credit check

Definitions

Forex

  • A process used by creditors, landlords and employers in order to ascertain the credit worthiness and ability to pay of a prospective borrower, tenant, or employee. Credit information is obtained with a Social Security number from the consumer credit bureaus which includes payment history, credit balances, employment information, as well as an internally generated credit score.

Real Estate

  • noun a check of an individual’s borrowing and repayment history, undertaken by a financial institution and used for assessing the creditworthiness of a potential customer
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