2007-03-09 10:28:59 · 3 answers · asked by DJ C 4 in Business & Finance ➔ Personal Finance
When applying for a loan, they are going to check your credit history to see if you pay your debts on time. If you missed any payment or been late, they going to know. Your credit history is going to include a list of credit cards you own and all other loans such as a mortgage, student loan, and car loan.
Other factors that determine whether you qualify for a loan or not is your income, debt to income ratio, and your ability to pay. They may require a copy of your recent paycheck stub.
2007-03-09 12:59:26 · answer #1 · answered by Anonymous · 4⤊ 0⤋
The ylook at ALL debt whether it's secured or unsecured.
2007-03-09 18:36:32 · answer #2 · answered by theblackenedphoenix 4 · 0⤊ 0⤋
It certainly isn't secured.
2007-03-09 18:32:15 · answer #3 · answered by The Rabbi 5 · 0⤊ 0⤋