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25 January, 08:48

Which three things do creditors consider to be most important when judging a persons creditworthiness to buy a house or car?

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  1. 25 January, 08:51
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    Creditors consider character, collateral and, capacity to be most important when judging a persons creditworthiness to buy a house or car.

    Character - who you are as a person, honest, true, based on reports you are able and make payments on time.

    Capacity - you're ability to make the payments and understand how to.

    Collateral - what you own that they could take in a form of "payment" if you don't repay your loan.
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