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How to Be a Smart Shopper
How to Become a Multi-Millionaire
How to Boost Your Credit Score
How to Apply for a Personal Loan
How Is Credit Figured?
How Does a Hold on Credit Cards Work?
How Does a Joint Credit Card Hurt a Credit Score?
How Does a Lender Decide to Give You Credit?
How Does a Secured Credit Card Work?
How Does an In-House Credit Card Work?
How Does Chapter 13 Affect Credit Scores?
How Does Child Support Affect a Credit Score?
How Does Child Support Work?
How Does Consumer Credit Counseling Work?
How Does Credit Card Interest Work?
How Do Credit Card Ratings Work?
How Does Credit Counseling Work?
How Does Paying Off a Credit Card in Full, Each Month Affect a Credit Rating?
How Does Information Get Stored in a Credit Card?
How Does Letting a Luxury Item Go Back to the Bank Affect a Credit Rating?
How Does a Credit Card Work?
How Does a Debit Card Work?
How Does a Payday Loan Work?
How Does a Person Check Credit Ratings?
How Does Banking Relate to Math?
How to Build a Credit History Fast
How to Apply for a Business Credit Card
How to Apply for Credit Cards
How to Be Debt Free
How to Become Debt Free
Assets are classified as economic resources that can be current or non-current, while liabilities are clas… More
Main areas of finance include how an individual views their liabilities, like bills and debt, as well as a… More
Intangible assets are assets that are hard to quantify, such as human capital and the knowledge within a c… More
Protecting money and assets during bankruptcy proceedings is difficult because you are required to report … More
Getting better returns on assets is important since inflation is at an average constant of six perecent. G… More
IRAs (Individual Retirement Accounts) are an excellent tool to use in planning for your retirement. IRA ea… More
Watch as an expert bachelor explains how to protect your assets in a breakup in this free online video abo… More
The hallmark of an irrevocable trust is the grantor's surrender of ownership interest in the assets of the… More
The IRS will look at income and compare them to expenses. Learn what to do if the IRS audits your taxes in… More
An accounting balance sheet has three parts to it: assets, liabilities and equity. Learn the basic balance… More
Long-term pension liabilities are prevalent in today's world, as many companies do not have nearly enough … More
An accounting balance sheet consists of assets, liabilities and owner equity. Learn about how assets and l… More
A person should be able to understand the basics of financial accounting in order to run a budget and keep… More
A lender decides to give somebody credit after looking at their credit score and their credit worthiness. … More
Working capital is a ratio of short-term liabilities and short-term income, and it's the capital that a co… More
Summary: A lender decides to give somebody credit after looking at their credit score and their credit worthiness. Discover how basic credit cards are easier to obtain than auto loans with help from a registered financial consultant in this free video on credit and personal finance.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
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"This is financial adviser, Patrick Munro talking about how does a lender decide to give you credit? A lender looks at a credit score and the credit worthiness of a borrower. It is not a personal decision, it is a business decision and there are straightforward benchmarks that make or break a credit decision. The methodology depends on what sort of an asset we are talking about. There is a lower bar to cross if you have basic credit card. There is a higher bar to cross if you are looking for an auto loan especially of an exotic nature if it is higher in price and there is even a higher rate if you are going after a home loan. So with this in mind lenders will look at your assets, your liabilities, how you paid your bills on time and of course the length of job and how much money you have coming in versus how much of bills you have and what that is is assets versus liabilities equals net worth and as long as you have a significant down payment towards the asset you are in good shape for a lender to decide to give you money. This is Patrick Munro talking about how a lender will decide to grant credit."
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