This report produces lenders more information regarding the candidate’s creditworthiness centered on earlier and recent credit attitude
- Personal stats of a job candidate (title, years, sex and address)
- Business info and income
- Range tough enquiries produced by prospective loan providers on receipt in the loan/credit card software
- Data of earlier and present loans in addition to the repayment record
- Any non-payments on financing
- The main points of settled debts, if any
- Complete borrowing limit plus the levels invested month-to-month (Credit Utilisation proportion)
- Any credit card cost defaults
- Credit History
On the basis of the document, loan providers do the financing decision. But even more important, it provides you with a chance to study your own credit behaviors and get remedial actions if required. Being aware may be the first step to good economic health. Read more