Credit is a measure of your financial trustworthiness.


Income: How Much you are earning.
  • Income measures how financially capable you are of paying your debts.

Debts: Money you owe.

  • If you have lots of loans or a high amount of other debt, creditors see you as a higher risk and will treat you accordingly.

Stability: How much your financial situation may change during the period of the loan.
  • If your employment is unsteady, your expenses will be increasing, or your debts are expected to grow, creditors may have concerns about your ability to pay what you owe.
Character: Your payment history on previous loans or debts.
  • The quality of your character is determined by how responsible you have been with previous debt, usually over the past 7 to 10 years.



Assets: How much money or other value you have on hand.
  • Assets include items such as savings accounts, bonds, stocks, etc.
Expenses: Bills you pay regularly.
  • Expenses include food, housing, utilities, insurance, tuition, etc.