WHAT IS FINANCIAL TRACING?
Last updated: 27 Feb 2024 | 240 Views |
Tracing comes from the English word tracing, which means tracking, probing, stalking.
> In the meaning of finance, the application means that the applicant has a history of being repeatedly reviewed by the credit Bureau for a period of time.
> The tracing is due to the same time of the loan application with several financial institutions, which is due to the lack of approval from the 1st bank and the transfer to the 2nd bank.
> To avoid tracing, only one of the most desirable financial institutions should apply for credit approval.
