Your estimated ability to pay back a loan is called creditworthiness. When applying for a loan several factors are taken into account, and your chances of being granted a loan depends on your creditworthiness. Summarized as a credit score, your ability to pay back decides what interest the lender can offer and if you’ll be granted a loan.
Upplysningscentralen, or UC, is a company performing credit checks, owned by several Swedish big banks. A credit check from UC lets the lender see your:
Every lender is required to keep good customs when giving out credit. Good credit costumes implies that a loan can only be granted if the lender believes you can pay it back. The uc is a way of assessing your ability to repay, but it can also be seen as a protection for you against taking a loan your finances can’t handle.
If you want to improve your chances of getting a loan, it’s important to have employment. When the bank assesses you they’ll check if your economy can handle a loan with interest and fees accompanied.
The main things to keep in mind are:
*Previous credit checks are visible on your credit checks. Credit checks used to compare offers from different lenders is generally not seen as a bad sign. However, declined credits can be seen as bad.