Personal Finance Concepts

Personal Finance Concepts

Credit Worthiness of the Borrower

It is necessary to know what lender is looking for when the lenders lend money as the firms or any individual often needs to borrow money for various purposes or various reasons, such as increase in cash reserves, refinance, research and the development, capital expenditure, or for the expansion in the market on the other hand individual may need money for the households or various other reasons. The credit worthiness of the borrower may be accessed by a lender on the basis of the following five criteria. These criteria's are as follows.

The lender ...