Uncreditworthy

Uncreditworthy

Describing a person or company unable to borrow money. An uncreditworthy person or company may have defaulted on a previous loan, overspent in the past and/or may not have sufficient history to establish credit. Individual creditworthiness is measured by the FICO score, while a company's or other organization's creditworthiness usually is measured by its credit rating.
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affordable housing requirements imposed by the Community Reinvestment Act and/or imposed on the government-created housing finance giants Fannie Mae and Freddie Mac, resulting in lending to uncreditworthy borrowers
In addition, Administration underwriting standards will likely cause many parents to be uncreditworthy or ineligible for loans that they would take out for their children.
Other measures include offsetting delayed dues with payments made to the company or individual by the state -- where applicable, immediate payment of court orders up to e1/4500, civil servants who owe the state should have the amount deducted from their salary, drafting a general policy of collecting dues, banning companies who owe money from taking part in public contracts and creating a registry of uncreditworthy company directors and shareholders who would be banned from setting up a new company for five years.
Unbanked and uncreditworthy only a sliver of users?
In both the United States and Europe, greedy, poorly supervised banks made loans to uncreditworthy consumers.
According to von Thadden (2004), this is consequence of a dynamic process where creditworthy clients stay with their main relationship lender while uncreditworthy clients switch to multiple lenders.
Hence loans were made to uncreditworthy borrowers, and then packaged up into complex securities.
some cases clearly uncreditworthy borrowers not only received loans from
Yet the Community Reinvestment Act (CRA) pressures banks to make loans to such uncreditworthy customers as a condition of doing business.
Pimps and prostitutes get attention, but the serious side of ACORN is what it contributed to the financial crisis by bullying banks into giving mortgages to uncreditworthy applicants and the corruption the group has fostered with dubious voter-registration drives.
Second, highly liquid banks imprudently funneled cheap credit to uncreditworthy borrowers: the fiscally challenged and inflation-prone countries of Latin America and Africa ha the 1970s, the ninja (those with no income, no jobs, no assets) subprime mortgagees of the current crisis.
1 million in combined volume effects (the displacement effect to Brazilian producers and exporters of uncreditworthy U.