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How Do I Obtain It?
People who extend
credit to people are known as creditors (or lenders) and these come in an
enormous variety from loan and credit card companies through to landlords who
rent out property.
However, one thing
is universal. In order to obtain credit, the creditor has to be convinced that
you are capable of paying back or servicing the debt. This is done by rating you
as a possible customer by calculating what's known as a credit score and checking your credit history i.e. they will check your
status.
You will probably
have seen standard credit application forms where it says 'subject to
status'.
Again, this is
fairly self-evident but you would be surprised at the number of people who
automatically assume they should get credit but really have no idea why they may
be granted or refused it.
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to prepaid Mastercard
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