"Whenever a financial institution analyzes an individual creditworthiness. It takes into account 3 categories:
Current Debts: It determines if an individual has any current debts and determines the amount.
Payment Capacity: It determines how much is the annual income of the individual and tries to estimate his or her monthly payment capacity after deducting amounts destined to pay existing debts.
Compliance with Payment Deadlines: It searches if the individual has had infringements regarding payment terms with the institution and any other."
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THIS WEBSITE WILL HELP YOU. IT WAS A PREVIOUS QUESTION.
hint: which choice shows a good credit history.
your answer will be D. has made on time payments to other loans
explanation: The lender considers Jose creditworthy MOST LIKELY because he has made on-time payments to other loans. Lenders want to know you are a good risk to borrow money, and making payments on time with other loans- whether they be credit cards, mortgages, etc- is the best way for them to make that determination.
