If your loan applications continue to be rejected despite a good credit history, there may be some common reasoning as to why. Your debt ratio, or simply debt ratio, is detrimental to lenders who decide whether or […]

Instant Home Loan Approval – Are You Eligible?

While other lenders grapple with long lead times and awkward approval processes, fintech Nano has launched a new home loan where loan approval is granted on the spot. What’s the catch? The new home loan is offered by Nano, which is “not a traditional lender,” co-founder Andrew Walker told Finder. “It’s a financial technology company […]

Loan application rejected? Here’s how you can still get a loan

Loan application rejected? Here’s How You Can Still Get A Loan Photo credit: PTI New Delhi: Credit score is one of the key parameters that is carefully used by all commercial banks, microfinance institutions, non-bank financial corporations and other cooperative lenders in deciding an individual’s eligibility for a loan. A credit score is a conclusive […]

5 things to follow to prevent your loan application from being rejected

NEW DELHI: Applying for a personal loan is easy these days. You just need to fill in the basic information online and with a few clicks, your loan is approved. However, on the other hand, the unsecured nature of the loan prompts lenders to take a cautious approach when approving personal loan applications. Here are […]

You should apply for a Parent PLUS loan, even if you will not qualify

March 31, 2021March 31, 2021Student loan repaymentFeatured, Parent Loans, Pay For College, Student Loans1036Elyssa KirkhamSEO Updated March 31, 2021 Note that the student loan situation has changed due to the impact of the coronavirus outbreak and the relief efforts of the government, student loan lenders and others. Check out our Student Loans Hero Coronavirus Information […]

Reasons why the student loan application may be rejected

Students who are already using credit and have a bad credit history indicated by a low credit score will have a hard time getting a loan approved in the first place. Normally, when there is doubt about the borrower’s repayment capacity, lenders can refuse the loan. It can also come from low income or an […]

Education loan application rejected? Maybe these are the reasons

Education loan application rejected? Perhaps these are the reasons | Photo credit: Getty Images New Delhi: Education, especially higher education, has become very expensive over the past decade. Nowadays, many are unable to finance their child’s higher education, and under circumstances like these, student loans have become popular. Some children who wish to pay for […]

How Your Credit Score Affects Personal Loan Approval

Before resorting to personal finance, the most important factor that you need to consider is your creditworthiness. Does the term mean anything to you? Creditworthiness is determined by your credit score which is a critical factor in your Personal loan application process. You wonder how? Keep reading to find out. What is a credit score? […]

Top reasons why your mortgage application continues to be rejected

Top reasons why your mortgage application continues to be rejected Image Credit: Provided Before even finalizing your home, it is obvious that you need to do some thorough research on the different types of lenders, interest rates, etc. Since mortgage loan is a crucial credit that can last for more than two decades, you must […]

Improve Your Chances Of Loan Approval By Following 4 Simple Steps

There is no single formula for obtaining approval for a loan application. Some basic requirements such as credit score and income vary from lender to lender. Additionally, some online lenders will consider non-traditional data such as education level or free cash flow. However, all loan companies have one thing in common: they want to be […]

How Does a Mortgage Affect Auto Loan Approval?

When you apply for a car loan, the lender looks at many aspects of your financial situation and overall stability. This means that the lender you are applying to for auto financing will likely consider your life situation, including your mortgage payment. Apply for vehicle financing with a mortgage Lenders verify your residence when you […]

After a hangover? Pay attention to the impact on mortgage loan approval

In the wake of Christmas spending, a financial expert warned that your post-payment habits could negatively impact your mortgage application. Too frequent use of services like Afterpay has the potential to impact your loan application in two ways: first by lowering your credit score and by demonstrating bad money management habits to your lender. mortgage. […]

Average loan amount increases by £ 800 in 2020

Analysis of data from MoneySuperMarket shows that while the average amount borrowed decreased by £ 109 in 2019, it increased by £ 793 (7%) in 2020, with the average loan now standing at £ 11,834. In 2019, the average loan size fell in 72% of UK regions, with more than half (53%) seeing a decline […]

3 Things To Increase Your Chances Of Car Loan Approval

If your bad credit is preventing you from getting a car loan, it’s time to look at other options and the next possible step. There are things you can do to improve your chances of getting your next car loan. Auto loans and your credit score Traditional auto lenders, such as banks, credit unions, or […]

How to Increase Your Chances of Getting Personal Loan Approval

Do these five things before you apply. (iStock) The total number of personal loans borrowed by Americans peaked at $ 162 billion in the first quarter of 2020, according to TransUnion. However, the growth rate towards the end of the quarter was also the slowest in more than two years, the credit reporting agency said. […]

How long should your personal loan be?

Ready to take out a personal loan? Discover the advantages of opting for shorter loan terms here. (iStock) As the United States faces economic uncertainty, many consumers are considering personal loans. If you are looking for a loan to help cover your expenses now, you need to pay attention to the loan term in order […]

Your loan application could be rejected even with a good credit rating

Credit scores represent the borrower’s credit history as recorded in their credit reports. Due to the pandemic, large numbers of people have faced a huge financial crisis, especially during the lockdown. However, even after the lockdown was lifted, things were far from being back to normal, financially. During this period, there are still people who […]

Open banking and its impact on your personal loan application

Australia’s banking industry recently introduced “open banking,” a new style of banking that gives customers control over their data. Whether you’re looking for a new home loan, personal loan, or credit card – or looking to refinance – open banking should make it easier for you to find better deals between banks. First of all, […]

Loan Application Rejected Despite High Credit Score? These may be the reasons

Credit rating is a primary indicator of credit worthiness. A good credit rating is considered important in obtaining loan approval from any bank or other financial institution. But sometimes, despite having a good credit rating, the loan application can be rejected. This is because lenders may also consider other factors in lending money. “Lenders work […]

Say “no” to long car loan terms when you have bad credit

A bad credit score usually means a higher auto loan interest rate, which is exactly why you should go for the shortest loan term you can afford! The cost of long-term loans Unless you qualify for a 0% new car deal, you will need to pay interest charges over the life of your loan. The […]

5 Smart Ways to Increase Your Chances of Loan Approval During Covid-19

While the ongoing lockdown is likely to impact your loan processing and disbursement due to limited staff and working hours, keeping these five tips in mind will definitely increase your chances of loan approval . Loans act as an invaluable bridge to bring us closer to achieving our financial goals, such as owning a house, […]

12% of Americans have no chance of getting good loan terms

When most of us go to take out a loan, we’re worried about getting the best interest rate possible, but those with bad credit are more concerned with whether they’ll get approved in the first place. If they are, they often have to take what they can get because few lenders want to work with […]

What are your chances of personal loan approval?

Thinking of applying for a personal loan? Here are the odds of you being approved. Personal loans can be a cost-effective way to borrow. The interest rate on personal loans is often lower than the rate you would pay on other types of debt, such as credit card debt. And you can use the personal […]

How HDFC is redesigning systems to offer loan approval, disbursement in 10 seconds

In the initial phase of the digital journey, the target was the urban market, but later HDFC Bank decided to also tackle the semi-urban and rural pockets. Behind all this, the objective was to expand the business and break the myth of the so-called base effect, which slows down the growth rate of […]

Definition of the maximum loan amount

What is the maximum loan amount? A maximum loan amount, or loan limit, describes the total amount of money an applicant is allowed to borrow. Maximum loan amounts are used for standard loans, credit cards, and line of credit accounts. The maximum will depend on several factors, including the creditworthiness of the borrower, the duration […]