Sentences with phrase «repaying other financial obligations»
Debts and credit history: To determine your total debt and your history of repaying other financial obligations.
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Under the rule, lenders will need to conduct an upfront «full - payment» test to determine if borrowers will be able to afford to repay the loan without compromising other financial obligations.
At the time you repay this loan, you should have sufficient funds to meet your other financial obligations.
In determining your actual credit limit, the lender will also consider your ability to repay the loan (principal and interest) by looking at your income, debts, and other financial obligations as well as your credit history.