Classification of financing provided to customers with low credit qualifications. B/C Loans have higher interest rates than loans provided to better-credit customers, because the lender is shouldering more of the risk with low credit customers. Customers obtaining a B/C Loan can use it to rebuild or establish a better credit score by making payments on time.
Related information about B/C Loan:
- B/C Loan Definition | Investopedia
A classification of loans associated with the borrowers that have tainted or limited credit histories. Generally, B/C refers to any loan that is classified as subprime, ...
- B/C Loan - Financial Dictionary - The Free Dictionary
A loan that is made at a higher interest rate than most other loans. Subprime loans are made to borrowers who do not qualify for ordinary loans because of bad ...
- What is B/C Loan? definition and meaning
Definition of B/C Loan: Classification of financing provided to customers with low credit qualifications. B/C Loans have higher interest rates than loans provided ...
- Creative Financing
If you feel you have unusual circumstances that would scare the bank, ask about a B/C loan to see if indeed creative financing was all that you needed (be sure ...
- How Do I Get a Home Loan With Poor Credit? | Home Guides | SF ...
References. Investopedia: B/C Loan Definition. Resources. Equifax · Experian · TransUnion. About the Author. Maryland resident Heide Braley is a professional ...
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This increase in revenue is a combination of the increased marketing efforts in the B/C loan area along with investor commitments to buy bulk loan packages.
- Freedom Mortgage
Freedom Mortgage offers a full menu of loan programs that include conventional, home improvement, special first time buyer programs, B/C loan programs for ...
- A Practitioner's Guide to European Leveraged ... - Latham & Watkins
packages incorporating only B/C loan tranches such that the borrower group just had to service its interest payments with no amortising debt payments to make ...