Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. NEW YORK, March 15, 2022 (GLOBE NEWSWIRE) — Small Business Loan Approval Percentages at big banks ($10+ in assets) went from 14.5% in January to 14.7% in January, and small banks‘ Approvals also increased, from 20.3% […]
Tag Archives: credit scores
01
Mar
Mar
As efforts to implement a national rate cap stall, more states are considering banning consumer loans with annual percentage rates above 36%. New Mexico lawmakers recently approved a 36% rate cap, which would reduce the state’s current maximum APR by 175%. It now awaits the governor’s signature. Lawmakers in Rhode Island and Minnesota are considering […]
Loan approval
ClearScore Australia releases the confidence to understand your chances of loan approval
07
Feb
Feb
ClearScore Trust: Empowering consumers to make better lending decisions Key points: ClearScore is launching a new feature for its Australian users: ClearScore Trust. ClearScore Trust helps users understand their chances of approval on their loan applications. The feature is currently available for personal loans and will soon include car loans, followed later by credit cards. […]
Loan application
FTC settles with loan application company over alleged misuse of sensitive personal information
12
Jan
Jan
On January 6, 2022, the Federal Trade Commission reached a $1.5 million settlement with loan application firm ITMedia Solutions LLC (“ITMedia”) regarding alleged violations of the FTC Act and the Fair Credit Reporting Act (“FCR”). The FTC alleged that ITMedia deceptively acquired and indiscriminately shared consumers’ sensitive personal information under the guise of connecting them […]
Loan approval
Biz2Credit Small Business Lending Index ™ for December finds loan approval rates continue to rise, but at a slow pace
11
Jan
Jan
Approval percentages at large banks, small banks, institutional lenders, alternative lenders and credit unions are still about half of what they were in December 2019 NEW YORK, January 11, 2022 (GLOBE NEWSWIRE) – Small business loan approval percentages in big banks ($ 10 + in assets) fell from 14.2% in November to 14.3% in December, […]
03
Jan
Jan
The payday loans available in california online are among the most reliable option for those who require immediate cash. These loans are great for emergency situations such as repair of your car, unexpected medical bills as well as other financial issues that are too fast to be budgeted for. In actuality payday loans can save the day […]
03
Jan
Jan
Lenders that target struggling borrowers for loans with triple-digit interest rates have overcome yearslong efforts to restrict their lending and are pitching their products to consumers in need of cash during the coronavirus pandemic. They sidestepped state crackdowns by joining with out-of-state banks to offer loans and now are bypassing ad bans put in place […]
22
Dec
Dec
By Aakshit Rajput Small businesses need financing to grow. And getting funds for your business can seem like a big challenge. Well that was the truth a few decades ago, but now small business loans are one of the simplest financial tools available to you. Through several government initiatives to stimulate local businesses and innovative […]
Loan approval
Biz2Credit Small Business Lending Index ™ for November Finds Loan Approval Rates Continue to Rise at Banks and Non-Bank Lenders
08
Dec
Dec
The approval percentages of large banks, small banks, institutional lenders and alternative lenders are increasing; Credit unions stagnate in November NEW YORK, December 8, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 14.1% in October to 14.2% in November. During this time, small banks” […]
Loan approval
Biz2Credit Small Business Lending Index ™ for October Finds Loan Approval Rates Rise at Banks and Non-Bank Lenders for Sixth Month in a Row
09
Nov
Nov
Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. NEW YORK, November 09, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 14% in September 2021 to 14.1% in October. During this time, small banks” approvals also fell from 19.5% in September […]
Loan application
loan application: Are you looking for a loan? Here are 5 eligibility factors that may affect your loan application
22
Oct
Oct
Today, one can apply for a personal loan online or instant in a few quick and easy steps since these loans are unsecured. If you meet the personal loan eligibility criteria, the instant loan could be disbursed within minutes. Hence, these loans can be more useful in case of unforeseen events or unforeseen expenses. Nevertheless, […]
21
Oct
Oct
ANI | Update: October 21, 2021 1:27 PM STI New Delhi [India], October 21 (ANI / NewsView): Today, one can apply for a personal loan online or instant in a few quick and easy steps since these loans are unsecured.If you meet the personal loan eligibility criteria, the instant loan could be disbursed within minutes. […]
13
Oct
Oct
