Obtaining credit begins with you. After you complete a credit application, the lender decides if you are a good risk. Agencies that collect credit information about individuals are called credit bureaus. For a fee, they provide information about you that lenders need to decide if you are a good risk. The information you provide on your application is checked against the information the credit bureaus have collected about you. Why is your credit application approved or denied? 0000 APPROVED Good news-your credit application was approved. What are the major factors about you that the lender used to evaluate your creditworthiness? Check all that apply. Capacity Political affiliation Physical appearance Character Collateral O Religion MEGLE Your friend recently applied for credit and was turned down. Why was your friend probably denied credit? Check all that apply. Debt safety ratio greater than 20% Absence of checking, savings, or other credit accounts Large amount of available credit relative to income Inaccurate credit report that reflects a poor credit history Application error-for instance transposed figure in street address (for example, 124 Main St. instead of 142 Main St.); all other information is accurate Debt safety ratio less than 10% False or misleading information on your application OFICO score less than 350 Obtaining credit begins with you. After you complete a credit application, the lender decides if you are a good risk. Agencies that collect credit information about individuals are called credit bureaus. For a fee, they provide information about you that lenders need to decide if you are a good risk. The information you provide on your application is checked against the information the credit bureaus have collected about you. Why is your credit application approved or denied? 0000 APPROVED Good news-your credit application was approved. What are the major factors about you that the lender used to evaluate your creditworthiness? Check all that apply. Capacity Political affiliation Physical appearance Character Collateral O Religion MEGLE Your friend recently applied for credit and was turned down. Why was your friend probably denied credit? Check all that apply. Debt safety ratio greater than 20% Absence of checking, savings, or other credit accounts Large amount of available credit relative to income Inaccurate credit report that reflects a poor credit history Application error-for instance transposed figure in street address (for example, 124 Main St. instead of 142 Main St.); all other information is accurate Debt safety ratio less than 10% False or misleading information on your application OFICO score less than 350