What is the Customer’s asset position?
Do they own their home, or have substantial equity in it?
Do they own or have equity in other real estate?
Do they own or have equity in vehicles, bikes, boats?
Do they have savings or investments?
Do they have home contents & is it insured?”

Can the Customers afford to make the re-payments?
Does the percentage of expenses to income meet the Financier’s guidelines?

How does the credit file look, any defaults?
What about current or past loan history, were the payments made on time, and were the repayments at a similar level to what is being sought, this time?
Does the history on our Application match the history on the “ Credit File”?
Read more about Credit Files here...

How does the equipment “book”?
That is to say does the car for example have a value equal to the value of the amount you wish to borrow for it, or are you paying too much for it?
Does it meet the Financier’s criteria?
All lenders have a slightly different ratio. Some may lend upto 120% of the "Red Book" Value.

How stable is the Customer in their home life i.e. How many addresses are on their credit file... are they 'Transient'?
How stable is the Customer in their work life i.e. How many employers are listed on their credit file... Are they 'Transient' with employment as well?
How many enquiries or applications are on their credit file... Are they 'Credit Shoppers?
Read more about Credit Files here...

Outside factors. Maybe everything looks Ok on paper but the Financier is aware of something significant that you perhaps are not.
Some examples are, maybe their employer is filing for bankruptcy.
The Customer is known to the Police or Australian Government, and the application becomes 'Flagged'.