What is a credit revision?

The credit management of a company must be checked at rather irregular intervals. This review is called credit revision. This does not have to happen from an external testing center, but can also be taken over by an internal department in the company. Of course, external credit audits are also common, for example, when appropriate

What is the credit limit?

If customers want to take out a loan from their bank, the amount of the loan amount is usually limited. This means that sometimes loans are only paid in a fixed maximum amount. The actual credit limit of a borrower is based on the individual creditworthiness of the individual. There are several factors that make