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Is Financial intermediaries are firms that extend credit to borrowers using funds raised from savers?
Wiki User
∙ 12y ago
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Wiki User
∙ 12y ago
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What are the credit appraisal technique?
When a financial institution is looking to extend credit, they need to conduct an appraisal of the borrowers credit. The technique that is used varies from institution to institution but follows the same principals. The debt to income ration is examined and the repayment source and probability are also examined.
What are the appraisal technique?
When a financial institution is looking to extend credit, they need to conduct an appraisal of the borrowers credit. The technique that is used varies from institution to institution but follows the same principals. The debt to income ration is examined and the repayment source and probability are also examined.
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 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.
What is a good credit card with low interest?
Keep in mind that interest generated by credit cards is a major source of revenue for lenders. That said, lenders are not motivated to extend "low interest" to borrowers (which is what a credit card is: borrowing) except in promotional offers that might extend zero interest for six to twelve months. Go to www.creditcards.com to review the various offerings from lenders.
How can you get denied for a secured credit card Is it not your money?
Financial institutions have their guidelines for extending credit - whether secured or unsecured. They are not required to extend these products to persons not meeting their guidelines.
How does one get a credit and loans for a business?
Persons can obtain credit and loans for various business ventures through any financial institution. Many banks will extend credit in the form of credit lines or business loans. One can call their local bank and speak with a lending officer for more information.
Do you have to supply ssn to credit card companies?
No, but neither do they HAVE to extend you credit.
What role the commercial banks play in financial market?
Commercial banks offer services and facilities for people to manage their money, seek lines of credit, and invest the in the stock market. This allows the financial market run when money is circulated.
Is the accounts receivable clerk responsible to extend credit?
No
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.
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.
