List at least 3 factors that affect credit worthiness.
a.
b.
c.

Question

List at least 3 factors that affect credit worthiness.
	a. 
	b. 
	c.

anonymous · Answer

@Nurali?

nurali · Answer

Your credit worthiness depends on your credit score.
It is a document of your entire credit history.
It is an account of your past borrowings, credit purchases, payment history etc.
Your credit worthiness is negatively hurt by many things, but mostly by a bad payment history.
Even late payments on your record negatively affect your credit score.

anonymous · Answer

Late payments
Credit History
In the past if you have gone through debt consolidation or debt management programs.

anonymous · Answer

ty both! I preciate your help!

anonymous · Answer

Factor 1: Character-is a measure of your sense of financial responsibility
-look at your credit history
-Credit History is a record of your past borrowing and repayments

anonymous · Answer

Factor 2: Capacity-Is a measure of your financial ability to repay a loan

anonymous · Answer

Factor 3: Capital-Is the value of what you own, including savings, investments, and property.

rina.r · Answer

Your credit rating or credit worthiness is determined by your credit history and how quickly you paid your bills. !