As you start transacting with various banks, retailers and other financial institutions like lenders, you start building a financial history. Your credit history will be determined by the amount of…
Credit ratings are compiled by credit agencies as a way of providing data about how well a company or individual have handled their credit agreements. These ratings are based on…
767- 999 Excellent Low Risk High probability of collection 681- 766 Good Medium Risk Average probability of collection 614- 680 Favourable Potential High Risk Low probability of collection 583-613…
Creditworthiness assessment is vital for lending institutions. It provides an indicator of how well borrowers have handled their credit agreements. They can use this information to gauge the level of…