Credit history remains a key factor in determining eligibility and loan terms. Lenders review past payment behavior, outstanding debt, and overall creditworthiness to assess risk and set interest rates. A strong history often leads to faster approvals and better terms, while limited or negative credit can limit options or require higher rates. Alternative financing models consider additional factors like income or cash flow. provide avenues for borrowers who may not meet traditional credit criteria, offering access to capital by evaluating financial responsibility holistically and supporting funding approvals even with imperfect histories.