How can we control credit?

Answer 1

In the event that the Central Bank needs to control credit, it will raise the bank rate. Accordingly, the market rate and other loaning rates in the currency market will go up. Obtaining will be debilitate. The raising of bank rate will prompt compression of credit.

Likewise, a fall in bank rate mil brings down the loaning rates in the currency market which thusly will invigorate business and modern action, for which more credit will be needed from the banks. Subsequently, there will be development of the volume of bank Credit.debtredemption

Answer 2

to control credit you need to check the credit worthiness of the customer if he or she is capable of paying for the product or service.