What Kinds of Things Can Make My Credit Score Go Down?

Credit evaluation is also known as credit evaluation, credit rating, credit rating, credit rating

Credit rating

Right!

Credit rating

Include at least the following explanations:

1. Credit evaluation is based on a set of related

Credit evaluation is a kind of labor service activity that produces information. The information it generates has the functions of witnessing credit and evaluating credit, so it has the following characteristics:

1. Independence. The experience of developed countries shows that credit evaluation should be performed independently by a neutral evaluation agency with legal personality. The credit rating agency should be completely independent of the customer, and put itself in a detached position without any interference from any unit or individual.

2. Marketability. All types of enterprises and securities are operated and used under market economic conditions. Their operations and uses are the same

According to the evaluation object

It can be divided

The method of credit evaluation refers to the technique of analyzing the credit status of the evaluated object and judging the pros and cons, which runs through the entire process of analysis, synthesis and evaluation. According to different signs, credit evaluation methods have different classifications, such as qualitative analysis and quantitative analysis, subjective rating and objective rating, fuzzy mathematical rating and financial ratio analysis, factor analysis and

Credit is an inevitable product of social and economic development, and an indispensable part of modern economic and social operations. Maintaining and developing credit relations is an important prerequisite for protecting social and economic order.

Credit evaluation is a very serious task. The result of the evaluation will determine the financing life of an enterprise. It is an appraisal of the credit status of an enterprise or securities. Therefore, it must be guaranteed by strict evaluation procedures. The results of the evaluation are closely related to the evaluation process. The evaluation process reflects the entire evaluation process. Without a strict evaluation process, it is impossible to have an objective and fair evaluation result. The evaluation process can generally be divided into the following seven stages.

Here are explained separately:

Preparatory preparation (about one week)

1. The evaluation client submits an application for credit evaluation to the evaluation company, and the two parties sign a "Credit Evaluation Agreement". The contents of the agreement mainly include the names of the signing parties, the evaluation objects, the evaluation purposes, the rights and obligations of the two parties. Time to issue evaluation report, evaluation fee, contract signing time, etc.

2. The evaluation company assigns a project evaluation team and formulates a project evaluation plan. The evaluation team is generally composed of 3 to 6 people, and its members should be experts who are familiar with the evaluation of the customer's industry and the evaluation target business. The team leader is a senior staff with a title of project manager or above. The project evaluation plan shall make provisions for the evaluation work content, work schedule and division of labor of the evaluation staff.

3. The evaluation team shall issue a "List of Evaluation Survey Information" to the evaluation client, requesting the evaluation client to prepare the information required for the evaluation survey in a short period of time. The assessment and investigation materials mainly include the evaluation of the client's articles of association, agreements, business licenses, financial statements and audit reports for the past three years, work summary for the past three years, vision planning, statistical statements for the past three years, board records, and other evaluation-related materials. At the same time, the evaluation team should do a preliminary study of the customer situation.

Information gathering phase (about one week)

1. The evaluation team goes to the field for investigation and research. First, it must read and analyze the information provided by the evaluation client. Based on the requirements of the credit evaluation index system, which are already available, and which information and conditions are still missing, further investigation and understanding are required.

2. Talk to the leaders of the relevant functional departments of the evaluation client on the main issues, or hold a forum to listen to everyone's opinions. Be sure to make clear the relevant situation of the evaluation content.

3. As needed, the assessment team also needs to investigate, verify and verify with the competent department, industry and commerce administrative department, bank, tax department and relevant units.

Information processing phase (about three days)

1. Classify the collected data according to confidentiality and non-confidentiality, and store them by file number. The confidential information is managed by a special person and shall not be arbitrarily circulated.

2. According to the credit evaluation standards, analyze, summarize and organize the evaluation data, and fill in the credit evaluation work paper in accordance with the prescribed format.

3. Regarding the quantitative analysis of data, pay attention to whether it has been audited by a certified public accountant firm, and then use the machine for data processing.

Initial rating stage (about four days)

1. According to the requirements of credit evaluation standards, the evaluation team combines qualitative analysis data and quantitative analysis data, comprehensively evaluates and judges, forms a unified opinion of the group, and proposes preliminary results of rating.

2. The group wrote a "Credit Evaluation Analysis Report" and consulted relevant experts.

Determine the level stage (about ten days)

1. The evaluation team submitted the "Credit Evaluation Analysis Report" to the company's rating committee, and the rating committee met for review.

2. During the review, the rating committee shall listen to the detailed report of the evaluation team and review the basis of evaluation and analysis, and finally vote by voting to determine the credit rating and form a "Credit Evaluation Report".

3. The company sends "Credit Evaluation Report" and "Credit Evaluation Analysis Report" to the evaluation customers for comments, and the evaluation customers should provide comments within 5 days after receiving the report. If there is no opinion, the evaluation result shall prevail.

4. If the evaluation client has comments, put forward a re-evaluation request, provide the reasons for the re-evaluation, and attach the necessary information. The company's rating committee will give a re-evaluation after review. The re-evaluation is limited to one time, and the re-evaluation result is the final result.

Stage of announcement

1. The evaluation client requires the credit rating to be published in the newspapers and magazines, and may sign a "trust agreement" with the evaluation company, and the evaluation company will publish in the newspapers and magazines in the form of "credit rating announcement".

2. If the evaluation client does not require the credit rating to be published in the press, the evaluation company will not announce it. However, if the appraisal company has its own credit appraisal newspaper, it should report truthfully regardless of whether the appraisal client agrees or not.

Tracking rating stage

1. During the limited period of credit rating (corporate rating is generally 2 years, bond rating is based on bond maturity), the evaluation company shall be responsible for tracking and monitoring its credit status, and the evaluation client shall provide relevant information as required.

2. If the credit status of the evaluated customer is beyond a certain range (increased or downgraded), the evaluation company will change the credit rating of the evaluated customer according to the tracking rating procedure and disclose it in relevant newspapers and the original credit rating will automatically become invalid.

The above is the general procedure for an independent credit evaluation company to accept an evaluation customer's entrusted credit evaluation. As for the bank credit department to assess the credit rating of an enterprise or an independent credit evaluation company to perform an external credit rating, the evaluation process is relatively simple, without the need to solicit customer opinions Be sure to go to the site to hold a seminar, which can be flexibly mastered as needed.