When it comes to borrowing money there are three basic things that creditors look at in order to establish if someone would be a good candidate to receive their money:

Capital: This would be a person's financial resources. Meaning anything one owns that has some monetary value and can be converted into credit in order to pay a debt. Whether it be your car or the very chair you are sitting on right now.

Capacity: A person's ability to repay your debt. This one takes one's income into account. So if you, for instance, stop paying up this would be how much of the income from your job could be used to pay it. Basically the Income vs. the Debt.

Character: Exactly how it sounds, except this being one's 'Financial Character'. All this is is a review of your credit history. However, too many inqueries could harm your chances.