asked 57.0k views
3 votes
How to evaluate the creditworthiness of customers both individual consumers and business customers? ​

asked
User Ekky
by
8.9k points

2 Answers

6 votes

Answer:

The three most commonly used credit reporting agencies that measure creditworthiness are Experian, TransUnion, and Equifax.

Credit helps you purchase a home, lease a car, rent an apartment, etc. Credit is very important, but also very dangerous. Mistakes you make will have a lasting impact that will stay on your credit report for years. NEVER max out a credit card, it will greatly impact your score and any future loans you need for the next several years following the max out.

Credit, in my experience and opinion, is really for lenders to see how responsible of a spender you are.

Step-by-step explanation:

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answered
User Joseph McCombs
by
8.0k points
3 votes

Answer:

Here are six ways to determine creditworthiness of potential customers.

  1. Assess a Company's Financial Health with Big Data. ..
  2. Review a Businesses' Credit Score by Running a Credit Report. ...
  3. Ask for References. ..
  4. check the Businesses' Financial Standings. ...
  5. Calculate the Company's Debt-to-Income Ratio. ...
  6. Investigate Regional Trade Risk.

Step-by-step explanation:

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answered
User Cgons
by
8.7k points
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