Credit Lenders


Britain's most popular lenders unveiled In total, 18% of the 500 respondents indicated that they were most likely to obtain a credit or debit card from the Madrid-based banka. RBS/Natwest came second with 16% of the votes Halifax/Bank of Scotland and another two points behind RBS/Natwest with 14%. Men, however, prefer the EIB to females, with 20% of men choosing Santander and 15% of females.

Santander was in fact the third election for females, behind Halifax/Bank of Scotland and RBS/Natwest, who took first place with 16% of females. "Respondents to our poll said that confidence and an outstanding client environment are critical in their selection of bank. The results suggest that British banking may still be fighting to restore the confidence that has been damaged by the global economic downturn, especially among men.

"Whilst a brand's image needs to take a while to recuperate when confidence is gone, introducing market-leading consumer experiences can help win back or retain consumers.

Cs Five Of Credit - What Lenders Are Looking For

Lenders evaluate your credit exposure when you request a credit, using a number of different criteria, such as your credit and payments histories, your earnings, and your overall economic condition. Below is some extra information to help you better illustrate these facts, also known as the "5 Cs", so you can better comprehend what lenders are looking for:

Loan history: Qualification for the different kinds of loans depends largely on your credit histories - the credit management and payment success stories you have built up over the years. First and foremost, your credit reports are a comprehensive listing of your credit histories, including information provided by lenders who have granted you credit.

Whilst the information may differ from credit bureau to credit bureau, the credit records contain the same kinds of information, such as the name of the lender who granted you credit, the type of credit you have, your paying behaviour and more. As well as credit information, lenders can also use a credit rating that is a numerical value - typically between 300 and 850 - calculated from the information in your credit information.

Credit Scores serve the creditor as a credit rating measure on the basis of your creditworthiness. In general, the higher the number of points, the lower the level of exposure. Loan Office Credits are often referred to as "FICO Scores" because many of the Loan Office Credits used in the US are created from Fair Isaac Corporation (FICO) proprietary development work.

Whilst many lenders use credit score to help them make their credit decision, each has its own set of credit rating rules according to the degree of exposure they consider appropriate for a particular credit instrument. Creditors need to find out whether you can conveniently make your payment. Yours and your job histories are good indications of your capacity to pay back debts.

Credits, line of credit or credit card that you request may be secure or not. Creditors may want to know how you are planning to use the funds and will consider the purposes of the credit, such as whether the credit will be used to buy a car or other real estate. 5 C's of Credit is a commonly used concept in financial services.

Knowing them now will allow you to better anticipate the issues you may be asked when you next request credit.

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