Dictionary meaning of credit refers as the provision of resources and in finance the term credit refers to grant a loan from creditor to debtor, or say simply from lender to borrower. Now the synonym of this word credit seems to be littler clear right now, in the financial point of view. Before this literature review, the credit, for me is just delayed payment of purchased goods or the sum of money given from haves community to the haves not people in order to suppress them in payback time. And because of this reason, I don’t take credit, as there is chance of being embarrassed later. But, God! What if I have to start new business, or non-profit organization and I don’t have enough money to do so. Moreover, I don’t have any kind of property to deposit as mortgage.
And now comes the role of credit manager (one who knows whom to lend and how much) to grant a loan for any individual, business houses, organization or not to giveaway a penny depending upon the reputation, (creditworthiness in his language).
Generally, it’s the trend in the trade that one who is in financial instable or say difficult situation is not offered any credits. But does this point of view makes good money? Of course not ! Let me clarify with one example, if a person desperately needs a van to start his delivery business but he doesn’t have sufficient money. And if granted with auto loans or something like that he could pay back within matter of days. Same thing applies to the homeowner going through bad credits, if home loans or personal loan is provided he can save his home and life (Many person commit suicide when their house is auctioned as it is the matter of social dignity). All these facts are well observed by the credit manager of badcreditoffers.com. For more info: just log in
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