A borrower with poor credit who pays more than prime borrowers. Sub-prime lenders specialize in dealing with these.
Related information about subprime borrower:
- Subprime lending - Wikipedia, the free encyclopedia
In finance, subprime lending (also referred to as near-prime, non-prime, and second-chance lending) means making loans to people who may have difficulty ...
- Are you a subprime borrower? (Page 1 of 2)
The industry label you may not even know will hurt your wallet when you need a loan.
- Subprime Borrower Definition | Investopedia
A person who is considered a higher-than-normal credit risk. Subprime borrowers typically have a below-average credit history and are penalized for their poor ...
- Subprime Borrower Definition
A subprime borrower is someone whose credit history is less than desirable. A subprime borrower is assumed to be a higher credit risk than someone with ...
- Subprime - Definition of Subprime Borrowers and Lending
Finally, subprime borrowers are often the targets of scam artists because a subprime borrower is typically more desperate to get a loan (they might also be ...
- Confessions of a subprime borrower | The Economist
May 15, 2009 ... LAST week I noted that most people with subprime loans got them after refinancing homes initially bought with a prime loan. That suggests ...
- Why HARM the Subprime Borrower?
Why HARM the Subprime Borrower? By Rajdeep Sengupta and Yu Man Tam. The hybrid adjustable rate mortgage or hybrid ARM (prophetically, the acronym is ...
- Why HARM the Subprime Borrower? - St. Louis Fed - Federal ...
the subprime borrower. The date at which the payments reset into an indexed rate (for example, LIBOR plus 6 percent) was typi- cally two or three years after the ...