Credit checks


 

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Credit checks

These are checks made when you try to borrow money or purchase goods on hire purchase, and are used to determine the risk of lending you money. They will examine your credit history and check for payment defaults and what you owe to other financial organisation. A credit agency is often used.



Credit checks

Similar Matches

Equity Line Of Credit

Equity Line Of Credit

A combination of a line of credit and equity loan. A maximum loan amount is established based on credit and equity. A mortgage (deed of trust) is recorded against the potential borrower's property for said maximum loan amount. The potential borrower has the right to borrow, as needed, up to the amount of the mortgage.


Transferable letter of credit

Transferable letter of credit

Document that allows the first beneficiary on a standby bank assurance of funds to transfer all or part of the original letter of credit to a third party.


Creditworthiness

Creditworthiness

Eligibility of an individual or firm to borrow money.


Creditors

Creditors

People or companies who are owed money by debtors.


Export credit

Export credit

A loan to the buyer of an export, extended by the exporting firm when shipping the good prior to payment, or by a facility of the exporting country's government. In the latter case, by setting a low interest rate on such loans, a country can indirectly subsidize exports.


Further Suggestions

Credit analysis
Credit
Retail credit
Nonaccredited investor
Federal Farm Credit System
Credit spread
Federal credit agencies
Backup Line of Credit
Crediting rate
Federal Intermediate Credit Bank
Revolving line of credit
Consumer Credit Protection Act of 1968
Financial institution buyer credit policy
Commercial letters of credit
Federal Farm Credit Bank
Foreign tax credit
credit reference agency
Comparative credit analysis
Close end credit
credit clearing
Unified tax credit
Accredited investor
Unconfirmed Letter of Credit
Full faith and credit obligations
Trade credit


 
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