Initially, financial institutions carry out the so-called “credit analysis” to decide whether or not to release a certain amount of loan to the customer. But, do you know how this analysis is done? And what are the criteria analyzed by her?

Today, we'll tell you all about credit analysis, as well as show you 4 institutions that perform credit analysis! Check out!

Then, the credit analysis is performed based on several checks of the customer's history. This is because financial institutions seek to carry out the analysis in order to avoid default and also offer lower rates if the customer has a good track record.

And besides, without the credit analysis, interest rates would be much higher, with the risk of customers not paying off their debts!

Well, several criteria are analyzed for the bank to release the loan to the customer. Let's see:

So, first of all, the first stage of the credit analysis is to provide the customer's personal data, such as full name with RG and CPF, date and city of birth, contact information, parents' names, professional data and information about spouse, if any.

It is important to mention that, in certain situations, the bank may request data on assets, means of payment and personal and professional references depending on the credit line.

Then, the bank will do the first check to see if the customer's name has any financial restrictions. In this regard, the analysis will be carried out both at the financial institution itself, as well as at credit protection services such as SPC and SERASA.

Therefore, within this analysis, the institution will analyze your credit score, which is considered one of the main tools for knowing the customer's good payment history.

So, if the score is low, the chances of your loan application being denied increase! For this, you can consult your credit score on the Serasa website and on the Boa Vista SCPC website! And, to improve the score, just keep your bills up to date, keep data up to date and renegotiate debts!

Finally, if the credit is approved, the financial institution will request the necessary documents to validate the registration information! Therefore, this continues to be a credit analysis that, despite having several stages, is usually very simple!

So, check out the 4 financial institutions that do credit checks! Look!

So, digital banks are part of the group of financial institutions that do credit verification.

That's because, just like conventional banks, they need to certify the customer's good paying history to then approve a loan request or even to open an account or release a credit card!

So, again, it's important to keep your credit score high so your chances of getting a credit approval are higher!

Another institution that performs this verification is commercial banks.

This is because commercial banks are private or public financial institutions with the objective of providing resources to finance, in the short and medium term, industry, commerce, service providers, individuals and third parties in general.

And so, commercial banks carry out credit analysis to guarantee the suitability of those who are applying for a financial loan!

So, Caixa Econômica is a public company that performs a typical Commercial Bank activity, with priority for granting loans and financing, and it is important to carry out this verification to guarantee payment through the applicant!

Well, credit unions are financial institutions whose main objective is to provide banking services and financial intermediation, seeking to generate advantages for their members by offering services and cheaper interest rates!

And so, it is important to remain financially stable, doing credit analysis on those who seek in the cooperative a way to get money safely!

Also, if you want to know how to improve your credit score, click on the recommended content below!