Sources of Credit Reports/Summary
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Unit 3.1-Sources of Credit Reports |
Introduction | Components | Purpose | Direct Sources | Other Sources | Indirect Sources | Summary | Resources | Activities | Assessment |
Summary
[edit | edit source]Credit allows a buyer to take possession of something now and pay for it later or over time. An integral part of granting credit information is requesting and analyzing a credit report. This report provides information in order to make a specific decision about granting credit to a company. An investigation, done correctly, has the goal of a seller obtaining accurate and timely information about a buyer, information that will lead to an appropriate decision for a seller in determining whether credit will or will not be approved, and if so, on what terms.