The 5 C's of Credit, this is summary of what lenders look for when you apply for a loan:
-Credit History: they look to see how well you have done with paying on debts in the past and presently.
-Capacity: Can you comfortably manage your payments...they look at your debt to income ratio to determine your capacity. (They use your before tax income)
-Collateral (when applying for a secured loan)
-Capital: do you have savings, investments, or other assets that can help repay the loan if your income ceased or is reduced for any reason.
-Conditions: how you plan to use the money you are asking to borrow.
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