Credit Rating Agencies regularly maintain an inflow of information from various sources (such as utilities, creditors, or lenders) in order to keep tabs on lenders. Such information is converted into an easy to understand the score so that one value can give a lender a summary of the borrower's financial health. Since a credit report is part of the first screening in loan applications, it's important that the same be regularly tracked.
These Agencies track information like names, ages, current addresses, credit facilities, repayment track records and use this information to generate credit scores. Unfortunately, low-rated individuals do not see their loan applications proceed any further than a rejection, as a low credit score indicates problems in the ability of the individual to repay such loans. Since such ratings are generated by external 3rd Party agencies, it pays to have an expert liaison between your enterprise and the external agency, as we are better equipped to understand your enterprise and represent it to the rating agency.
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eStartIndia will help you to a Credit score check for easily obtain a business loan from the comfort of your home, offering you services that are very specialized and tailored for each individual.
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The Credit Score rating that an individual has is the screening process for most loan applications – if one has a low rating, they are rejected. Thus, it’s important to keep a track of the credit score and ensure that no discrepancies exist in the final assessment.
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