When making a loan for a large amount, the creditor bank will in any case be interested in the solvency of its future client, as well as its borrowed past. However, these parameters are usually analyzed with great care. In some cases, verification can last even a few weeks, or even months.
The bank does not hesitate to consider the financial possibilities of the borrower from all sides, trying to take into account the most diverse options for the development of events. At the same time, all variants of the development of events are always prescribed in the loan agreement. As for the verification procedure, it is not some standard. Today, there are many different methods, the use of each of which is determined by the individual characteristics of the client. In particular, the financial status of the client is analyzed in most cases by the credit rating.
But is it really possible in the decision-making process to be sure of the reliability of all data that relate to the client's solvency? In the case of a credit rating, this is quite feasible, because in this case a lot of variables are taken into account, and the approaches to determining the borrower's rating also differ.
Currently, the three most popular methods for evaluating the credit rating are actively used. The first type of assessment involves conducting an analysis of financial indicators, computer analysis( scoring) and checking credit history.
The most commonly used method is the scoring method. The reason is quite clear - the high speed and efficiency of such verification. The advantages of such a technique can be attributed to the fact that for the shortest period of time the lender can identify all the main characteristics of the client that are directly related to its solvency. At the same time, the borrower's profession, his employment, availability of a deposit, sex, place of residence, etc. are analyzed. At the end of the scoring check, the so-called credit rating of is issued.
After checking potential borrowers, each of them is placed in its conditional risk group. There are two such undesirable and trustworthy clients. In some cases, verification can be carried out in a comprehensive manner, that is, using all three methods. But in this case, the time of checking the borrower will be increased.
Thus, scoring is a special methodology for calculating a rating, in which the key role is played by indicators such as income level and employment of the borrower. Based on this, the opinion of the financial institution is formed, as well as the decision whether to work with such a person or not.
