Good Finance’s creditworthiness – how does its calculation look like?

You decided to take a mortgage. You plan to build a house, but unfortunately you do not have enough funds to finance everything yourself. All you have to do is go to the bank. However, you are worried about one thing – it is Good Finance’s creditworthiness.

Without it, you will not be able to pay the financial commitment that you choose. Sounds familiar? As it turns out, many people may be in the same situation as you. See how creditworthiness is calculated and what to do when a bank refuses to grant it.

Good Finance credit rating – can you calculate it yourself?

Good Finance credit rating - can you calculate it yourself?

One of the most frequently asked questions by people who want to take a loan is: How do you calculate your creditworthiness? Nothing unusual. Undoubtedly, everyone is worried about whether the bank will grant him a loan or not. Good Finance’s creditworthiness influences this decision, which is why some people want to do it themselves, before visiting a bank or meeting a financial advisor.

Unfortunately, this is not possible. Calculators that you will meet on the Internet are not a reliable source. Each bank has different legal regulations and often uses different calculation methods. Most often, however, permanent factors are taken into account, for example the borrower’s age, source of income, the amount of the contribution or the cost of its maintenance. If you have any questions or concerns, you can contact our financial advisor MirosÅ‚aw Baran, who will explain the rules that you need to take into account when taking a loan.

See what credit analysis looks like


The calculation of creditworthiness consists of an analysis that is divided into two parts. The first of these – qualitative – relates to the financial situation. The bank checks the borrower’s income, the cost of his monthly maintenance and the debt he currently has. This is to compare all monthly expenses of the potential borrower to see if after adding up all financial liabilities he will have a surplus to repay the loan.

The second part – quantitative – involves analyzing the age, marital status, number of family members, seniority as well as the job and credit history of the borrower. The analysis also checks whether the person has repaid their previous obligations in a timely manner. If everything is accepted, your Good Finance creditworthiness will be considered and you will get the dream loan as a result.

I have not been granted creditworthiness – what to do?


Sometimes, however, Good Finance’s creditworthiness is not granted. What to do in that case? There are several solutions. One of them is, of course, paying off your existing payment obligations. You can also opt out of a credit card and revolving loan, which will also positively affect your credit history.

Another common practice is to extend your loan repayment time or opt for a Good Finance consolidation loan that will combine all your loans into one. Undoubtedly, finding a co-borrower with good creditworthiness or a guarantor also helps in obtaining a positive decision.

Instant loan? It is possible!

Do you want to get a loan quickly? Do it through our financial advisors, who will minimize formalities. You can choose not only a Good Finance mortgage , but also a Good Finance car loan. Contact us and we will help you choose the solution that is best for you and your family.

Leave a Reply

Your email address will not be published. Required fields are marked *