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If you provide collateral, you can count on a larger amount and favorable credit terms

Posted: Wed Feb 19, 2025 5:06 am
by monira444
Education level. Higher education slightly improves the borrower's creditworthiness, as it increases his prospects. However, this factor can be leveled out - for example, if you were able to get a prestigious job without an education.

Marital status. If you are married, the application will most often require you to indicate your spouse's income. If this column is "0", it will affect your creditworthiness. After all, this means that you spend about half of your income on your wife or husband. When receiving a large loan, the bank may ask you to confirm your spouse's income with documents.

Occupation. There are prestigious professions that are actively developing, and the salaries of specialists are only growing. If your occupation is related to such professions, your creditworthiness will be assessed higher. The most prestigious professions now are considered to be IT specialists, managers, marketers, accountants, PR managers, lawyers, realtors and some others.

Housing status. It is clear that borrowers with their own ukraine mobile database housing (without a mortgage) will be considered more reliable. However, it is not always easy to verify the veracity of the questionnaire data. The borrower may indicate in the questionnaire that he lives in an apartment that belongs to his spouse's relatives and does not pay rent, but in fact it is rented housing. A bank employee can easily access the list of people registered in the apartment and ask the borrower if he knows them. If you live in a rented apartment, you may not know who is registered there. This way the bank will catch you in a lie and refuse to issue a loan. Try to indicate only reliable information in the questionnaire and do not deceive employees when communicating on the phone or in the office. Otherwise, you may be approved for a loan that you will not be able to repay. This is how you can fall into a debt trap.

Number of dependents. Children and other dependents are your expenses. If your income barely allows you to support a family, you should not count on a large loan.


To assess the borrower's creditworthiness based on the questionnaire, banks may use a scoring system. If the score is too low, the application may be rejected.

Type of loan
All loans can be divided into secured and unsecured. In the first case, the borrower provides the bank with reliable guarantees for the return of funds. This may be a pledge of movable and immovable property, or the involvement of a guarantor.

Typical examples of secured loans are mortgages and car loans, in which housing and transport are secured and insured. You can also get a regular consumer cash loan against collateral or with a surety.