We have to deal with on a daily basis. One of them is bad debt, as fewer and fewer people can meet their financial obligations . This is why Credit Scoring was created. In short, it is a mechanism implemented by banks to prevent families from defaulting on their debts . In this way. What it does is predict through software the risk of default that a creditor has. Which allows it to choose the right client for the company. It’s time for you to get motivated and see what. It’s all about so that you can be at the highest level. Shall we see it now? What is Credit Scoring? There is no doubt that since the arrival of the pandemic. We have been in a financial crisis from which we have not been able to fully emerge.
Banks have been one of the most important
Victims because their loans do not. India Mobile Number Data Return as quickly as they lend them. So they created. The concept of Credit Scoring. This is a financial assessment model that predicts a client’s risk of default through a computer program that evaluates how good or bad a creditor they may be. In this way, you have a fairly precise filter that allows you to grant credit only to those people who can pay you back. It also gives you the possibility to make the decision of whether or not to grant credit in real time , which decentralizes the process and improves customer service. This system is currently applied to the retail portfolio, i.e. consumer and mortgage loans , and to small and medium-sized enterprises.
However for non-retail clients
Such as large companies, the rating system Brazil Phone Number List used is the rating. What information does the bank need? When we talk about the information that the entity needs, it is divided into two blocks: clients who do not require formal documentation and those who do. If it is the first group, you will have to deliver: Personal data of the creditor: profession, age, marital status, children and residential address Financial links with the user : bank accounts, cards in your possession, etc. Credit history: a thorough review is made of the loans that the user has requested and those that he has not paid. This will be a definitive step in making the final decision.
