Not exact matches
Rather than relying
on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively
at a borrower's
credit worthiness to determine eligibility, making those with high
credit scores and a long, solid
credit history the best candidates for an unsecured business line of
credit.
Most
credit cards have a range of offer APRs that will depend
on your
credit worthiness, so we also look
at the low and high ranges of cards.
We believe that a
credit score,
on its own, is not the sole arbiter of a person's
credit worthiness,» said Bob Walters, Chief Economist
at Quicken Loans.
Qualifying for a federal student loan is based
on need, whereas private lenders mostly look
at your
credit -
worthiness.
Rather than look
at your
credit history — which may be short depending
on your age, or nebulous depending
on such things as identity theft — UpStart calculates
credit worthiness based
on your career (for example, a lawyer is deemed more
credit worthy than, say, an actor), your educational status, your job status (obviously, if you're employed, you're more
credit worthy than someone who isn't) and standardized test scores to determine if you're worthy of a loan from them.
Sadly, instead of looking
at the «big picture» of your financial situation, more banks are relying
on FICO Scores as the primary indicator of your
credit worthiness.
The Wells Fargo Cash Wise has no interest intro periods for 12 months
on purchases and balance transfers and the regular APR starts
at a low 14.49 % (variable depending
on credit worthiness).
After the intro period, this card offers a low interest rate starting
at 13.49 % (variable based
on credit worthiness).
You may also affect your
credit score, a number based
on an analysis of your
credit file,
at a particular point in time, that helps a lender determine your
credit worthiness.
At that point, your APR will increase to a standard rate based
on your
credit worthiness and the current interest rates.
Most
credit cards have a range of offer APRs that will depend
on your
credit worthiness, so we also look
at the low and high ranges of cards.
Adept
at performing background checks, contacting references listed
on applications and creating reports that indicate the
worthiness or potential risks associated with applicants applying for
credit.