Reasons to say no to Credit Cards
Three C’s of Credit
Your credit bureau score is a measurement factor that may affect your ability to repay credit. Credit score is dynamic and can change positively or negatively depending upon your monthly payments behavior.
The factors that determines your credit score.
Character
The lender attempts to determine if you possess the honesty to repay your debt.
Capital
The lender wants to know if you have any valuable assets like personal property or any automobile, or any savings/investments that can be used to repay credit debts if income not meeting.
Capacity
The lender check if you are regular employee that is likely to provide enough income to support your credit use. This refers your ability to repay the debt.
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