Credit Utilization Ratio
What is the Credit Utilization Ratio? The credit utilization ratio, also known as the balance-to-limit ratio, compares the amount of credit used versus the total available credit. The ratio outlines how well an individual is managing their credit and is used by consumer credit reporting agencies such as TransUnion and Equifax as part of their...
Credit Analyst Tasks
What are Credit Analyst Tasks? Credit analyst tasks primarily involve deciding whether individuals and businesses applying for credit (either for personal use or business use) are given credit. Credit analysts help banks and financial institutions allocate credit and manage risk effectively. The specific tasks and responsibilities of a credit analyst depend largely on his level of...
Credit Score Analysis
What is Credit Score Analysis? Credit score analysis is the process through which different companies evaluate an individual’s or a company’s credit score to help determine how creditworthy the entity is. A credit score is significant because it takes into account how many times credit was used and how efficiently it was repaid. How Credit...
How to Assess Effective Management?
How to Assess Effective Management? Management is an integral part of any organization. How well an organization is managed under specific circumstances can make or break it. Hence, effective and efficient management is the sole reason for any organization’s success. It is imperative for an organization to strive for effective management. Effective management practices are...
Creditworthiness
What is Creditworthiness? Creditworthiness, simply put, is how “worthy” or deserving one is of credit. If a lender is confident that the borrower will honor her debt obligation in a timely fashion, the borrower is deemed creditworthy. If a borrower were to evaluate their creditworthiness on her own, it would result in a conflict of...
