Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
Related Definitions
Related Categories
Tip of the Day

Tip of the Day If You Don't Understand How An Investment Works, Don't Buy It

If You Don't Understand How An Investment Works, Don't Buy It - One of the most common mistakes made by people is buying things that they don't understand, and that...

read entire tip

Related Podcasts
Recently Added
Other Great Sites
 

Credit Check Reference

A credit check reference is usually used by a company looking to obtain additional funding. That money could be used for a business startup or an expansion, depending on the company’s needs. The credit check reference is selected by the company looking for a loan and can be called by the prospective lender as part of their background check process.

A credit check reference is especially important for new companies with a limited credit history. The credit check reference is likely one of the few companies familiar with the company interested in a loan and has probably extended them a line of credit already. Banks or other lending institutions will be interested to know exactly how that line of credit has been used and what kind of relationship the company and the credit check reference have after a period of doing business together. The bank will be looking to make sure that not only has the credit been utilized, but payments have been made on time and in the necessary amounts (or more).

When a lender calls a credit check reference, they may be somewhat wary as the credit check reference is someone the prospective customer has selected themselves. If the bank or lending institution does not have a past history with the credit check reference, their number of questions may be longer and a bit stronger than they might be otherwise. The questions will almost certainly include the following: how much credit have you extended the potential customer? Do they owe you money? If they are making payments, are they on time and how much are they? How often are the payments made? If the bank or lending institution isn’t satisfied with the answers they’ve received, it is within their rights to ask the credit check reference for other companies who may also be doing business with the potential customer and contact them as well. If a bank or lending institution has any concerns about the potential customer’s abilities to repay a loan, they will likely contact all credit check references before making a final decision on whether or not to extend an offer of assistance.

Discuss It!

Moncler Outlet said:

Jackets to the ladies are styled to bazaar delicacy with moncler prix assorted abreast styles. but today moncler veste lets you change the angle on the current!

Kik messenger said:

Presently as all of you realize that because of its excellent features Kik messaging application is used worldwide by million number of users.

appvn apk download said:

If you are one of those people who like get everything on a smartphone for free then this is for you

Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Non-Callable

Non-Callable - Non-Callable is the bond or the preferred stock, preference share, redeemed by the issuer before its maturity date, or a date specified in the bond indenture or share prospectus, only on the payment of a penalty. Such call fortifications safeguards the holder from loss of interest income caused...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com