how does credit card companies determine your creditworthiness?

Answer 1

Here's a good article that gives a detailed explanation:

http://www.ezinearticles.com/?Credit-Report---How-Your-Credit-Score-is-Determined&id=53288

Answer 2

Your credit worthiness is determined by how good or bad you credit is. Your credit is affected by:
how many times companies have accessed your credit report
are you delinquent in you payments
how many accounts were closed/opened in a certain period of time
if you have failed to pay the bills altogether
how much your paying above the minimum towards your principle amount

Answer 3

Your credit score...which is compiled with whether or not you make late payments...whether or not you have high balances...Whether or not you have too much credit open. And whether or not you have a lot of credit checks on your credit report.

Go here for 3 free credit reports a year from the good ol US of A government. You can pay about 6.95 to see your actual score. Within the score they tell you how all your activity affects your credit score.

https://www.annualcreditreport.com/cra/index.jsp

Answer 4

What they look at is past payment history, followed by income to current debt. Once they have figured that they try to determine the absolute most money they can give you without breaking you. If they determine you can afford to $1000 in credit they will give you $999.

Answer 5

They look at income, how long you are employed and your past history or lack of history. Credit needs to be built up over time.

Answer 6

Through a credit check. to see how you pay your bills (on time, not at all, etc..) if you have no credit it is hard to prove yourself worthy.