credit reference
"Credit references" are essential tools in evaluating the financial reliability and creditworthiness of individuals or businesses, often used by lenders, landlords, and employers.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
C1Financial Assessment
(formal, technical)A report detailing an individual's or organization's credit history and current credit status.
Example
- Before approving the loan, the bank reviewed his credit reference to assess his financial reliability.
C1Creditworthiness Verification
(formal)A document or communication from a third party attesting to an individual's or business's reliability in repaying debts.
Example
- The landlord requested a credit reference from her previous landlord to ensure she was a responsible tenant.
C1Lending Evaluation
(technical)An assessment used by lenders to determine the risk of lending money, based on past financial behavior and credit history.
Example
- The credit reference indicated a high level of debt, which made the lender hesitant to approve the loan.
Similar
Terms that have similar or relatively close meanings to "credit reference":