The broker has the authority to perform on behalf of the lenders actual activities related to the conclusion of credit or loan agreements (acceptance of applications, presentation of offers, collection and processing of personal data, identification and verification of identity, receipt of consents and statements) and in some cases the authorization to perform legal
Creditworthiness stands for creditworthiness – and thus for your ability to repay a loan in accordance with the contract. A lender uses a credit check to determine whether you and your company are financially sound in order to meet a payment obligation as agreed. If the credit check is good, it will lend you money.
How you can improve your credit rating with a debt rescheduling The rescheduling of your existing business loan can be useful for many reasons. Both your credit rating and the interest rates offered by the banks change over time. You can use these changes to your advantage to improve your creditworthiness and to save
The term creditworthiness is generally equated with creditworthiness. It describes the probability that a private individual or a company can repay a loan taken out. Conversely, it describes the risk of default. To simplify this, the creditworthiness is recorded quantitatively using a numerical value. This is called a credit score. Creditworthiness is therefore a decisive
One of the most frequent doubts about financing projects with crowdlending is how to make a budget that fits your needs correctly. When you are going to ask for a loan, you may have doubts about what you should take into account to calculate the total amount, since without that calculation you could
Many times we have found ourselves in situations where we need urgent money for different reasons and we cannot acquire it easily and quickly. This makes us borrow or borrow money from a friend, lender or family member, finding ourselves in a situation that is not simple, since we must return it in an estimated
Life without the Internet has become unthinkable. We can do anything through wire. In just a few mouse clicks, we can buy sneakers from the United States, cycling equipment traveling from Thailand, or simply transfer money from your account. These are all the magic of internet banking that make it easy for us to make
Ever heard of documented letters or letters of credit? A documented credit letter is a statement issued by the bank based on the request of the applicant who is also the customer of the bank. This letter of credit is made as a form of request for the provision of funds in a certain amount