The creditworthiness of bank customers
The credit bureau is a service offered by databases such as end-to-end knowledge company to provide adequate information on the creditworthiness of bank customers. When a bank receives a request for a loan, such as a personal loan or a mortgage for the purchase of a property, the first step it takes is to evaluate the customer’s reliability. This control takes place through an analysis of its credit history and of the applicant’s ability to satisfy the conditions of the loan. This evaluation is no longer carried out in the branch, but relying on specific databases, such as that of the end-to-end knowledge company.
List of bad payers
The end-to-end knowledge company is known in Italy in particular, since it is the main subject to whom we turn to know if we have been included in the list of bad payers, a condition that compromises access to credit. However, this group also performs very important functions for banks, such as the credit score. In particular, a database of this kind makes it possible to obtain information in real time, in order to provide a first general response to the customer about whether or not to grant the financing, even during the first meeting.
The credit report on the customer can then come at a later time, in a more in-depth manner.
This document provides more detailed data to the bank, also taking into account the characteristics of the loan. Obviously, the case in which the applicant is registered by the end-to-end knowledge company as a bad payer will be reported: it is however very likely that this information is already reported in the credit bureau. Other data then concern the sustainability of the financing for the customer’s pockets, thus highlighting the relationship between individual installments and entire capital, or between the value of the loan and that of the customer’s annual income.
The more advanced versions of the credit bureau also offer additional services, such as a geographical risk analysis, taking into account certain territorial characteristics, such as the price of the properties. In addition, they can alert bank staff about the creditworthiness and creditworthiness of the customer even within certain time periods, such as the following 12 months.