Small business loan approval percentages at large banks (or those with $ 10 billion or more in assets) fell from 13.9% in August to 14% in September. At the same time, approval rates for small banks rose to 19.5% in September, from 19.3% the month before, according to the latest Biz2Credit Small Business Loan Index. […]
Loan approval
Biz2Credit Small Business Lending Index ™ for September sees loan approval rates increase at banks and non-bank lenders for fifth consecutive month
12
Oct
Oct
News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here. NEW YORK, October 12, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 13.9% in August 2021 to 14% in September. During this time, […]
04
Oct
Oct
sirtravelalot / Shutterstock.com Editor’s Note: This story originally appeared on Smartest dollar. Pent-up demand due to the coronavirus pandemic, low interest rates and shortage of properties have created a booming housing market with levels of refinancing activity. While the values ​​of typical houses have increase By 15% from a year ago, the housing market is […]
16
Sep
Sep
Low-cost, short-term lenders, unencumbered by a maximum federal interest rate, can charge borrowers rates of 400% or more on their loans. But more and more states are reducing that number by setting ceiling rates to curb high-interest lending. Currently, 18 states and Washington, DC, have laws that limit short-term loan rates to 36% or less, […]
16
Sep
Sep
What Might Change With US Online Payday Policy In 2021 If you need credit, it’s easy to fall victim to predatory lending. Online personal loan It is one of the easiest solutions you can take when you need cash immediately. It’s an option that even people with poor credit can use, so it seems attractive […]
15
Sep
Sep
Small business loan approval percentages in large banks (over $ 10 billion in assets) fell from 13.8% in July 2021 to 13.9% in August, up three tenths of a percentage from a year ago. Meanwhile, approvals of small banks also fell from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Index […]
Loan approval
Biz2Credit Small Business Lending Index ™ for August Finds Loan Approval Rates Rising at Banks and Non-Bank Lenders
14
Sep
Sep
NEW YORK, September 14, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (over $ 10 billion in assets) fell from 13.8% in July 2021 to 13.9% in August, up three tenths of a percentage from a year ago. During this time, small banks” approvals also fell from 19.1% in July to […]
06
Sep
Sep
The pent-up demand due to the pandemic, low interest rates and a shortage of properties have created a booming housing market with near-record levels of refinancing activity. While typical home values ​​are up 15% from a year ago, the housing market is expected to remain warm in many cities through the end of the year […]
Loan approval
Massachusetts has 14th highest mortgage approval rate in the United States – Framingham SOURCE
04
Sep
Sep
In all transparency, here is a press release *** BOSTON – pent-up demand due to the pandemic, low interest rates and a shortage of properties have created a booming housing market with near-record levels of refinancing activity. While typical home values ​​are up 15% from a year ago, the housing market is expected to remain […]
18
Aug
Aug
Applying for a home loan on the basis of an optimal IME would improve your chances of obtaining a home loan Owning a home is truly rewarding. The feelings associated with owning a home cannot be equated with anything else. But, lenders take a very cautious approach when evaluating mortgage applications, especially those involving the […]
18
Aug
Aug
The outbreak of the coronavirus pandemic has proven that it is necessary to prepare funds for future needs and emergencies in advance. Whether it’s reviving your business or planning for your child’s education, a loan is a big help in facing eventualities. Banks and financial institutions reject our loan applications citing reasons such as poor […]
11
Aug
Aug
According to Biz2CreditAccording to the latest Small Business Lending Index, small business loan approval percentages at large banks (over $ 10 billion in assets) fell from 13.6% in June to 13.8% in July, reaching the same percentage as last July. At the same time, approval rates for small banks also increased, from 18.9% in June […]
Loan approval
Biz2Credit Small Business Lending Index ™ Finds Loan Approval Rates Rise at Banks, Institutional and Alternative Lenders in July 2021
10
Aug
Aug
Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here. NEW YORK, August 10, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (over $ 10 billion in assets) fell from 13.6% in June 2021 to 13.8% in July, the same percentage as a year […]
09
Jun
Jun
People who are considering applying for loans should first check their credit score and try to improve it, if it is low. We have all heard of the need to have a good credit rating to increase our chances of getting our loan applications approved. Most financial experts advise people to maintain a good credit […]
09
Jun
Jun
