Comparable High Credit

Comparable high credit is a consideration when determining if a loan applicant is credit worthy. The credit underwriter reviews the applicant's credit profile to determine that the applicant has borrowed an amount that is similar in dollar amount to the requested loan. This can include a mortgage or other installment debt. As a general rule, an applicant should have at least one previous loan reported on their credit bureau report, equaling at least 50% of the requested loan amount, open for a minimum of two years and paid as agreed.