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Credit checks |
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Credit checksThese 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 MatchesExport creditExport creditA 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. Creditors committeeCreditors committeeA group representing firms that have claims on a company facing bankruptcy or extreme financial difficulty. Confirmed Letter of CreditConfirmed Letter of CreditA letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. This additional confirmation is in addition to the obligation of the bank which issued the letter of credit. Credit insuranceCredit insuranceInsurance which covers the monthly payments on an outstanding debt for a fixed period, in the event of illness or unemployment. Unconfirmed Letter of CreditUnconfirmed Letter of CreditA letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and conditions. Further SuggestionsCredit cardSyndicated Eurocredit loans Standby letter of credit Credit agencies Credit quality Sight Letter of Credit Purpose credit Tax credit Credit rating Best interests of creditors test unified tax credit credit control Demand line of credit Credit history Trade credit Line of credit Eurocredits credit clearing Credit Credit analysis Eurocredit market National Credit Union Administration Bank Letter of Credit Policy Credit insurance Time Letter of Credit |
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