That is 'The bank credit' | Information 2019 - What is it?

  The bank credit - total of the credit available to the person or to business from banking institution. It is the total amount of financial institutions of funds, provide to the person or business. Business or the bank credit of the person depend on ability of the borrower to compensate and the total amount of the credit available in banking institution.


2019 - Bank credit

Bank credit , Information - 2019

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DESTRUCTION of 'the bank credit' - information.

  The bank credit for people grew very much for last 50 years as consumers got used to have repeated credit cards. Some experts foretold that financial crisis of 2008 was a red flag which meant return to previous years, when the credit though rather inexpensive, it was difficult to receive, especially for people with poor credit stories.

  The bank credit - the agreement between banks and borrowers where banks trust the borrower to compensate to funds plus interest or for the loan, or for the line of the credit is later than a credit card. These are monetary banks, provide or already provided to clients.

  The bank credit - full jars of possibility of receiving a loan, provide to borrowers. It allows borrowers to buy goods or services. However it demands the fixed minimum monthly payment for the determined period. For example, the most widespread form of the bank credit - a bank credit card. Borrowers begin with zero balance and use the card to make transactions. The borrower paid balance and borrows again until the credit limit is reached.

Approval of the bank credit

  Approval of the bank credit depends on a credit rating and the income of the borrower or other factors, such as the assets accompanying or full the existing debt obligations. There are some ways to guarantee approval, such as reduction of the relation of total amount of a debt to the income. The acceptable relation of a debt to the income makes 36 percent's ; however, 28 percent's are ideal. Borrowers have to hold card balances in 20 percent's or less credit limit and to pay all last accounts. However banks offer the credit to borrowers with poor credit stories with conditions which are the most favorable to banks, but the least favorable to borrowers.


  The bank credit arrives to cost. The cost and conditions vary bank, credit type, a credit rating of the borrower and the purpose of funds. There are two types of the bank credit, provided and poor. Both have various requirements, collecting, interest rates, provisions and conditions and instructions. Collecting includes the sum borrowed plus interest and other charges. Some collecting is obligatory, that as interest rates; some additional, such as insurance of the credits; and some are operated events, are that as the last payment collecting.

Credit for commercial activity

  Many companies need business financing to pay start expenses, to pay for a stream of cash of addition or goods and services. As a result starts or small business enterprises utilize the bank credit as short-term financing.

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