February 19, 2019 Kristy Holmes

Creditworthiness is one of the most important factors affecting the chance of obtaining a payday loan. Financial companies calculate their creditworthiness because of the risk associated with borrowing capital to a specific customer. The better the creditworthiness, the easier it is to obtain payday loans in certain amounts and at the same time it is much easier to use payday loans available on advantageous financial terms. Creditworthiness is influenced by the finances of clients applying for a payday loan. In general, customers’ income influences the creditworthiness. However, as part of determining the creditworthiness, the financial liabilities held by customers are…