Steps in Credit Appraisal


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Steps in Credit Appraisal

1)      Customer Evaluation—Character+Capacity+Capital+Collateral Security+Conditions (economic)

2)      Financial Stmts. of  Customers

3)      Bank references

4)      Trade References

5)      Credit  Bureaus

6)      Bank & Third Party Guarantees

7)      Field Visits

 

Collection  Methods

a) Centralised Collection System

b) Decentralised Collection System

c) Post dated cheques

d) Pay order/bank draft

e) Bills of exchange

f)  Lock Box System

g) Drop –box  System

h) Collection Staff

i) Debt Collector

j) Del Credere Agent— collection of debts + assumes  risk of bad debts

gets  additional  commission.

k) Concentration Banking

l) Factoring

 


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