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Sub-Prime Borrower

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Sub-Prime Borrower

A borrower who does not meet the underwriting requirements of mainstream lenders.

Sub-prime borrowers pay more than prime borrowers and are sometimes taken advantage of. See Predatory Lending.



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Sub-Prime borrower in Limbo According to the latest Mintel, one third of the UK mortgage borrowers are facing financial difficulties and 1.
It means more than pounds 13billion of loans held by both prime and sub-prime borrowers are now in default.
S&P's data showed that those sub-prime borrowers falling 90 days or more behind edged into double figures at 10.
 
 
 
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