How to be creditworthy: the three Cs of credit
You can only get credit if you are creditworthy. Here are some ways in which a bank or a store will decide if you are creditworthy:
Character – will you repay the debt?
- From your credit history, does it look like you are honest and can be relied on to pay off debt?
- Have you used credit before?
- Do you pay your accounts on time?
- Do you have a good credit record?
- How long have you lived at your present address?
- How long have you been at your present job?

- Do you have any valuable assets such as a house, savings or investments that could be used to repay debts if you cannot pay it from your income?
- What property do you own that can secure the loan?
- Do you have a savings account?
- Do you have investments to use as surety?

- Have you been working regularly in a job that is likely to provide enough income to repay your debt?
- Do you have a permanent job? What is your salary?
- How many other loan payments do you have?
- What are your current living expenses? What are your current debts?
- How many dependents do you have?