Profits and losses in the real estate market

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Types of scoring How to improve an entrepreneur's credit scoring? Credit scoring - summary What is credit scoring? Credit scoring allows financial institutions, banks and lenders to determine the creditworthiness of entrepreneurs or private individuals. This is an analysis thanks to which they are able to determine whether a given entity has creditworthiness. It determines the acceptance or refusal to grant various types of credits and loans.

The scoring result is obtained by comparing the applicant with the profile of customers who have already received a loan. A number philippines photo editor of factors are taken into account to verify whether the borrower will be able to repay the loan within the next months. The higher your credit scoring value, the better your financial situation and the greater your chances of receiving financial support. What influences credit scoring? Creditworthiness analysis is a complex process that takes into account many factors determining the entrepreneur's financial situation. These include: The company's fixed assets and financial assets; Size and market presence how long you have been in business.



The industry in which the company operates; timely fulfillment of financial obligations, repayment of installments, etc.; Timely and correct fulfillment of tax obligations and financial statements; Court judgments or commenced bankruptcy proceedings may significantly reduce the chance of obtaining a loan; Information about the financial or legal situation of the company owner, decision-makers, etc. An important institution that has data on the credibility of companies is the Credit Information Bureau (BIK). However, it is worth remembering that each bank can use its own scoring method and take into account the factors it chooses.