Answer:
A credit check or a credit report is done by the bank on a basis of an individual's financial credit. It is done in order to make sure that an individual is capable enough of meeting the financial obligation for its business or any other monetary transaction. The credit check is done keeping few aspects in concern like your liabilities, assets, income etc.
| Previous Question | Next Question |
| Tell me what are the various risks that banks face? | How Do You Measure Your Success as a Bank Branch Manager? |