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Credit worthiness means if one is employed and has sufficient income or money to be able to pay back the money taken as loan
Rae Beahan
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What is financial credibility?
Your creditworthiness.
How can you get a loan with no job and no collateral?
Creditworthiness or government guarantee.
What term describes the ability to repay debt?
Creditworthiness
What are the four factors that determine a persons creditworthiness?
Factors that determin a person's creditworthiness arePayment history, amount of outstanding debt, amount of time that the debt has been open, and the amount of new credit.
Which do lenders take into account before issuing unsecured debt?
Creditworthiness
How do you get credit score?
Getting good credit score depends on how creditworthiness of that person.
What is the purpose of a credit rating?
The purpose of a credit rating is to determine a person's creditworthiness.
Which term describes the ability to repay debt?
its called creditworthiness, basically the bank has your trust.
What is credit appraisal?
Evaluating credit worthiness of the proposal/applicant. Creditworthiness may also indicate the ability to honor commitments.
Does debt consolidation lower your credit?
Debt consolidation does not lower your creditworthiness. There are some creditors who may contact the credit bureaus and make a notation on your credit report indicating that you are undergoing credit counseling. But this is a neutral notation and does not lower your creditworthiness. However, individual creditors may look at this notation differently. Some may view it negatively and thus it may have an impact on your creditworthiness. Some creditors may view seeking help as a good sign that you are taking responsibility. It all depends on the creditor and his views. Many adopt a neutral position.
What were the three Cs of creditworthiness in the early days of credit?
Often, the three Cs of credit were applied to a credit applicant: character, capacity, and capital.
What is the purpose of Moody's ratings?
The purpose of Moody's ratings is to provide investors with a simple system of gradation by which future relative creditworthiness of securities may be gauged.
