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DUO EXPERT
HOST
ANG NAGREREKLAMO
INIREREKLAMO
PERSONAL CREDIT
- are required of a financial institution providing the person for household expenses or consumption.
CREDIT SCORE
Number given to you by the credit reporting agencies. Everyone over the age of 18 has a credit score. If you have never had credit, then you have a score of ZERO.
RATING R0 or I0 R1 or I1
DESCRIPTION You are new to the credit world, and you have an insufficient credit history. You pay your credit back in 1 month.
R2 or I2
R3 or I3
R4 or I4
R5 or I5 R7 or I7 R8 or I8 R9 or I9
o Good credit is when you payback an IOU ( I OWE YOU )on time. o Bad credit is when you do not.
TITLE LOANS
COMMUNITY LOANS
TOP 3 REASONS
1. DEBT CONSOLIDATION 2. PURCHASING A VEHICLE
3. HOME IMPROVEMENTS
oBuyer
To initiate a credit investigation, always begin with the buyer. A tactful way of soliciting this information is for the sellers business to initiate an exchange of antecedent and financial information between the seller and the buyer.
oDirect Correspondence
Direct correspondence is the most common basis for contact with all buyers. Opening accounts presents an excellent opportunity to set a tone that will keep a buyer providing credit information.
oBank Information
An excellent source of credit information is a sellers bank. An inquiry directed through this source stands a better chance of obtaining useful information than one directed to a buyers bank.
Other Sources:
Business Magazines
Newspaper
Trade Journals
CREDIT INVESTIGATION
- Is known as the borrowers identity check. - Is a process used by credit institutions.
CREDIT EVALUATION
- is done by the financial organizations to confirm the loan repayment ability of the prospective borrowers and the chances of default.