adjective. (of a loan) made to a borrower with a poor credit rating, usually at a high rate of interest.
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Subprime is a credit classification for borrowers with a tarnished or limited credit history and for loans made to such borrowers.
A subprime loan is a loan offered at a rate above prime to individuals who do not qualify for prime-rate loans.
Jul 9, 2022 · Subprime refers to a consumer's credit score, which is lower than someone with good (or prime) credit. Subprime borrowers tend to have fewer ...
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6 days ago · Subprime loans are a complex subject because they provide credit availability at exorbitant costs. · Q. How do subprime loans affect your credit ...
Lending to individuals who have a bad credit history or relatively low income. A higher interest rate is charged for such loans because risk to the lender is ...
With more than a third of Americans having a credit score considered subprime, it's worth taking the time to understand where you stand.
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This major and unexpected decline in house prices means that many borrowers have zero or negative equity in their homes, meaning their homes were worth less ...
Subprime refers to higher the risk. These are mortgages that are issued to individuals who are often not qualified. That is, the long term monthly mortgage ...
Sep 18, 2023 · "below" + prime (adj.) "of the first quality." See origin and meaning of subprime.