Lesson Overview

Would you want to loan money to someone who can’t or won’t pay you back? And you probably wouldn’t want to loan money to someone who took forever to pay you back. 

Lenders, too, don’t want to loan money to people who aren’t responsible about paying it back. If they don’t know anything about someone who is asking to use credit, the lenders have methods to predict if the money will be repaid and paid on time. 

This lesson will give you an inside peek at what lenders look for when someone applies for a loan or a credit card. This will help you take steps now to make a positive impression later on a potential lender.