Sentence examples for determine creditworthiness from inspiring English sources

With that, the company uses its own algorithms and data sources to determine creditworthiness and make a decision in minutes.

Their reports are used to formulate the all-powerful credit score, which lenders use to determine creditworthiness.

The company operates digitally, rather than out of a storefront, and has been the subject of enthusiastic profiles throughout the tech media, though some of its tactics have raised eyebrows, including its use of social media to determine creditworthiness.

The simple answer is to focus on the information that is used to generate the all-powerful FICO score — the measure used most frequently by traditional lenders to determine creditworthiness.

In addition, available credit does not reach those who need it the most and with whom it could have the greatest impact due to the application of inappropriate screening procedures and criteria to determine creditworthiness.

Lenders can comply with the new law, which is essentially an update to the Fair Credit Reporting Act, by sending you one of two notices, said Careen Foster, director of scores product management at FICO, the company that developed the FICO credit score, the measure used most frequently by traditional lenders to determine creditworthiness.

A review into using "length of time with the same bank" as one of the factors for determining creditworthiness.

We have an algorithm that determines creditworthiness on a live basis without using FICO scores.

Looking back, Lowman said, "many lenders were lulled to sleep by FICO scores," the rating system developed by Fair, Isaac that has been the standard for determining creditworthiness.

"The changes to the SOP by the 7(a) Small Loans Credit Amendment are intended to streamline the underwriting process for 7(a) Small Loans by placing more emphasis on the SBA credit score in determining creditworthiness of a Small Business Applicant," she says.

"As it relates to determining creditworthiness, traditional credit scores are based on incomplete information, and regulation has shackled traditional lenders in the way they have defined acceptable risk limits for banks". The current climate makes it difficult for many consumers to "prove" that they should be approved for loans, even if their financial habits are practically perfect.