You should also know what they cannot legally consider in their decisions. What Creditors Look For The Three C's . Creditors want to know what you may have that could be used to back up or secure your loan and other resources you have for repaying debt other than income, such as savings, investments, or property. Creditors use different combinations of these facts in reaching their decisions. Some set unusually high standards and other simply do not make certain kinds of loans.
Creditors also use different kinds of rating systems.
Some rely strictly on their own instinct and experience. They assign a certain number of points to each of the various characteristics that have proved to be reliable signs that a borrower will repay. Then, they rate you on this scale. Different creditors may reach different conclusions based on the same set of facts. One may find you an acceptable risk, while another may deny you a loan.