How much cash or cash equivalents do you currently have in reserve?
Reserves are defined as cash deposits, short-term bank deposits, money market instruments, and treasury bills. In addition some 401k offer loans of 70% against the vested balance which can also be used as a cash equivalent. These are important in situations where income becomes scarce or non-existent, showing that you can save, shows a lender you can make it through tough times.
How many active credit cards (with a balance) do you have?
Showing that you know how to use credit wisely is a great way to get your Lendability score up. Having multiple cards shows that many banks have already trusted you and encourage more to do so.
How long have you had established credit with a creditor?
This includes credit cards, installment loans, and mortgages. Having long standing credit with one company can help your Lendability score as it shows you are not only a loyal customer, but one that pays on time.
