Credit Investigation

Question 1

A procedure undertaken by a financial institution to vet a potential client’s ability to pay back a loan

Answer 1

Credit Investigation

Question 1

Inquiry from existing credit records

Answer 1

Credit file verification

Question 2

Inquiry against compilation of names of persons against whom collection cases have been filed by creditors

Answer 2

Court case verification

Question 3

It is always conducted on borrower’s ________

Answer 3

personal name and known aliases and trade/ business name

Question 4

The details and documents provided by the customers like ID Proof, address proof etc. have to be personally visited and verified to prevent fraudulent activities

Answer 4

Field Verification

Question 5

Inspection of applicants residence address/ locality and verification with the nearest neighbors and store owners in the vicinity

Answer 5

Residence/ Neighborhood Verification

Question 6

Verify the applicant’s and spouse’s correct name including their______

Answer 6

middle name, aliases, ages and citizenship

Question 7

Verify the respective _______ address

Answer 7

provincial

Question 8

Determine ________ descriptions

Answer 8

house

Question 9

Determine if client owns a _____ and other _________

Answer 9

vehicle, household appliance

Question 10

Determine the client’s general _______ and type of _____

Answer 10

living condition, neighborhood

Question 11

Determine the number of ______, _____ and ______

Answer 11

children, age, school

Question 12

Determine the ________ bracket of the applicant and the _______

Answer 12

bracket, spouse

Question 13

Verification of information related to the applicant and related interest business

Answer 13

Business Verification

Question 14

Confirm/ verify the ______ of ________ business

Answer 14

nature, subject’s

Question 15

Check the business __________ including the ________ when it was ________

Answer 15

history, date, organized

Question 16

Inquire from the ________ of the building if the client is holding business therein and _____ of the client

Answer 16

administrator, paying habits

Question 17

Compare _____ information from the ____ of the business

Answer 17

financial, accountant

Question 18

check the business ________

Answer 18

premises

Question 19

Check if the _____ has branches/______

Answer 19

business, affiliates

Question 20

gathering of additional or confirmation of information related to the applicant’s jobs

Answer 20

Employment Verification

Question 21

Determine client’s employment _______

Answer 21

status

Question 22

Determine _____ of stay with _____ employer

Answer 22

length, current

Question 23

Confirm p_____

Answer 23

position

Question 24

Confirm c_____

Answer 24

compensation

Question 25

Confirm client’s __________ address

Answer 25

residence

Question 26

character of the client and his paying habit thru creditors

Answer 26

Trade and Bank Verification

Question 27

Applicant’s _______ maintained with _______

Answer 27

accounts, banks

Question 28

Average _______ balance

Answer 28

daily

Question 29

Present b_____

Answer 29

balance

Question 30

Status of A______

Answer 30

Accounts

Question 31

Bank’s ______ in dealing with ______

Answer 31

experience, applicant

Question 32

is an estimate or opinion of value usually transmitted in writing of adequately described property as of specified date supported by presentation of analysis of factual and relevant date

Answer 32

Appraisal

Question 33

Highest price estimated in terms of money which a property will bring if exposed for sale in the open market

Answer 33

Market Value

Question 34

General consideration in the choice of collateral

Answer 34

Stability of value,
General purposes/ use, Liquidity/ stability

Question 35

Types of collateral

Answer 35

Real Estate Mortgage
Chattel Mortgage

Question 36

a loan for a manufactured home/ other movable piece of personal property

Answer 36

Chattel Mortgage

Question 37

Movable property

Answer 37

Chattel