“Y”: The main cause of failure in the credit – credit policy of banks – BBC

According to the statistics on the reasons for the refusal of banks to issue loans, basic – refusal to cooperate with borrowers of a certain type, writes «Kommersant» .

According to two of the three largest credit bureau, the National Bureau of Credit Histories and “Equifax Credit Services”, the main reasons for failure in the credit – credit policy of the lender, bad credit history of the borrower, the excess debt burden on borrowers and – fails the information specified in the application information to the lender.

«Depending on the strategy of some banks refuse to lend, for example, the very young borrowers, entrepreneurs or customers” from the street “, and these reasons are usually explained by the credit policy of the bank,” – commented the most frequent cause of the failure Director of Retail Credit Risk Rosbank Olga Macha.

At the same time, in her opinion, it is a bad credit history and excessive debt burden are the major reasons for failure, because the risk of rejection in connection with get rid of the most difficult.