A sub-prime loan generally denotes a loan that has a higher interest rate than a prime rate loan. Sub-prime loans are meant and useful for people with poor or limited credit history. The reason behind attaching a higher interest rate is to cover the high risks involved in lending to prospective sub-prime borrowers.
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About Sub Prime Lending
Posted by davidguide on February 1st, 2010
Posted in subprime Lending 
Tags: Business, Credit history, Credit score, Financial services, Loan, Mortgage, Mortgage loan, subprime Lending 
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