Creditworthiness
The credit check is a crucial part of the credit check, evaluating the applicant's financial reliability. This involves assessing the ability to meet future payment obligations in full and on time. A positive credit rating signals that the person or company is likely to be able to reliably service financial obligations. This is a crucial means of avoiding payment defaults and protecting both the lender and the borrower.
Important information on creditworthiness can be obtained from various sources. These include, for example, the Zentralstelle für Kreditinformation (ZEK) and renowned credit reporting companies such as Crif or Intrum. This data forms an important basis for the decision on granting credit.
At Crowd4Cash, a thorough credit check is an integral part of the lending process. In this way, we ensure responsible and secure lending that meets the interests of both borrowers and lenders.
