Tag: loans
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What Banks Look At Before Giving You a Loan
When banks decide whether to give someone a loan, they want to know one thing: Can this person really afford it? To help answer that, they use affordability ratios — simple comparisons between income (how much money you earn) and debt (how much money you owe people). 1. Debt-to-Income This shows how financially stretched someone…
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The Real Bottleneck in Financial Inclusion Isn’t Regulation
Jamaica is not excluding people from finance by choice. It is excluding them by process. Every delay in opening an account, every manual underwriting step, every conservative credit assessment that defaults to “no” is a quiet decision made by a system that was never designed for the people it now serves. Inclusion fails not at…