What is the question about the account?
Inquiry is a request for information relating to a specific account, often in order to evaluate the loan extension or some type of credit authorization. Financial institutions, such as banks, credit companies and credit card companies, often when renewing the customer's account or evaluate the application for some type of new credit when renewing your customer account or evaluation of the application. The idea of investigating an account is to find out whether the customer represents the level of risk for creditors or creditors based on how this customer manages the already established financial accounts.
When presenting a query to the account, the issuer may require information about credit accounts, deposits and even other financial accounts that the applicant holds the applicant at the same institution. Together with requesting information from the Agency for Reporting Loan, this type of inquiry can provide valuable information about past history that may include traces of closed accounts, any persistent problems with current ACCOUNTS and howThe type of additional credit or loan, which the applicant can be reasonably expected to manage without the strong potential for failure.
One of the advantages of conducting an account investigation is that creditors and creditors have the opportunity to protect themselves from the expansion of resources to someone who is very unlikely that it could repay the debt according to the conditions. For example, if a bank query provides information that indicates that the account holder is regularly pumped up, this can serve as a warning signal that the applicant has money management problems. High balances on existing loans, especially compared to the data collected concerning the income level, also often indicate that the expansion of additional loans or loans may not be in the best interest of the creditor. By filtering and rejecting candidates who pose a significant risk to creditors, tzjájmy other customers are protected and chances of creditors causing significant losingThese are kept to a minimum.
On the contrary, the results of questioning on account can actually speed up consent to a new credit card or loan. If the applicant for the account provides fiscal liability and a healthy financial judgment, the risk for creditors is often within acceptable limits. Under these circumstances, the creditor may consider finding out of the investigation of the account as sufficient reasons for approval of the application and extend the loan or loan to the applicant, often with excellent interest rates and conditions.