Financial credit
Financial credit (English: Credit), that is, to provide loans and generate debt. In many cases, financial credit can also refer to the credibility and ability of the borrower to repay the debt. Credit means that a person can first get money or goods, the future payment of the limit. Another way in which credit is generated is a late payment in the course of a commodity transaction. It is a positive credit record before the deadline. Therefore, the people who pay off their arrears are better off than those who have not borrowed money. The credit limit is also easier to expand. If the overdue borrowing is not called a default. If the object is a financial institution, the personal default will be noted in the credit bureau database. In most countries, it would be difficult to borrow again from a legitimate financial institution when the default was serious, until the agreement or court made a decision. The ...