What are the main factors, affecting credit decision-making process?

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  • 1 decade ago
    Favorite Answer

    miss a payment and it's a negative make the payment and its a positive, that's the basic standard for your credit.

  • 1 decade ago

    If you mean how much credit you can get and how much it'll cost you, the other answers are correct.

    If you mean, how do I know if I should purchase something on credit, the questions you should ask yourself are: can I buy it without going into debt (which is what credit is), is it worth going into debt over, what would you do with the money that you were going to use to pay for the thing - invest? buy something else? And are those good things to do instead of paying off the thing in the first place.

  • 1 decade ago

    A loan desicion is made by underwriting. Underwriting looks at your past payment history( repayment history), your job stability, your past and current income ( ability to repay), and if you have past credit problems they may ask for a letter of explanation. The letter is to show a willingness to identify what went wrong before and how you have planned to avoid the problem from affecting loan repayment in the future.

  • 4 years ago

    This election: Intelligence superb computer Programming & verbal change youngsters McCain is stupid, Palin is worse than that. McCain knew no longer something about pcs which also finally ends up in McCain is an previous guy with previous procedures - the international want to regulate

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  • 1 decade ago

    your credit score: amount of things on your credit report, and what your balance is on past credit, weather or not it has been paid on time or not. how long you have had a credit histary and your finatual situation.

  • 1 decade ago

    pop into your bank, and they will let you know, they will then tell you the organisation that is holding your record, if I am not mistaken, there is a charge of £2.50 for you in order to obtain your credit score information (or making a correction), (information base on Barclays Bank)

  • 1 decade ago

    when people look at a credit report, they see if you have basically paid bills on time.

  • 1 decade ago

    credit score

  • 1 decade ago

    I suggest you will get better responses if you state whether you mean individuals deciding to use credit, or businesses who are deciding whether to accept a credit customer. Thanks.

  • Anonymous
    1 decade ago

    LATE PAYMENTS, CHARGEOFF, COLLECTION ACCOUNTS AND DEBT TO CREDIT RATIO.

    Source(s): WWW.JICINVESTMENTS.COM
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