Creditworthiness Analysis. Instruments and Methods

Paul Sogrin

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Seminar paper from the year 2014 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,7,...

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Seminar paper from the year 2014 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,7, University of Applied Sciences Saarbrücken, language: English, abstract: The following seminar papter superficially analyses the topic of creditworthiness analysis in order to provide the reader with the respective basics in regard to the topic. Finance is one of the main fields within the economics and the cornerstone both for the domestic and global businesses. Finance studies and investigates the opportunities in which individuals and enterprises source, allocate and use monetary funds and resources over time, considering the risks and the monetary developments such as inflation. It is a discipline that provides the monetary basis and structure for every kind of business. Finance is one the most path breaking and strategically essential business sectors. In order to comprehend the finance and the financial structure of the company an individual or a manager has to be capable to conceive the complete business structure of the enterprise. The importance of finance for the international and local business environment but also for private persons is therefore crucial. It is important to mention that finance is a very manifold doctrine with diverse variations, manifestations and a long historical development. Because of the previous mentioned manifoldness of finance it should be consequently said that there is a massive amount of strategies to manage and to acquire the necessary financial or monetary basis either for a corporate or for a private need. One of the most common and popular possibilities to acquire money for financing an investment, to pay the corporate debts or for the private purposes of a person, is to apply for a credit. Following to this fact it is relevant to emphasize that the credit-granting process is a very specific and complex procedure. The complexity of this process could be explained by different economic and political reasons. In order to maintain the stability of the financial markets, to protect the money-granting institutions or persons and the whole economic environment a credit cannot be granted without any guarantee and safeness for the back-paying. Henceforth the credit providing institutions and authorities use an analysis with the task to control the creditworthiness of credit users. The creditworthiness analysis was created within decades, shaped by different cultures and nations, affected by historical and economic mistakes and crises.