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Before applying to the bank, everyone thinks, will he be able to get a loan? No one wants to find themselves in an awkward situation when they are rejected because they earn little or have a bad credit history. That's exactly why you need to know how to pass a bank check.

When a client applies to the bank, the first thing he does is to make a questionnaire. In each Finnish bank, the application form looks different, but basically the following information is indicated:

First Name Last Name;
Identification code;
Registration address;
Passport number and series;
Approximate amount and term;
What amount can be deposited immediately (if necessary);
Purpose of lending;
Place and work experience (also previous place);
Salary;
Family status.

They may also offer to fill in the fields about personal property (apartment, car, deposits, shares, etc.). Basically, this will matter when you need to assess the creditworthiness of the borrower when making a loan for a large amount. It is recommended to indicate everything that may matter: the availability of higher education, the amount of deposits, the number of apartments, unofficial income, etc. If an installment plan is taken for the goods, the analysis and assessment of the borrower's creditworthiness takes place mainly on the basis of data on work and salary.

The analysis of the creditworthiness of an individual at the first stage includes verification of the reliability of the information provided. The information is perceived as an assessment of the client's creditworthiness and influences the decision-making.

The creditworthiness of individuals can be assessed in two ways:

Automatically
Manually (for a large amount).

Automatic verification is performed by the client and occurs when the client has already applied to this bank and is going to take out a small loan.

The analysis of the client's creditworthiness is carried out manually when a loan for a large amount is issued or the lender has doubts about the reliability of the information provided.

Manual verification takes longer, but you cannot cancel it or ask not to do it. It is conducted by employees of the main office, and not by credit managers. This was done in order to ensure objectivity in decision-making not on the part of the manager who is interested in issuing a loan, but on the part of a disinterested underwriter.

Why is a credit history so important?

The borrower's assessment is always accompanied by an analysis of his responsibility and the credit history is taken into account first of all. If the client has a negative credit history, all other points may no longer be important. Irresponsible attitude to loans makes the borrower unreliable when re-applying and increases the risks when making a transaction.

Where can I get money?

Banking organizations assess the creditworthiness of an individual from the financial side and require to provide as much information as possible. However, if you are denied a loan, they will never tell you the reason. In order not to run from one bank to another in search of money, it is better to immediately use another option – to take money online from Finnish online lenders. The application is submitted online, and the funds are credited to the card automatically. The data is checked completely automatically. Many lenders allow the issuance of a loan to a client with a damaged credit history. In Finland, there are many credit companies and credit brokers working via the Internet, fill out an application and receive money mono within a few minutes.