Asking and giving a loan and asking and giving love resemble. We will all require it, we will all look for it at some point, one or several times.
To determine if a prospectus person is suitable for us we analyze it by passing it through our taste filters and requirements that we have previously established as minimal. Which ones do you have? The age, the height, that the person is nice, with a good heart, that has a good job …? Generally the criteria will be different among us, but the truth is that we are always looking for the best possible profile to be more likely to have a beautiful, healthy and happy relationship with that person.
Credit grants also establish their tastes and minimum requirements to establish relationships with potential clients or with their current clients. Physical beauty is not an issue that could play, as in the case of love, but how about income, level of indebtedness, payment capacity, payment behavior, your age, your level of risk, your appetite to credit, etc.? These data are obtained by the credit grantors of the information contained in the credit and credit bureau products such as the credit report and the Mi Score, to appoint only two of the most requested.
When we go to request a loan our data and profile are run through decision engines that automate and standardize the processes; If necessary, applications are also physically reviewed by risk analysts.
From there the convenience of granting a loan is determined, the most appropriate amount and conditions for that credit applicant are defined.
If we want to have good chances of obtaining a loan, the ideal would be that we were a person with sufficient income to pay what we are asking for, that our current level of debt is healthy and therefore we have sufficient credit capacity for another commitment, that we have enough life to be able to fulfill the term of the credit, and that we have a good payment history that generates trust, among others. The list of requirements and tastes, as in the case of love, could clearly be more extensive and varied.
What if any person or credit grantor does not want to have a relationship with you at this time? Do not be discouraged that in both cases there are enough where to choose from.
About the author:
Wolfgang Erhardt is a national spokesman for Bureau of Credit, spokesman for the Latin American and Caribbean Association of Burós de Crédito, and author of the book “I want a loan! How to obtain and keep it.”
Twitter: @WolfgangErhardt
LinkedIn: Wolfgang Erhardt
The opinions expressed are only the responsibility of their authors and are completely independent of the position and the editorial line of Forbes Mexico.
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