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What is credit check?

All credit granting is preceded by a credit examination. The purpose of this is to analyze the solvency and the credibility of the interested loan taker. This will ensure that you are able to honor the chosen credit. Find out here how exactly granting credit works and how it protects your interests. Part One: Credit Check The purpose of the credit check is to determine whether the potential borrower is financially able to repay the credit. It is therefore not only of particular interest to know if the client earns enough each month, but also if he has, after spending...