They approve borrowers based
on creditworthiness just like any other lender.
Not exact matches
Just like a consumer's
creditworthiness hinges
on a FICO score, a business's
creditworthiness is determined by a scoring system as well.
Having
just loans
on your credit report doesn't tell the entire story about your
creditworthiness and your credit score may reflect that.
Just like a consumer's
creditworthiness hinges
on a FICO score, a business's
creditworthiness is determined by a scoring system as well.
There are numerous resources — including this website — for you to educate yourself
on just how the credit bureaus base their assessment of your
creditworthiness and financial risk.
While this seems like a reason not to invest in a student's education, the average student still benefits economically from investing in education, but using only
creditworthiness as criteria for loan qualification leaves out a large pool of candidates (from low - income origins) despite an average positive return from investing
on a degree A targeted approach known as «forward - looking underwriting» determines a borrower's qualifications based
on more factors than
just credit history (considered backward looking).
While it may seem that Credit One has
just a handful of cards, each card offered by the bank has a number of variations that depend
on your
creditworthiness.
The initial credit line ranges from $ 200 - $ 300 and the minimum opening deposit starts at
just $ 49, depending
on your
creditworthiness.