| Fact: |
Apart from your credit score, lenders also use a number of other sources to determine your eligibility in getting a loan. Information such as the amount of debt you can reasonably handle given your income, your employment history, and your credit history are also given the importance in assessing your application. These factors combined with your credit score are taken into consideration. There are no hard and fast rules in being granted credit. Lenders may extend credit even if your score is low or decline your request even if you have a very high score. |
