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What is Ability To Pay?

Your Ability To Pay is how much you can afford to pay towards a loan each month. In the past, the ability to repay a loan has been estimated crudely and manually based on past payment history on other loans. That excludes people who don’t have a sufficient history of previous loans. FormFree has introduced new methods to measure your Ability To Pay based on other financial data, which then helps determine your Borrowing Power.