Your Credit Application: Why is it Approved or Denied? 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. Condition Physical appearance Capacity Character College transcipt Marital status APPROVED Your friend recently applied for credit and was turned down. Why was your friend probably denied credit? Check all that apply. Debt safety ratio less than 10% Pattern of delinquent payments on credit History of personal bankruptcy Absence of checking, savings, or other credit accounts Application error-for instance transposed figure in street address (for example, 124 Main St. instead of 142 Main St.); all other information is accurate False or misleading information on your application Large amount of available credit relative to income Debt safety ratio greater than 20%