week 8


credit and service
money is a loan where the person agrees to repay the amountrequested in the time or period defined as the conditions for theloan plus accrued interest, insurance and associated costs if any.
types of credit


1.Traditional Credit: Loan which includes a foot and a number ofshares to be arranged. Typically, these fees include insurance for any involuntary loss.
2.Consumer Credit: Loan for short or medium term (1 to 4 years)used to purchase goods or to cover utilities.
3.Trade credit: A loan is made indistinct size companies for the purchase of goods, payment for services of the company or to refinance debt with other institutions and short-term suppliers.
4.Mortgage Credit: Money that the bank or financial delivery to buy aproperty already constructed, land, housing, offices and other real estate, secured by the mortgage on the property acquired orconstructed, typically is agreed to be paid in the medium or longterm (8 to 40 years; usually 20 years).
5.Consolidated Credit: A loan that adds all the other loans you havein progress, a single new loan. Reunify all of your loans allows you to lower the interest rate on short-term loans and pay less per month.

 aspects of credit analysis

1.Applicant's credit history.
2.Side effects that may be the granting of credit.
3.Affordability of people seeking credit.
4.Capital to respond to credit.
5.Conditions under which the applicant is credit.