I want to know what factors or criteria lenders consider when they check a person's credit score. What are the specific items or aspects they look into to determine creditworthiness?
6 answers
Sun Jan 12 2025
Lenders prioritize getting paid back above all else.
Sun Jan 12 2025
A borrower's history of timely payments is crucial for lenders.
Sun Jan 12 2025
This payment history serves as a key indicator of a borrower's creditworthiness.
Sat Jan 11 2025
In the process of calculating a person's FICO score, payment history holds significant weight.
Sat Jan 11 2025
Specifically, payment history accounts for 35% of the total FICO score.