Tag: loan

Blog | jnadealerprogram.com

Using a credit card to make your payments and stop putting any student loans in default may seem like a smart idea if you’re struggling to keep up with your payments. But it can be expensive to use a credit card for your payments. Higher Debt-to-Income Ratio You’re rising the amount of debt you have by moving your payments to credit cards. This will cause your ratio of debt-to-income (DTI) to increase. Your credit score can be adversely impacted by a higher DTI ratio and find it harder to apply for other forms of credit. [more]


Blog | jnadealerprogram.com

For the next few minutes, let’s say that you’re a lender. Three business-loan applications land on your desk one afternoon. Francis has one. Martha’s Another One. And the third is from a local woman with the hope of expanding her day-spa business. Like many lenders, you begin to judge each application by the parameters known in your industry as The Five C’s: Cash Flow, Capital, Conditions, Collateral, and Character when it comes to deciding to fund or not to fund. In several ways, for decades, those five things were part of the secret of How [more]