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Creditors grant credit to those people who are likely to repay them. They gather all kinds of information during the risk assessment process. Much of it is to be used in case of default.

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โˆ™ 2015-07-15 19:15:02
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What can a creditor do if you are in default on a credit card

What do you do when your application for credit is rejected

How can you get a loan with 470 credit score

Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance

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Q: If a creditor wants you to fill out a list of references is he likely to extend credit to you or is this just procedure?
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Related questions

What is the purpose of credit application?

The purpose of a credit application is to give the creditor information on the person who wants them to extend credit to them in order to decide the best way to limit their risk in extending that credit.


Can you ever go back to the original creditor if the debt has been charged off?

You can go back to the original creditor, but they may not offer you a line of credit. Usually they will not extend any more credit after it is charged off, but this is an individual company or individual decision.


Would a credit card company reissue a card to a surviving spouse with a low income?

No, a creditor would not issue a card or extend credit on the account of a deceased spouse. The creditor might be willing to issue a card to the surviving spouse based on his or her own financial situation.


Can circumcision extend?

Surgery can extend, but the surgical procedure that does it is not called circumcision.


How can one lower credit cards monthly payments?

The best way to lower one's monthly credit card payments is calling the card issuer and explaining why one wishes to lower the rate. Depending on the creditor they may extend the due date.


Do you have to supply ssn to credit card companies?

No, but neither do they HAVE to extend you credit.


Why do companies extend credit?

Companies extend credit to their customers for several reasons. One reason is financial. Companies make money from charging customers interest on their credit lines.


Is the accounts receivable clerk responsible to extend credit?

No


Request for Bank or Credit Reference?

Get StartedWholesale suppliers, retailers, banks, lending institutions, mortgage companies, and other credit providers often seek information about an Applicant's credit history when deciding whether to extend credit. This letter is used to request credit history information about an Applicant from a bank or other lending institution such as a savings and loan or mortgage company, a trade creditor, or some other credit provider.Credit history information is private and confidential. As a result, the Applicant must authorize the release of the information to your organization in order for the creditor to release it to you. This authorization must be submitted with your request letter. The authorization is usually contained in the Credit Application, which is signed by the Applicant. The release of confidential credit history information without such a release could subject the creditor to civil and/or criminal liability.


If a credit card is not activated does it still reflect on your credit report?

Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.


Is it wise to do credit sales in a business?

Though risk factory is there in credit sales, you are to extend credit against sales to stay in business. However, to safeguard your interest, you are to extend long term credit to customers only assessing detailed whereabouts ,financial standing, credit worthiness etc.


How long should you wait to pay off your auto loan to positvely affect your credit score?

The sooner you pay it off, the better. Credit agencies rate you based on the amount of debt you can handle, among other things. This mainly pertains to revolving credit, i.e. credit cards, however. The sooner you can get debt into your name and then rid of it may extend the amount of credit a creditor will lend you in the future. This is just a possibility, as all three 3 major credit bureaus are different.

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