1 / 1

Credit Score, Income, & Other Metrics Lenders Check

This infographic explains the essential factors lenders review before granting a loanu2014such as credit score, income, debt ratio, and financial historyu2014to assess a borroweru2019s reliability and repayment ability.

technoelevators
Download Presentation

Credit Score, Income, & Other Metrics Lenders Check

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Credit Score, Income, & Other Metrics Lenders Check 1. CREDIT SCORE Shows your reliability as a borrower. Higher scores = better loan terms. 2. INCOME & EMPLOYMENT Lenders check steady income and job stability to ensure you can make payments. 3. DEBT-TO-INCOME RATIO (DTI) Measures how much of your income goes to debts. Lower DTI = higher approval chances. 25% 4. COLLATERAL & PROPERTY VALUE Property or assets offered reduce lender risk. 20% 20% 15% 5. SAVINGS & ASSETS Demonstrates financial stability and ability to handle emergencies. 10% 10% 6. CREDIT HISTORY Past loans and repayment behavior show reliability. CREDIT SCORE INCOME & EMPLOYMENT DEBT-TO- INCOME RATIO COLLATERAL & PROPERTY VALUE SAVINGS & ASSETS CREDIT HISTORY www.bboyo.com

More Related