Lenders Evaluate New-to-Credit Customers for Loans and Credit Cards

Lenders employ specific methods to evaluate customers who are new to credit when they apply for their first loan or credit card, with existing banking relationships often playing a key role.

3 Jun, 14:29 — 3 Jun, 14:29

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Times of IndiaMostly Factual90d ago

Planning to get your first loan or credit card? How lenders evaluate new-to-credit customers

Not having any credit accounts is a big disadvantage when looking to access new credit. But what can help is your existing relationship with banks, particularly those that hold your salary or savings account.

By SANTOSH AGARWAL

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Lenders Evaluate New-to-Credit Customers for Loans and Credit Cards

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Planning to get your first loan or credit card? How lenders evaluate new-to-credit customers

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