Credit Assessment
21 Oct 2008, 3:30 pmCredit assessment signifies that a potential customer would like to qualify, within the limits of their credit and trade history for a trading account with Arrow Voice & Data.
Businesses need to be reassesed every time they add lines or services to their Arrow account. This is due to the increase in expenditure and circumstances for the customer may have changed. Companies that already have an account with Arrow may not always go through credit reassessment depending on the work requests received or if they have only recently opened an account. These are taken on a case by case basis.
Procedures may change due to the economic outlook however an existing customer who may be adding a single line to their account may need to go through the appraisal process. In this scenario, we assess them based on their credit trading history with Arrow over the term of the account.
Arrow uses stringent internal processes in credit assessment to ensure privacy, accuracy and speed when assessing new account or requests to extend credit limits.
Veda checking, Bonds and guarantees are some of the components that can make up credit assessment and appraisal.
Based on a good trading history an account can easily gain approval to extend their liability with Arrow Voice & Data.
Prerna
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