The number of assets they own so they know how much to loan them.Whether they can be trusted with the loan amount.How much money they have in their accounts. Specifically, a bank statement shows the lender: The applicant’s most recent spending or saving habits will show through their bank statement and can be the difference in whether the lender will approve or deny the loan. But usually, they want to learn more about the person and their spending habits. Lenders have several reasons for wanting to see their customers’ bank statements. While missed payments for credit cards or personal loans may demonstrate that an applicant might not meet payment deadlines. Other factors, like direct debits, may show the applicant’s reliability and consistency.
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