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Payment can hamper

How can capacity impact your credit rating and your ability to obtain credit?

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User Drstevok
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1 Answer

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Final answer:

Capacity can impact your credit rating and ability to obtain credit based on your financial resources and debt obligations.


Step-by-step explanation:

Capacity can impact your credit rating and your ability to obtain credit.

Capacity refers to your ability to repay any credit you have been extended. It is a measure of your financial resources and includes factors such as your income, employment stability, and existing debt obligations.

If your capacity is low, meaning you have limited financial resources or a high debt-to-income ratio, it may negatively impact your credit rating and make it more difficult for you to obtain credit in the future.


Learn more about Capacity's impact on credit rating and ability to obtain credit

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User GuiGS
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