"Financial standing" refers to a person or organization's current financial situation, including their wealth, assets, debts, and ability to pay their obligations. It basically shows how well or poorly someone is doing financially. Full definition
This works well for people who are in good financial standing with no significant debt because it allows you a little extra money each month that can be put to good use elsewhere. (wasatchpeaks.com)
It is really a matter of personal preference and current financial standing whether or not to receive the loan up - front or in installments. (americanadvisorsgroup.com)
This will also improve your overall financial standing since each repayment will improve your credit score. (badcreditloanservices.com)