Question

How would a credit officer verify personal information provided by a credit applicant?

Answer 1

Credit officer can verify personal information provided by the credit applicant through-

A. Approaching the bank for verification of the personal information that have been provided by the credit applicant in respect of of his bank account number and other personal credit information

B. Credit officer can be going in for a physical verification for his locality in order to ascertain the address provided by the client in order to access is physical verification.

C. He can also be trying to approach past credit history and lenders in order to verify his credit worthiness.

D. He Can be visiting his employer and getting a confirmation that he is actually employed if he has claimed to be employed.

E. He will also have to verify his legal records and other informations through registrar.