Here are some questions you might be asked when applying for credit:
Capacity Capital
- How much money do you have in your checking and savings accounts?
- Do you own a house?
- Do you have investments or other assets (e।g., a car)?
Character
- Have you had credit in the past?
- How many credit accounts do you have?
- Have you ever:
- Filed for bankruptcy?
- Had any outstanding judgments?
- Had property repossessed or foreclosed upon?
- Made late payments?
Collateral
- Do you have assets to provide as collateral to secure the loan beyond your capacity to pay it off?
