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Where can one find information about high risk credit card processing?
High risk credit card processing is the generation of a credit card for someone with poor, or bad credit, and are likely to default on the debt. The site, highriskpay, has information about it.
What does your credit score have to be to be considered a high risk loan?
Generally, anything under 620 is considered to be a high risk loan. For example, should you apply for an FHA home loan, your credit score has to be at least 620. Credit scores are considered a high risk loan when they reach 620 or lower. Once it reaches above 620, but below 650, it is still looked at as risky, but no longer as "high risk."
What do creditors look at when assessing if one is a high or low credit risk?
A high credit risk is a person who owes a lot of money already or does not have a steady income. A low risk person owes little to no money and has a good, solid income.
What are the dangers of high yield money market trading?
Some danger of high yield money are: Credit risk, currency risk, duration risk, political risk and taxation adjustment risk. Reinvestment risk and market value risk.
What are the advantages of a high risk credit card?
The advantages of a high risk credit card are easy to manage, one can access their account from all national and international locations, it is scam free and is very easy to use.
How does the credit score affect your buying power?
If your credit score is low (perhaps through defaulting on previous loan agreements or failing to pay credit cards on time) - it signifies to anyone who searches your credit history - that you are a high risk. People who are high risk debtors are more likely to be refused future credit (or only offered high interest credit) - until they can prove they are more disciplined in managing their debts.
Are interest rates high when unemployed people take out a loan?
It depends on how your credit rating is, or what your income is. If they consider you a high risk, you may not get a good interest rate. When you are unemployed, you may be considered a high risk.
Could you get a credit card with a 528 score?
probably not, because your consider high risk to the merchant/lender. you probably have some high balances, slow payments and too many active credit cards or/and new credit cards
What is the lowest possible credit score you must have to obtain a bad credit loan?
In order to obtain a bad credit loan a person has to have a credit score is 620 anything below that would be considered high risk.
Why would one require high risk insurance?
A person would require high risk insurance for many reasons. A person may require a high risk car insurance because they have been involved in many accidents or had their license suspended. A person may need a high risk loan because their credit is poor or they might have declared for bankruptcy before.
What is rigging and dogging?
Rigging and dogging is considered to be a high risk job. These jobs are associated with mining and construction sites.
Is it possible to get a loan with bad credit?
Some agencies will accept high risk people with bad credit to receive a loan. It is still possible to receive a loan despite having bad credit.
