The Banking Code Standards Board stipulates that lenders must assess a customer's ability to repay before extending credit, but they are only required to use two of the following four criteria: an income and expenditure budget, an assessment based on previous knowledge of the customer (account history), a credit score, or an external credit reference check.

Authors

• Person: Not available Organization: Cambridge University Press
  Debt and mental health: the role of psychiatrists

Sources

• Debt and mental health: the role of psychiatrists www.cambridge.org Cambridge University Press via serper

Referenced by nodes (1)

• credit score concept