Business, Legal & Accounting Glossary
A credit investigation is a method used by a financial organisation to assess a potential customer’s capacity to repay a loan. Failure to pass this step results in loan disapproval.
When a person asks for a loan from a bank or another financial institution, they are required to provide information about their financial history. This can contain information such as their income, salary, and credit history. These facts will be validated by a credit investigation, which may involve confirming the applicant’s income with their employer.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Credit Investigation are sourced/syndicated and enhanced from:
This glossary post was last updated: 18th January, 2022 | 0 Views.