The credit analysis process is organized to analyze the data to allow the analysis of aspects related to the borrower.
Credit analysis is the moment when an assignor agent evaluates a potential return on the part of a credit solicitor, in addition to contemplating the inherent risks of the permit.
The procedure is also carried out to identify customers who may not meet their obligations in the future, thus creating a risk to the organization’s cashier. So through credit analysis, it becomes more practical to identify cases where the client has sufficient financial standing and ability to honor the debt that he intends to incur.
Concept And Importance Of Credit Analysis
The credit analysis process is organized to analyze the data to allow the analysis of aspects related to the borrower. According to Blatt (1999), “This process covers a broader structure than simply analyzing a customer’s credit and financial data for decision making for credit purposes.”
Some small companies do not have the financial backing to keep a credit analyst on their team. Thus, it is not uncommon to see companies arise that offer support to these entrepreneurs, seeking to reduce delinquency and financial loss. , with results reports that include consultations with agencies such as SPC / SERASA.