Small business loan approval percentages at large banks (or those with more than $ 10 billion in assets) edged up from 13.4% in April to 13.5% in May, according to the latest Biz2Credit Index of Small Business Loans. In addition, approvals at smaller banks jumped from 18.2% in April to 18.7% in May. “Loan approvals […]
12
May
May
Small business loan approval percentages at large banks (or those with more than $ 10 billion in assets) edged down to 13.4% in April from 13.5% in March 2021, according to the latest. Biz2Credit Index of Small Business Loans. Likewise, approvals at smaller banks fell to 18.2% in April, from 18.3% in March. “Traditional small […]
23
Apr
Apr
Make sure you build and maintain a strong credit score to increase personal loan eligibility. Personal loan is one of the most preferred loan options for those in need of quick funds. However, its unsecured nature leads lenders to take a cautious approach when evaluating loan applications. This can result in rejection of personal loan […]
14
Apr
Apr
Small business loan approval percentages at large banks (over $ 10 billion in assets) edged up to 13.5% in March from 13.3% in February 2021, according to the index. Biz2Credit small business loan. By comparison, in March 2020, the big banks approved 15.4% of the funding requests they received. “Traditional loans from big banks increased […]
10
Apr
Apr
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 […]
31
Mar
Mar
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 […]
26
Mar
Mar
New data from TransUnion shows the average loan size in South Africa – how much the country’s citizens borrow from the bank for personal use – based on figures from the fourth quarter of last year. The results are contained in a credit bureau’s Q4 2020 South Africa Industry Insights report. They show that personal […]
23
Feb
Feb
Lying about a loan application may seem harmless at first – after all, a lender may not even verify your inflated income application or current employment status. However, intentionally lying on a personal loan application is considered fraud, and it can have real consequences. Below, we’ll take a look at how lenders verify the information […]
05
Feb
Feb
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 […]
10
Jan
Jan
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 […]
12
Oct
Oct
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 […]
06
Oct
Oct
NEW YORK, October 06, 2020 (GLOBE NEWSWIRE) – Small business loan approval percentages at big banks ($ 10 billion and more in assets) fell slightly from 13.6% in August to 13.5% in September, indicative of the difficulties facing small businesses, according to the latest Biz2Credit Index of Small Business Loansâ„¢ released today. the Biz2Credit Index […]
08
Sep
Sep
Slight declines in approval percentages at alternative lenders and credit unions NEW YORK, Sept. 08, 2020 (GLOBE NEWSWIRE) — Small business loan approval percentages at large banks (over $10 billion in assets) and small banks fell slightly in August 2020, this which indicates that the upward trend that began in May has stabilized, according to […]
07
Sep
Sep
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. […]
30
Aug
Aug
Instant auto loan approval is not impossible to obtain as a borrower with bad credit, but it is usually easier to obtain when you are in a good credit position. If you’re struggling with credit and wondering how to get instant approval, also known as pre-approval, you need to know where to start your journey […]
06
Aug
Aug
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 […]
14
Jul
Jul
NEW YORK, July 14, 2020 (GLOBE NEWSWIRE) – The percentage of approval for small business loan applications in big banks (over $ 10 billion in assets) rebounded just 11.5% in May to 13.5% in June, according to the Biz2Credit â„¢ Small Business Loan Index released today. June’s figure is still well below the record rate […]
02
Jun
Jun
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, […]
20
May
May
Small businesses are struggling to get the non-government money they need from banks to stay open, according to a new index. This at a time when they need it most. Specifically, the approval rate for small business loans fell to 8.9% in April from a record high (28.3%) in February. This is the lowest approval […]
12
May
May
NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) — The approval percentage for small business loan applications to big banks (over $10 billion in assets) fell below double digits to just 8.9%down from 15.4% in March and an all-time high of 28.3% in February 2020, according to the Biz2Credit™ Small Business Loan Index published today. The […]
04
Feb
Feb
The maximum amount of the VA loan no longer exists If you are lucky enough to qualify for a VA loan, you get some serious benefits. With no down payment requirements, no mortgage insurance, and some of the lowest interest rates on the market, a VA loan is one of the best mortgage products you […]
03
Dec
Dec
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 […]
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25
Mar
Mar
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 […]