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barbour uk Qualify For And Establish Good Credit W

 
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PostPosted: Tue 15:12, 24 Sep 2013    Post subject: barbour uk Qualify For And Establish Good Credit W

When you apply for a credit, the lender will evaluate you based on the 3 important criteria: character, capacity and capital; these 3 important criteria, or known as 3Cs will affect the decision of the lenders in either approve or reject your credit application. By understanding how the 3 Cs affect your credit application will help you to have a better prepare yourself when you want to apply for a [url=http://www.vivid-host.com/barbour.htm]barbour uk[/url] credit.
1st C: Character
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Besides your incomes, lenders will look at your existing debt. Normally, your debt is measure against your incomes and the result will be the debt-to-income ratio. [url=http://www.cidf.cc/wygkcn_GuestBook.asp]tiffany Th[/url] Most banks require your debt-to-income ratio to be less than 0.36 (36%) for fixed expenses and 0.28 (28%) for mortgage payment or rent. [url=http://www.thehygienerevolution.com/barbour.php]barbour[/url] The higher your debt-to-income, the less credit the lenders extend.
3rd C: Capital
Capital consists of the financial assets at your disposal to pay of debt. Home, car, boat, land, stock, bond and mutual funds are example of capital. If your character and capacity do not prove sufficient to support for the credit you apply for, [url=http://rover.ebay.com/rover/1/711-53200-19255-0/1?campid=5336182395&customid=pubster&toolid=10013&mpre=http%3A//cgi.ebay.com/ebaymotors/4x-24CM-PVC-LED-CAR-TRUCK-FLEXIBLE-NEON-LIGHT-STRIP-RED-/320609712722]peuterey outlet There Is No H[/url] lenders could ask you to include your capital as the collateral for credit application. Lenders will seize your capital if you default your payment to [url=http://www.1855sacramento.com/peuterey.php]peuterey outlet[/url] retire your debt.
In Summary
The 3 Cs are the important criteria to measure your qualify credit. It will be easy to be approved for credit extension [url=http://www.achbanker.com/home.php]www.achbanker.com/home.php[/url] or new line of credit if you have a [url=http://www.1855sacramento.com/moncler.php]moncler sito ufficiale[/url] good score in 3 Cs.
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