How to check customer solvency

When issuing credit funds, most banks verify customer creditworthiness. This allows you to provide a loan with complete confidence that all debts will be paid on time. There are several ways to check the customer's solvency.

Ask the client to fill out the questionnaire and answer all the questions. It must indicate the source and size of income, family status, the presence of children, property or encumbrances (alimony, loans, etc.). Ask, if he has other sources of income and what it will do in case of loss of work. His answers will provide a more complete picture of solvency. Data must be checked. This method was called scoring verification that many banks use. But it is suitable for issuing a small loan.

If the client wants to take a larger loan, ask him to provide you with an income document in form 2-NDFL. It records a monthly level of income and paying taxes. Thus, it allows you to determine the creditworthiness of the client. If he is employed unofficially, ask him to provide a certificate of any form. The employer must issue a document without any difficult tasks. Also ask to provide a certificate from the organization in which you are working.

The received documents should face and signatures. Compare documents submitted. Help from the place of work and the level of income level should be from one organization. Final verification by calling the organization's accounting department. Most likely you will not provide information about income, but accurately confirm that the individual works in this organization. Individuals of the retirement age should provide a certificate of pension from the Pension Fund.

You can get information about the income of the client in the tax inspection. Many people do not officially work that it does not prevent them from getting a good income and repay debt on time. If an individual has a legal type of income, an income tax in the amount of 13% of all incomes should be calculated from it and translated into the budget. If he is a respectable taxpayer, the tax inspectorate will provide you with information about this.

Ask to provide a certificate of value of the property. If the client is going to take a big amount, but its incomes are non-permanent, this document will have to be very useful. Ask him to provide this property in a deposit and bring a document confirming his ownership of this property. He can also provide you with a reliable guarantor. Try to use all possible guarantees for the timely repayment of the loan.

Brokers estimate the creditworthiness of the client with another way. The client provides all the required documents. From its actual income, all compulsory payments are calculated, for example, payment of utilities, alimony, taxes, loans and other spending. The remaining amount should be divided into two parts. It turns out the maximum possible calculation on the loan per month. Brokering experts proceed from this indicator and select a suitable lending program to the client.

When issuing a loan, make out all the necessary documents and be sure to assure them notaries. Lock the process of issuing money on camera. In advance, provide the most adverse outcome of the development of events and consider the solution to this situation.