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Granting credit typically depends upon three factors: character of the borrower, capacity to repay, and capital used as collateral

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14y ago

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Related Questions

What does a credit department do in a bank?

credit department handles the credit granting, credit collection and credit limits of their applicants


Does the optimal credit policy minimizes the total cost of granting credit?

Yes


Where can I find my credit report score?

You are correct that banks often check your credit score before granting a loan. There are many companies that offer your credit score including http://www.myfreecreditreport.com


What is the function of credit reporting agencies?

Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase these files


Explanation letter for show cause notice?

not conducting credit investigation to the client before granting the loan


What is the accounting double entry for granting staff loans?

[Debit] Staff loans [Credit] Cash / bank


Can I get credit from Home Depot?

Yes home depot does have a credit card for its company but it does depend on your credit score and your credit history on if you can get the credit card


What is the job description for a credit manager?

The basic job description for a credit manager is to be accountable for the entire credit granting process. This process includes the consistent application of credit policy, periodic credit reviews of existing customer, and the assessment of the creditworthiness of potential customers.


Why creditors use accounting information?

Creditors want to evaluate before granting credit to company that will company be able to return back credit when maturity time arrives.


What types of discrimination are unlawful in granting or denying credit?

The Equal Credit Opportunity Act prohibits a creditor from discrimination in granting or denying credit. Discrimination is unlawful based on race or color, national origin, sex, marital status, age, religion, or public assistance status.


What is responsible for granting college credit based on AP exam scores?

The college or university you will attend - Apex (:


Depending on the state of the market the government may reduce the taxes collected from the private sector by granting what?

Tax credit