Credit Checks

A credit check is a process where a lender or financial institution reviews your credit report to assess your financial history and trustworthiness. It involves examining details like your borrowing history, debt levels, repayment patterns, and credit score. This helps the lender decide whether to approve a loan, credit card, or other financial product, and to determine the interest rate and terms. Credit checks are routine and provide a snapshot of your credit health, allowing lenders to gauge how likely you are to repay borrowed funds responsibly.