Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Explain what is Credit Processing.

Explain what is Credit Processing.

Answers


Kavungya
Credit processing is the stage where all required information on credit is gathered and applications are screened. Credit application forms should be sufficiently detailed to permit gathering of all information needed for credit assessment at the outset. Financial institutions should have a checklist to ensure that all required information from a borrower is collected.
Kavungya answered the question on March 26, 2019 at 09:12

Answer Attachments

Exams With Marking Schemes

Related Questions