Loans and leasing

Why credit rating is created?

Credit ratings are a common practice in the world, as they give everyone the opportunity to receive an individual offer, where the interest rate and the available amount is based on the individual's financial discipline and existing liabilities.

There is an ancient tradition of credit rating in Europe and the United States. This approach is widely used in lending and postpaid services already from 19th century.

Are you satisfied with the answer?