Sentences with phrase «lending decisions based on the information»

Creditors make lending decisions based on the information they find on your credit file, and each will have their own criteria to decide whether to lend money to you, how much, and at what rate of interest.

Not exact matches

With these five elements, the lender can begin to paint an overall financial picture that provides them enough information on which they can base a lending decision.

This is because while they may not entirely rely on one's credit information to base their lending decision, they require something that may guarantee the borrower's ability to repay the loan.

Approval in Principle (AIP): An AIP indicates how much you could borrow based on the information you have provided, it performs various criteria and credit reference agency checks, and gives a conditional decision to lend based on its findings.

According to one article on lending parameters, «Data and risk analytics company LexisNexis Risk Solutions is helping bridge the information gap between banks and businesses by offering alternative - data - based credit risk assessments for lenders to make smarter, safer lending decisions.