Are You Creditworthy?
The notion "creditworthiness" can be defined as a presumed ability to meet agreed deadlines related to repaying the credit and the interest accrued without affecting the vitality of the borrower, i.e. the repayment process should be based on the income received in the process of the borrower's usual activity, without affecting adversely his/her financial situation or financial results as well as other business entities. An important point in conducting the credit activity is the thorough analysis of the business activity and the income received in this business activity is taken as a fulcrum. It is necessary that a number of conditions be observed, namely: The credit extended as an absolute value should meet the real needs of the borrower; ƒThe credit period should correspond exactly to the circulation speed of the resources for the securing of which it has been extended; ƒThe profitability of the borrower's business activity should entirely cover the c