What is Underwriting?

What is Underwriting?

Underwriting is the process by which lenders decide if a person is eligible for a loans product. Eligibility is measured in a number of ways, essentially in order to decipher if a person is a low-risk customer and are trustworthy enough to make repayments each month. A loan provider will make their approval or decline decision based on the profile of that applicant. Factors that are looked at include: your age, your occupation, your credit history, where you live, and your income. Naturally, analysing your credit history is important for a lender to determine how much risk they take on. […]

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7 Ways To Improve Your Credit Rating

7 Ways To Improve Your Credit Rating

A credit score must be protected and nurtured to enable you to get the best possible loan deals and save yourself money. If yours is not where you would like it, then consider applying our 7 tips to improve your credit rating. In this article about 7 ways to improve your credit rating we shall examine: Why a credit rating matters Managing your credit cards Rectifying mistakes Breaking ties with ex-partners Keeping up with repayments Why do I need to worry about my credit rating? Your credit rating is the most important measure that lenders have to judge your creditworthiness […]

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