What are the six steps of credit granting process?

Answer 1

first cut a hole in the box 2 put your junk in the box 3 have her open the box

Answer 2

1. Application: The process starts with the customer submitting a credit application to the lender.
2. Evaluation: The lender assesses the applicant's creditworthiness based on factors like credit history, income, and debt levels.
3. Decision: The lender decides whether to approve or deny the credit application.
4. Terms: If approved, the lender sets the terms of the credit agreement, including interest rates and repayment schedule.
5. Disbursement: The credit is issued to the borrower once the terms are agreed upon.
6. Monitoring: The lender continues to monitor the borrower's creditworthiness and repayment behavior throughout the loan term.