Posted by Amy Fidelis | Nov 6, 2012
Lenders are not charitable institutions. They are in business to make (not lose) money; therefore, when they lend money they want to ensure that they will get paid back. Creditworthiness speaks to your financial ability to repay a loan and your tendency to repay in a timely manner. Lenders determine if you are creditworthy by looking at the five “C’s” of Credit each time they make a loan.
| Tagged as: debt, income, loans, savings, score, to, credit